Promulgated Contracts Exam | 2025-2026 LATEST UPDATED|
COMPLETE QUESTIONS AND ANSWERS | 100% RATED
CORRECT | 100% VERFIED | ALREADY GRADED A+|GET A+
According to the Environmental Assessment, Threatened or Endangered Species,
& Wetlands Addendum, what happens if the buyer can provide the seller with a
report proving that the use of the property is negatively affected by one of the
noted factors (before the agreed-upon deadline)? - (answer)The buyer can
terminate the contract and get their EARNEST money back
Which of these is an example of a time when it is acceptable not to use a TREC
promulgated form? - (answer)The US government requires a different form be
used
A seller is selling a property that is under a lease. When does the seller have to
deliver a copy of the lease and any move-in condition form to the buyer? -
(answer)within seven days after the effective date
,In a TREC promulgated contract, what is the Third Party Financing Addendum
concerned with? - (answer)Financing contingencies
Which of these is NOT a place where commission split agreements between
cooperating brokers can be determined? - (answer)the sales contract
The Seller's Disclosure Notice is a requirement of - (answer)The Texas property
code
A stand-alone refrigerator would be considered ______ . - (answer)A stand-alone
refrigerator is considered personal property and will not transfer in a sale unless
otherwise noted on the contract. If the refrigerator is built-in it is considered real
property and will transfer in the sale.
Which of these does NOT create housing occupancy standards? - (answer)the
Federal Housing Administration
, According to the Addendum for Back-Up Contract, if a first contract is terminated
and the seller notifies the back-up buyer of the termination, what happens? -
(answer)that date becomes the effective date of the back-up contract
What information does the Disclosure of Relationship with Residential Service
Company form convey? - (answer)that it is a violation of RESPA for a license
holder to receive a referral fee for passing on a name to a service provider
Which of these is appropriate to put in the Special Provisions section of the One to
Four Family Residential Contract? - (answer)The names of sellers that wouldn't fit
in Paragraph 1
Which of these materials would be considered part of a property's mineral estate? -
(answer)Oil
Paragraph D of the Short Sale Addendum contains a date by which the seller must
get approval from their lender for the sale. What happens if the lender does not
COMPLETE QUESTIONS AND ANSWERS | 100% RATED
CORRECT | 100% VERFIED | ALREADY GRADED A+|GET A+
According to the Environmental Assessment, Threatened or Endangered Species,
& Wetlands Addendum, what happens if the buyer can provide the seller with a
report proving that the use of the property is negatively affected by one of the
noted factors (before the agreed-upon deadline)? - (answer)The buyer can
terminate the contract and get their EARNEST money back
Which of these is an example of a time when it is acceptable not to use a TREC
promulgated form? - (answer)The US government requires a different form be
used
A seller is selling a property that is under a lease. When does the seller have to
deliver a copy of the lease and any move-in condition form to the buyer? -
(answer)within seven days after the effective date
,In a TREC promulgated contract, what is the Third Party Financing Addendum
concerned with? - (answer)Financing contingencies
Which of these is NOT a place where commission split agreements between
cooperating brokers can be determined? - (answer)the sales contract
The Seller's Disclosure Notice is a requirement of - (answer)The Texas property
code
A stand-alone refrigerator would be considered ______ . - (answer)A stand-alone
refrigerator is considered personal property and will not transfer in a sale unless
otherwise noted on the contract. If the refrigerator is built-in it is considered real
property and will transfer in the sale.
Which of these does NOT create housing occupancy standards? - (answer)the
Federal Housing Administration
, According to the Addendum for Back-Up Contract, if a first contract is terminated
and the seller notifies the back-up buyer of the termination, what happens? -
(answer)that date becomes the effective date of the back-up contract
What information does the Disclosure of Relationship with Residential Service
Company form convey? - (answer)that it is a violation of RESPA for a license
holder to receive a referral fee for passing on a name to a service provider
Which of these is appropriate to put in the Special Provisions section of the One to
Four Family Residential Contract? - (answer)The names of sellers that wouldn't fit
in Paragraph 1
Which of these materials would be considered part of a property's mineral estate? -
(answer)Oil
Paragraph D of the Short Sale Addendum contains a date by which the seller must
get approval from their lender for the sale. What happens if the lender does not
