TREC-promulgated contracts address all of the following EXCEPT

A) a purchase using a contract for deed.
B) the purchase of a fee simple town house.
C) an assumption of an FHA-insured loan.
D) a purchase using seller financing.

Answer: A) a purchase using a contract for deed.
TREC does not promulgate a contract for deed.

Business

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Activity-based budgeting (ABB) is a budget system based on ____________________.

Fill in the blank(s) with the appropriate word(s).

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When hotels, motels, and airlines offer discounts in slow selling periods, they are said to be offering ________

A) trade discounts B) quantity discounts C) functional discounts D) seasonal discounts E) trade-in allowances

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