Champions Law of Contract 2025/2026
Exam Questions and Detailed Answers |
Get it 100% Correct Answers
Which of the following is a requirement for a Texas real estate sales agent
license? - 🧠 ANSWER ✔✔Show competency by passing the licensing exam
An active sales agent license may only be issued under _____. - 🧠
ANSWER ✔✔The Sponsorship of a licensed broker
A license holder must not prepare which of the following documents? - 🧠
ANSWER ✔✔a license holder must not prepare any of these documents
Promulgated Forms - 🧠 ANSWER ✔✔~ trec established the broker lawyer
committee to write the residential contract forms that are then promulgated
by trec. (pg 13) ~ promulgated means published, or made of public record,
,and these forms are then mandatory for agents to use, with just a few
exceptions. (pg 13)
Promulgated FormsCont - 🧠 ANSWER ✔✔~ failure to use a trec
promulgated form, a form prepared by a texas attorney for a specific
transaction, or a form required by the property owner, such as a builder's
required contract can result in suspension or revocation of your license.
also, preparing a deed, deed of trust, someone's will or any other document
that affects title to land or an interest in land can also put your license at
risk. (pg 17) ~ trec has 6 different promulgated contracts for residential
transactions, but they do not have any promulgated forms for commercial
transactions or for the sale of cooperatives or mobile homes. (pg 17)
2 Promulgated LeaseForms - 🧠 ANSWER ✔✔~ trec has two promulgated
residential lease agreements that are only used as part of a contract
negotiation: one for buyers who move in before closing, and one for sellers
who stay in possession after closing. they are only to be used for up to 90
days before closing or up to 90 days after closing. (pg 19)
DTPA (Deceptive Trade Practices Act) - 🧠 ANSWER ✔✔~ deceptive trade
practices act (dtpa) - know the 3 definitions for goods, services and the
consumer, and that brokerage is considered a service. (pg 26)
, In order to comply with the _____, contracts for the conveyance of an
interest in real estate or leases for a term of more than one year must be in
writing. - 🧠 ANSWER ✔✔Statute of Frauds
Broker Bernardo has a signed sales contract that has not yet gone to the
closing table; therefore, Bernardo has a(n) _____ contract. - 🧠 ANSWER
✔✔Executory
Bryan's client shows up to his closing after drinking three beers at a
baseball game. Due to his consumption of alcohol, the closing cannot take
place because Bryan's client is not legally _____ to sign. - 🧠 ANSWER
✔✔Competent
Buffer Zone - 🧠 ANSWER ✔✔~ a buffer zone is a transitional area used to
separate two incompatible types of property, such as putting a park,
greenbelt or apartment complex between single family residential and
commercial development. (pg 73)wetlands could be a buffer zone
An area of land
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
Exam Questions and Detailed Answers |
Get it 100% Correct Answers
Which of the following is a requirement for a Texas real estate sales agent
license? - 🧠 ANSWER ✔✔Show competency by passing the licensing exam
An active sales agent license may only be issued under _____. - 🧠
ANSWER ✔✔The Sponsorship of a licensed broker
A license holder must not prepare which of the following documents? - 🧠
ANSWER ✔✔a license holder must not prepare any of these documents
Promulgated Forms - 🧠 ANSWER ✔✔~ trec established the broker lawyer
committee to write the residential contract forms that are then promulgated
by trec. (pg 13) ~ promulgated means published, or made of public record,
,and these forms are then mandatory for agents to use, with just a few
exceptions. (pg 13)
Promulgated FormsCont - 🧠 ANSWER ✔✔~ failure to use a trec
promulgated form, a form prepared by a texas attorney for a specific
transaction, or a form required by the property owner, such as a builder's
required contract can result in suspension or revocation of your license.
also, preparing a deed, deed of trust, someone's will or any other document
that affects title to land or an interest in land can also put your license at
risk. (pg 17) ~ trec has 6 different promulgated contracts for residential
transactions, but they do not have any promulgated forms for commercial
transactions or for the sale of cooperatives or mobile homes. (pg 17)
2 Promulgated LeaseForms - 🧠 ANSWER ✔✔~ trec has two promulgated
residential lease agreements that are only used as part of a contract
negotiation: one for buyers who move in before closing, and one for sellers
who stay in possession after closing. they are only to be used for up to 90
days before closing or up to 90 days after closing. (pg 19)
DTPA (Deceptive Trade Practices Act) - 🧠 ANSWER ✔✔~ deceptive trade
practices act (dtpa) - know the 3 definitions for goods, services and the
consumer, and that brokerage is considered a service. (pg 26)
, In order to comply with the _____, contracts for the conveyance of an
interest in real estate or leases for a term of more than one year must be in
writing. - 🧠 ANSWER ✔✔Statute of Frauds
Broker Bernardo has a signed sales contract that has not yet gone to the
closing table; therefore, Bernardo has a(n) _____ contract. - 🧠 ANSWER
✔✔Executory
Bryan's client shows up to his closing after drinking three beers at a
baseball game. Due to his consumption of alcohol, the closing cannot take
place because Bryan's client is not legally _____ to sign. - 🧠 ANSWER
✔✔Competent
Buffer Zone - 🧠 ANSWER ✔✔~ a buffer zone is a transitional area used to
separate two incompatible types of property, such as putting a park,
greenbelt or apartment complex between single family residential and
commercial development. (pg 73)wetlands could be a buffer zone
An area of land
COPYRIGHT©PROFFKERRYMARTIN 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435. TERMS OF USE.
PRIVACY STATEMENT. ALL RIGHTS RESERVED
