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5.0
AYPO REAL ESTATE PROMULGATED CONTRACTS
ACTUAL EXAM QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) /ALREADY
GRADED A+
Quiz: "Psychological stigmas," which involve violent or catastrophic
events on a property, fall under which category of disclosure?
a. Required disclosures
b. Prohibited disclosures
c. Permitted disclosures
d. None of these
Ans: c. Permitted disclosures
Quiz: If there is a field in a promulgated form for which you have no
information to include, your safest option is which of the following?
a. Run a line through it
b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's
agent is aware that the section exists and was not just overlooked
c. Any of these
d. Just leave it blank
,Ans: b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's
agent is aware that the section exists and was not just overlooked
Quiz: Which of these is an exemption to the "legal capacity"
requirement to form a contract?
a. A contract for a life necessity
b. The other party had no knowledge of the party's lack of legal
capacity
c. Both of these are correct
d. Neither of these are correct
Ans: a. A contract for a life necessity
Quiz: An amendment must always include reference to all of these,
except:
a. The title report
b. The original contract
c. Parties
d. Date of ratification
Ans: a. The title report
Examstudy - Stuvia US
,Quiz: What category of disclosure do "psychological stigmas" fall into in
Texas?
a. Prohibited
b. Required
c. Permitted
d. None of these
Ans: c. Permitted
Quiz: Promulgated contracts for TRELA generally are developed by
which of the following?
a. TREC
b. National Association of Realtors
c. Texas Bar Association
d. The Broker-Lawyer Committee
Ans: d. The Broker-Lawyer Committee
Quiz: If the seller has misled or misrepresented something, the signature
at closing:
a. Terminates any obligation to the buyer
Examstudy - Stuvia US
, b. Neither of these
c. Either of these
d. Does not release them from those promises
Ans: d. Does not release them from those promises
Quiz: Restrictive covenants are regulations which can include which of
the following?
a. Dictating minimum residence size
b. Nuber of homes per lot
c. Types of construction allowed and not allowed
d. All of these
Ans: d. All of these
Quiz: Before leasing the property back to a seller or leasing it ahead of
closing to a buyer, both parties need to pay attention to the effect that
leasing will have on which of the following?
a. Their insurance coverage
b. The Seller's disclosure
c. The title commitment
d. The title policy
Examstudy - Stuvia US
In today's fast-paced educational landscape, students need reliable resources to excel in their studies.
5.0
AYPO REAL ESTATE PROMULGATED CONTRACTS
ACTUAL EXAM QUESTIONS WITH DETAILED VERIFIED
ANSWERS (100% CORRECT ANSWERS) /ALREADY
GRADED A+
Quiz: "Psychological stigmas," which involve violent or catastrophic
events on a property, fall under which category of disclosure?
a. Required disclosures
b. Prohibited disclosures
c. Permitted disclosures
d. None of these
Ans: c. Permitted disclosures
Quiz: If there is a field in a promulgated form for which you have no
information to include, your safest option is which of the following?
a. Run a line through it
b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's
agent is aware that the section exists and was not just overlooked
c. Any of these
d. Just leave it blank
,Ans: b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's
agent is aware that the section exists and was not just overlooked
Quiz: Which of these is an exemption to the "legal capacity"
requirement to form a contract?
a. A contract for a life necessity
b. The other party had no knowledge of the party's lack of legal
capacity
c. Both of these are correct
d. Neither of these are correct
Ans: a. A contract for a life necessity
Quiz: An amendment must always include reference to all of these,
except:
a. The title report
b. The original contract
c. Parties
d. Date of ratification
Ans: a. The title report
Examstudy - Stuvia US
,Quiz: What category of disclosure do "psychological stigmas" fall into in
Texas?
a. Prohibited
b. Required
c. Permitted
d. None of these
Ans: c. Permitted
Quiz: Promulgated contracts for TRELA generally are developed by
which of the following?
a. TREC
b. National Association of Realtors
c. Texas Bar Association
d. The Broker-Lawyer Committee
Ans: d. The Broker-Lawyer Committee
Quiz: If the seller has misled or misrepresented something, the signature
at closing:
a. Terminates any obligation to the buyer
Examstudy - Stuvia US
, b. Neither of these
c. Either of these
d. Does not release them from those promises
Ans: d. Does not release them from those promises
Quiz: Restrictive covenants are regulations which can include which of
the following?
a. Dictating minimum residence size
b. Nuber of homes per lot
c. Types of construction allowed and not allowed
d. All of these
Ans: d. All of these
Quiz: Before leasing the property back to a seller or leasing it ahead of
closing to a buyer, both parties need to pay attention to the effect that
leasing will have on which of the following?
a. Their insurance coverage
b. The Seller's disclosure
c. The title commitment
d. The title policy
Examstudy - Stuvia US
