AYPO Real Estate Promulgated
contracts actual exam questions
Failure to present an offer is which of the following?
a. Allowable act if the offer is not in writing
b. Prerogative of the listing agreement
c. Violation of a licensee's fiduciary duties
d. Unauthorized practice of law - CORRECT ANSWER-c. Violation of a licensee's
fiduciary duties
Which of these IS NOT an addendum listed in the TREC 1-4 §22 Agreement of Parties
a. Environmental Assessment, Threatened or Endangered Species and Wetlands
Addendum
b. Addendum for Property Subject to Mandatory Membership in a Property Owners
Association
c. Addendum for Inclusion and Exclusion of Personal Property
d.Buyer's Temporary Residential Lease - CORRECT ANSWER-c. Addendum for
Inclusion and Exclusion of Personal Property
A cost that is not prorated by the title company is which of these?
a. Loan fees
b. Rents
c. Association fees
d. Property taxes - CORRECT ANSWER-a. Loan fees
Which of these Farm and Ranch Contract sections IS NOT distinguished from the
TREC 1-4?
a. 6 Title Policy and Survey
b. 7 Property Conditions
c. 15 Default
d. 13 Prorations - CORRECT ANSWER-c. 15 Default
Who pays for and who is the provider of the title insurance policy is determined by
which of the following?
a. By the buyer
b. Agreement of the parties
c. None of these
, d. By the listing party - CORRECT ANSWER-b. Agreement of the parties
What is the statutory minimum price for a termination option under §5 Earnest Money
and Termination Option
a. $10
b. 1% of offer
c. $100
d. There is no statutory minimum - CORRECT ANSWER-d. There is no statutory
minimum
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 - CORRECT ANSWER-a. The title report
What category of disclosure do "psychological stigmas" fall into in Texas?
a. Prohibited
b. Required
c. Permitted
d. None of these - CORRECT ANSWER-c. Permitted
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 - CORRECT ANSWER-d. The Broker-Lawyer
Committee
If the seller has misled or misrepresented something, the signature at closing:
a. Terminates any obligation to the buyer
b. Neither of these
c. Either of these
d. Does not release them from those promises - CORRECT ANSWER-d. Does not
release them from those promises
Restrictive covenants are regulations which can include which of the following?
a. Dictating minimum residence size
b. Nuber of homes per lot
contracts actual exam questions
Failure to present an offer is which of the following?
a. Allowable act if the offer is not in writing
b. Prerogative of the listing agreement
c. Violation of a licensee's fiduciary duties
d. Unauthorized practice of law - CORRECT ANSWER-c. Violation of a licensee's
fiduciary duties
Which of these IS NOT an addendum listed in the TREC 1-4 §22 Agreement of Parties
a. Environmental Assessment, Threatened or Endangered Species and Wetlands
Addendum
b. Addendum for Property Subject to Mandatory Membership in a Property Owners
Association
c. Addendum for Inclusion and Exclusion of Personal Property
d.Buyer's Temporary Residential Lease - CORRECT ANSWER-c. Addendum for
Inclusion and Exclusion of Personal Property
A cost that is not prorated by the title company is which of these?
a. Loan fees
b. Rents
c. Association fees
d. Property taxes - CORRECT ANSWER-a. Loan fees
Which of these Farm and Ranch Contract sections IS NOT distinguished from the
TREC 1-4?
a. 6 Title Policy and Survey
b. 7 Property Conditions
c. 15 Default
d. 13 Prorations - CORRECT ANSWER-c. 15 Default
Who pays for and who is the provider of the title insurance policy is determined by
which of the following?
a. By the buyer
b. Agreement of the parties
c. None of these
, d. By the listing party - CORRECT ANSWER-b. Agreement of the parties
What is the statutory minimum price for a termination option under §5 Earnest Money
and Termination Option
a. $10
b. 1% of offer
c. $100
d. There is no statutory minimum - CORRECT ANSWER-d. There is no statutory
minimum
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 - CORRECT ANSWER-a. The title report
What category of disclosure do "psychological stigmas" fall into in Texas?
a. Prohibited
b. Required
c. Permitted
d. None of these - CORRECT ANSWER-c. Permitted
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 - CORRECT ANSWER-d. The Broker-Lawyer
Committee
If the seller has misled or misrepresented something, the signature at closing:
a. Terminates any obligation to the buyer
b. Neither of these
c. Either of these
d. Does not release them from those promises - CORRECT ANSWER-d. Does not
release them from those promises
Restrictive covenants are regulations which can include which of the following?
a. Dictating minimum residence size
b. Nuber of homes per lot
