Jason- Texas Real Estate TEXAS Exam Questions with Correct Answers 100% Verified By
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How many days does a buyer have to back out of a contract if he/she is unhappy with the title
commitment/survey the number specified in the contract
Addendum for Coastal Area Property says you may lose or gain land due to avulsion or
accretion; and the state may require your house torn down
How many days does the title company have to provide the title commitment after receiving
the sales contract? 20
How many days does the buyer have to pay the option fee to the seller? 3
If the buyer doesn't have the seller's disclosure of property condition before signing, he has
_______ days to terminate the offer after receiving the disclosure 7
Seller's disclosure is NOT required when: foreclosure sale, tax sale, sale by guardian,
executor, administrator, or sale by a builder of a new home
removal of mold is called remediation
mold assessors and remediators must be licensed
testing after mold remediation is not required
property owners can assess and remediate their own mold without a license
a certificate of mold remediation must be furnished no later than 10 days after work is
complete
, This keeps insurers from making an underwriting decision based on previous damage/claims
a certificate of mold remediation
Law requires owners to provide all certificates of mold remediation for the last 5 years
income on separate property is considered community property
Once community funds are used to improve separate property, community rights acrue yes
separate property acquired before marriage, during marriage by inheritance, or gift
homestead protection is automatic and cannot be waived
the homestead of a family is protected from all creditors, except: mortgage, property taxes,
m & m liens, and HOA
Homestead size limit: urban 10 acres
Homestead size limit: rural 200 acres family/100 acres single adult
how many homesteads per family? 1
Homestead tax exemption must occupy the home on January 1; can back file 2 years
DTPA allows for recovery off triple (aka treble) damages
Experts| Latest Update Guaranteed Success
How many days does a buyer have to back out of a contract if he/she is unhappy with the title
commitment/survey the number specified in the contract
Addendum for Coastal Area Property says you may lose or gain land due to avulsion or
accretion; and the state may require your house torn down
How many days does the title company have to provide the title commitment after receiving
the sales contract? 20
How many days does the buyer have to pay the option fee to the seller? 3
If the buyer doesn't have the seller's disclosure of property condition before signing, he has
_______ days to terminate the offer after receiving the disclosure 7
Seller's disclosure is NOT required when: foreclosure sale, tax sale, sale by guardian,
executor, administrator, or sale by a builder of a new home
removal of mold is called remediation
mold assessors and remediators must be licensed
testing after mold remediation is not required
property owners can assess and remediate their own mold without a license
a certificate of mold remediation must be furnished no later than 10 days after work is
complete
, This keeps insurers from making an underwriting decision based on previous damage/claims
a certificate of mold remediation
Law requires owners to provide all certificates of mold remediation for the last 5 years
income on separate property is considered community property
Once community funds are used to improve separate property, community rights acrue yes
separate property acquired before marriage, during marriage by inheritance, or gift
homestead protection is automatic and cannot be waived
the homestead of a family is protected from all creditors, except: mortgage, property taxes,
m & m liens, and HOA
Homestead size limit: urban 10 acres
Homestead size limit: rural 200 acres family/100 acres single adult
how many homesteads per family? 1
Homestead tax exemption must occupy the home on January 1; can back file 2 years
DTPA allows for recovery off triple (aka treble) damages
