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AYPO Real Estate Promulgated contracts Exam Newest
2026/2027 Actual Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded A+|| Best
Version!!!
New homes present a greater likelihood that the property
owner will direct the licensee to use:
A.) A form other than one promulgated by TREC
B.) An attorney to prepare the contract
C.) None of these
D.) One of the promulgated forms - ANSWER-A.) A form other
than one promulgated by TREC
Which of these is a difference between the One to Four Family
Residential Contract (Resale) and the Farm and Ranch Contract?
A.) The One to Four Family Residential Contract (Resale)
addresses membership in property owners associations
B.) Neither of these
C.) The Farm and Ranch Contract includes a section on the Texas
Agricultural Development District
D.) Both of these - ANSWER-D.) Both of these
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Which of these is generally considered to be a "seller's cost"?
A.) Loan-related inspection fees
B.) Credit reports
C.) Loan application fees
D.) Releases of existing liens, including prepayment penalties
and recording fees - ANSWER-D.) Releases of existing liens,
including prepayment penalties and recording fees
An amendment must always include reference to all of these,
except:
A.) Parties
B.) The title report
C.) The original contract
D.) Date of ratification - ANSWER-B.) The title report
The escrow agent is not which of these?
A.) A party to the contract
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B.) Liable to the loss of any earnest money caused by the failure
of any financial institution in which the earnest money has been
deposited (unless the financial institution is acting as escrow
agent).
C.) Liable for interest on the earnest money
D.) Any of these - ANSWER-D.) Any of these
Which paragraph of the TREC 1-4 contract already includes a
"time is of the essence" clause? - ANSWER-5
Which of these is an exemption to the "legal capacity"
requirement to form a contract?
A.) Neither of these is correct
B.) The other party had no knowledge of the party's lack of legal
capacity
C.) Both of these are correct
D.) A contract for a life necessity - ANSWER-D.) A contract for a
life necessity
TRELA states unequivocally that it is illegal for a licensee to
draw, i.e., create or develop which of the following their own?
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A.) A will
B.) All of these
C.) A deed of trust
D.) A deed - ANSWER-B.) All of these
Section 11 Special Provisions of the TREC 1-4 can be used only
for which of the following?
A.) Factual statements and business details applicable to the
sale
B.) Both of these
C.) Neither of these
D.). Alterations of text or addition of provisions that are
generally legal in nature - ANSWER-A.) Factual statements and
business details applicable to the sale
The Real Estate License Act was created to:
A.) Protect the public interests from dishonest or incompetent
brokers or salespersons
AYPO Real Estate Promulgated contracts Exam Newest
2026/2027 Actual Exam Complete Questions And Correct
Answers(Verified Answers)|Already Graded A+|| Best
Version!!!
New homes present a greater likelihood that the property
owner will direct the licensee to use:
A.) A form other than one promulgated by TREC
B.) An attorney to prepare the contract
C.) None of these
D.) One of the promulgated forms - ANSWER-A.) A form other
than one promulgated by TREC
Which of these is a difference between the One to Four Family
Residential Contract (Resale) and the Farm and Ranch Contract?
A.) The One to Four Family Residential Contract (Resale)
addresses membership in property owners associations
B.) Neither of these
C.) The Farm and Ranch Contract includes a section on the Texas
Agricultural Development District
D.) Both of these - ANSWER-D.) Both of these
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Which of these is generally considered to be a "seller's cost"?
A.) Loan-related inspection fees
B.) Credit reports
C.) Loan application fees
D.) Releases of existing liens, including prepayment penalties
and recording fees - ANSWER-D.) Releases of existing liens,
including prepayment penalties and recording fees
An amendment must always include reference to all of these,
except:
A.) Parties
B.) The title report
C.) The original contract
D.) Date of ratification - ANSWER-B.) The title report
The escrow agent is not which of these?
A.) A party to the contract
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B.) Liable to the loss of any earnest money caused by the failure
of any financial institution in which the earnest money has been
deposited (unless the financial institution is acting as escrow
agent).
C.) Liable for interest on the earnest money
D.) Any of these - ANSWER-D.) Any of these
Which paragraph of the TREC 1-4 contract already includes a
"time is of the essence" clause? - ANSWER-5
Which of these is an exemption to the "legal capacity"
requirement to form a contract?
A.) Neither of these is correct
B.) The other party had no knowledge of the party's lack of legal
capacity
C.) Both of these are correct
D.) A contract for a life necessity - ANSWER-D.) A contract for a
life necessity
TRELA states unequivocally that it is illegal for a licensee to
draw, i.e., create or develop which of the following their own?
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A.) A will
B.) All of these
C.) A deed of trust
D.) A deed - ANSWER-B.) All of these
Section 11 Special Provisions of the TREC 1-4 can be used only
for which of the following?
A.) Factual statements and business details applicable to the
sale
B.) Both of these
C.) Neither of these
D.). Alterations of text or addition of provisions that are
generally legal in nature - ANSWER-A.) Factual statements and
business details applicable to the sale
The Real Estate License Act was created to:
A.) Protect the public interests from dishonest or incompetent
brokers or salespersons
