LAW OF CONTRACTS CHAMPIONS ACTUAL FINAL EXAM |
COMPLETE AND GRADED QUESTIONS AND ANSWERS 2026 LATEST
UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO PASS |
GET A+
In ______the Texas Real Estate Commission was established to administer and enforce the
TRELA.
a. 1939
b. 1929
c. 1949
d. 1993 - (answer)c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 - (answer)b. 2
,In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b - (answer)d. both a and b
Which of the following can result in a license revocation or suspension by TREC?
(a) Failure to use TRECs promulgated forms
(b) Failure to use a form written by an attorney
(c) Failure to use a form required by a party
(d) all of the above - (answer)(d) all of the above
Which of the following does TREC have promulgated sales contract forms for?
(a) Lease purchase
(b) Right of First Refusal
,(c) Lease option
(d) Homes and condos - (answer)(d) Homes and condos
If a client is interested in a lease with an option to purchase or a right of first refusal, the
assistance of a(n)_________ is required.
(a) Attorney
(b) Broker
(c) TREC Representative
(d) Subagent - (answer)(a) Attorney
The State of Texas requires that most sellers of residential property provide a _______ whether
or not the seller has ever occupied the property.
(a) Amendment to Contract
(b) Seller's Temporary Residential Lease
(c) Seller's Disclosure
(d) Seller Financing Addendum - (answer)(c) Seller's Disclosure
, TREC's residential contract forms, ______, are mandatory for license holders, with few
exceptions.
(a) for optional use by real estate license holders
(b) drafted by the Broker Lawyer Committee
(c) promulgated by the Broker Lawyer Committee
(d) mandatory for all real estate transactions in Texas - (answer)(b) drafted by the Broker Lawyer
Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures - (answer)(c) Goods
The _______ statute provides that the sender's message must contain clear and conspicuous
notice that the message is an advertisement or solicitation..
COMPLETE AND GRADED QUESTIONS AND ANSWERS 2026 LATEST
UPDATED | 100% GRADED CORRECT | 100% GUARANTEED TO PASS |
GET A+
In ______the Texas Real Estate Commission was established to administer and enforce the
TRELA.
a. 1939
b. 1929
c. 1949
d. 1993 - (answer)c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 - (answer)b. 2
,In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b - (answer)d. both a and b
Which of the following can result in a license revocation or suspension by TREC?
(a) Failure to use TRECs promulgated forms
(b) Failure to use a form written by an attorney
(c) Failure to use a form required by a party
(d) all of the above - (answer)(d) all of the above
Which of the following does TREC have promulgated sales contract forms for?
(a) Lease purchase
(b) Right of First Refusal
,(c) Lease option
(d) Homes and condos - (answer)(d) Homes and condos
If a client is interested in a lease with an option to purchase or a right of first refusal, the
assistance of a(n)_________ is required.
(a) Attorney
(b) Broker
(c) TREC Representative
(d) Subagent - (answer)(a) Attorney
The State of Texas requires that most sellers of residential property provide a _______ whether
or not the seller has ever occupied the property.
(a) Amendment to Contract
(b) Seller's Temporary Residential Lease
(c) Seller's Disclosure
(d) Seller Financing Addendum - (answer)(c) Seller's Disclosure
, TREC's residential contract forms, ______, are mandatory for license holders, with few
exceptions.
(a) for optional use by real estate license holders
(b) drafted by the Broker Lawyer Committee
(c) promulgated by the Broker Lawyer Committee
(d) mandatory for all real estate transactions in Texas - (answer)(b) drafted by the Broker Lawyer
Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures - (answer)(c) Goods
The _______ statute provides that the sender's message must contain clear and conspicuous
notice that the message is an advertisement or solicitation..
