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AYPO REAL ESTATE PROMULGATED CONTRACTS EXAM
2025| ACTUAL EXAM QUESTIONS WITH 100% VERIFIED
ANSWERS
A person is not engaged in a real estate brokerage, regardless of whether the
person is licensed under this chapter, based solely on engaging in which of the
following activities?
a. Any of these.
b. Entering into an obligation to pay another person that is secured by an interest
in real property
c. Sponsoring, promoting, or managing, or otherwise participating as a principal,
partner, or financial manager of, an investment in real estate
d. Constructing, remodeling, or repairing a home or other building - correct-
answer-a. Any of these.
To receive a daily rate of $40 in a buyer's or seller's lease, the monthly rate would
have to be set at which of these monthly rates?
a. $900
b. $1,400
c. $1,200
d. $1,000 - correct-answer-c. $1,200
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According to TREC a "reasonable time" within which to deposit the escrow check
is:
a. By end of the day following signing
b. Within 72 hours
c. By the end of the second business following formation of the contract
d. By the end of the day of signing - correct-answer-c. By the end of the second
business following formation of the contract
A "release clause" in a mortgage agreement would allow which of the following
additional lender approval?
a. To obligate the lessee/owner to an irrevocable option to buy
b. To replace an existing contract with a new contract
c. To section off a portion of the property, the equivalent value of which has been
paid off, and sell off that portion if desired
d. To transfer rights or duties under a contract from a current party to a contract
to another party - correct-answer-c. To section off a portion of the property, the
equivalent value of which has been paid off, and sell off that portion if desired
The DTPA only applies to real estate transactions in situations involving:
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a. An express misrepresentation of a material fact that cannot be characterized as
advice, judgement, or opinion
b. An unconscionable action or course of action that cannot be characterized as
advice, judgement, or opinion.
c. A failure to disclose information known by the licensee at the time of the
transaction if the non-disclosure was intended to induce the consumer into a
transaction they would not have entered if they were aware of the undisclosed
information
d. Any of these - correct-answer-d. Any of these
Texas' promulgated One to Four Family Residential Contract (Resale) §___ allows
the buyer a grace period in which they can cancel the deal without risking their
escrow deposit.
a. 7
b. 5
c. 11
d. 22 - correct-answer-b. 5
To promulgate means which of the following? (best answer)
a. Officially announce, publish, make known to the public, or to formally announce
a statute or a decision by a court.
AYPO REAL ESTATE PROMULGATED CONTRACTS EXAM
2025| ACTUAL EXAM QUESTIONS WITH 100% VERIFIED
ANSWERS
A person is not engaged in a real estate brokerage, regardless of whether the
person is licensed under this chapter, based solely on engaging in which of the
following activities?
a. Any of these.
b. Entering into an obligation to pay another person that is secured by an interest
in real property
c. Sponsoring, promoting, or managing, or otherwise participating as a principal,
partner, or financial manager of, an investment in real estate
d. Constructing, remodeling, or repairing a home or other building - correct-
answer-a. Any of these.
To receive a daily rate of $40 in a buyer's or seller's lease, the monthly rate would
have to be set at which of these monthly rates?
a. $900
b. $1,400
c. $1,200
d. $1,000 - correct-answer-c. $1,200
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According to TREC a "reasonable time" within which to deposit the escrow check
is:
a. By end of the day following signing
b. Within 72 hours
c. By the end of the second business following formation of the contract
d. By the end of the day of signing - correct-answer-c. By the end of the second
business following formation of the contract
A "release clause" in a mortgage agreement would allow which of the following
additional lender approval?
a. To obligate the lessee/owner to an irrevocable option to buy
b. To replace an existing contract with a new contract
c. To section off a portion of the property, the equivalent value of which has been
paid off, and sell off that portion if desired
d. To transfer rights or duties under a contract from a current party to a contract
to another party - correct-answer-c. To section off a portion of the property, the
equivalent value of which has been paid off, and sell off that portion if desired
The DTPA only applies to real estate transactions in situations involving:
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a. An express misrepresentation of a material fact that cannot be characterized as
advice, judgement, or opinion
b. An unconscionable action or course of action that cannot be characterized as
advice, judgement, or opinion.
c. A failure to disclose information known by the licensee at the time of the
transaction if the non-disclosure was intended to induce the consumer into a
transaction they would not have entered if they were aware of the undisclosed
information
d. Any of these - correct-answer-d. Any of these
Texas' promulgated One to Four Family Residential Contract (Resale) §___ allows
the buyer a grace period in which they can cancel the deal without risking their
escrow deposit.
a. 7
b. 5
c. 11
d. 22 - correct-answer-b. 5
To promulgate means which of the following? (best answer)
a. Officially announce, publish, make known to the public, or to formally announce
a statute or a decision by a court.
