7/10/26, 10:42 AM Law of Contracts Practice Exam Champions EXAM - 2026 (Questions + Answers) with verified Answers (Latest Update 2026) UP…
Law of Contracts Practice Exam Champions
EXAM - 2026 (Questions + Answers) with verified
Answers (Latest Update 2026) UPDATE!!
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Terms in this set (83)
In ______the Texas Real Estate c. 1949
Commission was established to
administer and enforce the TRELA.
a. 1939
b. 1929
c. 1949
d. 1993
TREC has only _______ promulgated b. 2
lease forms.
a. 1
b. 2
c. 3
d. 4
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,7/10/26, 10:42 AM Law of Contracts Practice Exam Champions EXAM - 2026 (Questions + Answers) with verified Answers (Latest Update 2026) UP…
In the TAR® Seller's Disclosure the d. both a and b
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
Which of the following can result in a (d) all of the above
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
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,7/10/26, 10:42 AM Law of Contracts Practice Exam Champions EXAM - 2026 (Questions + Answers) with verified Answers (Latest Update 2026) UP…
Which of the following does TREC (d) Homes and condos
have promulgated sales contract
forms for?
(a) Lease purchase
(b) Right of First Refusal
(c) Lease option
(d) Homes and condos
If a client is interested in a lease with (a) Attorney
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
The State of Texas requires that most (c) Seller's Disclosure
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
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, 7/10/26, 10:42 AM Law of Contracts Practice Exam Champions EXAM - 2026 (Questions + Answers) with verified Answers (Latest Update 2026) UP…
TREC's residential contract forms, (b) drafted by the Broker Lawyer Committee
______, 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
Which of the following are defined (c) Goods
as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures
The _______ statute provides that the (a) CAN-SPAM
sender's message must contain clear
and conspicuous notice that the
message is an advertisement or
solicitation..
(a) CAN-SPAM
(b) Interstate Land Sales Full
Disclosure Act
(c) Do Not Call
(d) Junk Fax Prevention Act
https://quizlet.com/1194064647/law-of-contracts-practice-exam-champions-exam-2026-questions-answers-with-verified-answers-latest-update-2026-… 4/32
Law of Contracts Practice Exam Champions
EXAM - 2026 (Questions + Answers) with verified
Answers (Latest Update 2026) UPDATE!!
Save Add to calendar
Terms in this set (83)
In ______the Texas Real Estate c. 1949
Commission was established to
administer and enforce the TRELA.
a. 1939
b. 1929
c. 1949
d. 1993
TREC has only _______ promulgated b. 2
lease forms.
a. 1
b. 2
c. 3
d. 4
https://quizlet.com/1194064647/law-of-contracts-practice-exam-champions-exam-2026-questions-answers-with-verified-answers-latest-update-2026-… 1/32
,7/10/26, 10:42 AM Law of Contracts Practice Exam Champions EXAM - 2026 (Questions + Answers) with verified Answers (Latest Update 2026) UP…
In the TAR® Seller's Disclosure the d. both a and b
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
Which of the following can result in a (d) all of the above
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
https://quizlet.com/1194064647/law-of-contracts-practice-exam-champions-exam-2026-questions-answers-with-verified-answers-latest-update-2026-… 2/32
,7/10/26, 10:42 AM Law of Contracts Practice Exam Champions EXAM - 2026 (Questions + Answers) with verified Answers (Latest Update 2026) UP…
Which of the following does TREC (d) Homes and condos
have promulgated sales contract
forms for?
(a) Lease purchase
(b) Right of First Refusal
(c) Lease option
(d) Homes and condos
If a client is interested in a lease with (a) Attorney
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
The State of Texas requires that most (c) Seller's Disclosure
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
https://quizlet.com/1194064647/law-of-contracts-practice-exam-champions-exam-2026-questions-answers-with-verified-answers-latest-update-2026-… 3/32
, 7/10/26, 10:42 AM Law of Contracts Practice Exam Champions EXAM - 2026 (Questions + Answers) with verified Answers (Latest Update 2026) UP…
TREC's residential contract forms, (b) drafted by the Broker Lawyer Committee
______, 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
Which of the following are defined (c) Goods
as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures
The _______ statute provides that the (a) CAN-SPAM
sender's message must contain clear
and conspicuous notice that the
message is an advertisement or
solicitation..
(a) CAN-SPAM
(b) Interstate Land Sales Full
Disclosure Act
(c) Do Not Call
(d) Junk Fax Prevention Act
https://quizlet.com/1194064647/law-of-contracts-practice-exam-champions-exam-2026-questions-answers-with-verified-answers-latest-update-2026-… 4/32
