2025/2026 Actual Complete Real Exam Questions And
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The __________________ ensures compliance with TRELA,
which requires
that license holders advise buyers to have an abstract of title
examined or to
obtain title
insurance.
(a) Title commitment
(b) Notice to Prospective Buyer
(c) Seller's Disclosure
(d) Inspection report - ANSWER-A
A Seller's Disclosure Notice is not required
(a) When the property being sold is a previously unoccupied
new home
,(b) When the property is sold to an investor
(c) When the property has an out of state owner
(d) When the property is sold "as i" - ANSWER-A
If a buyer is concerned about the presence of endangered
species, toxic
substances or wetlands on a property, the
agent should
(a) Add the Environmental Assessment Addendum to the
contract
(b) Avoid the property at all costs
(c) Add in Paragraph 11, Special Provisions, that the contract
is subject to an
environmental
review
(d) Explain to the buyer that environmental issues are
rarely a problem -
ANSWER-
A
How long does a buyer have to object to defects,
exceptions and
,encumbrances to title disclosed in the survey and title
commitment?
(a) Within 3 days of the effective date of the contract
(b) Up to 5 days prior to closing
(c) Within 7 days of becoming concerned
(d) The negotiated number of days stated in the contract -
ANSWER-D
Being within the extraterritorial jurisdiction of a municipality is
an indication the
property
will:
(a) Be condemned in the near future
(b) Possibly be annexed in the future
(c) Be unmarketable
(d) Never be annexed by any municipality - ANSWER-B
The Lead-Based Paint Disclosure is:
(a) Required for all properties
, (b) A federal requirement for residential property built prior to
1978
(c) A TREC requirement
(d) The responsibility of the buyer's agent - ANSWER-B
If a buyer makes an offer without having received the Seller's
Disclosure Notice,
how many days does the seller have to provide
the notice?
(a) Not less than 3 days prior to closing
(b) Not more than 5 days after the effective date of the contract
(c) Within 7 days of loan approval
(d) The number of days negotiated in the contract - ANSWER-D
If a license holder is receiving compensation from a
residential service
company, the
compensation is:
(a) Reported to TREC
(b) Disclosed to the parties using the appropriate TREC form