Texas Law of Contracts Quiz: Questions & Answers: Latest Updated: Guaranteed A+ Score

The DTPA helps protect...? Agents Consumers Sellers Attorneys (Ans- Consumers In order to help prevent the buyer from withdrawing their offer, when should a seller provide a prospective buyer with the property disclosure form...? After the contract is signed with the prospective buyer Before the prospective buyer makes an offer After the prospective buyer's offer is accepted After the prospective buyer's home inspector conducts their inspection of the property (Ans- Before the Prospective Buyer Makes an Offer How can an agent avoid the unauthorized practice of law...? Refuse to provide legal advice Have their client's attorney perform any edits to the contract form Refer their client to an attorney for legal advice All of the above (Ans- All of the Above The duties and powers of TREC are described in which of the following documents...? RESPA TRELA DTPA NAR (Ans- TRELA Who is authorized to provide legal advice to sellers...? Attorneys Brokers Agents All of the above (Ans- Attorneys Who oversees the Broker/Lawyer Committee...? The Texas Attorney General The Texas Real Estate Commission The Texas Governor The Texas Bureau of Real Estate (Ans- The Texas Real Estate Commission Section 1101.155 of the Texas Real Estate License Act deals with which of the following...? Rules regarding independent contractors Rules regarding the Texas contract forms Rules regarding broker conduct Rules regarding agency relationships (Ans- Rules Regarding the Texas Contract Forms The moral principles that govern a person's or group's behavior are known as...? Ethics Statutes Guidelines Laws (Ans- Ethics