TREBS EXAM 5| COMPLETE QUESTIONS WITH 100% RATED CORRECT ANSWERS | GRADED A+| 2025 LATEST UPDATED

TREBS EXAM 5| COMPLETE QUESTIONS WITH 100% RATED CORRECT
ANSWERS | GRADED A+| 2025 LATEST UPDATED




1. Use of the TREC promulgated One to Four Family Residential Contract (Re-
sale):

A. Is allowed on the sale of a residential condominium

B. Can be used for a vacant residential lot

C. Covers single family, duplex, triplex, and fourplex transactions

D. All of the above

Rationale >> : The correct answer is C. The TREC One to Four Family Residential
Contract (Resale) covers single family, duplex, triplex, and fourplex transac-
tions.: C. Covers single family, duplex, triplex, and fourplex transactions

2. Broker's fees are:

A. Included in the One to Four Family Residential Contract (Resale) between the
Buyer and the Seller

B. Determined by writing in the Information About Brokerage Services

C. Determined by writing in the Listing Agreement




,D. Both B and C

Rationale >> :
The correct answer is C. Broker fees are agreed in the listing agree-
ment between the Seller and the Broker. The Broker has the ability to share
those fees with an agent from an outside company who works with a buyer.:

3. Fraud is:

A. A crime

B. A civil law violation

C. Both A and B

D. Only B

: The correct answer is C. Fraud can be prosecuted as a crime. Fraud
Rationale >>
charges also can go through the courts as civil law violations.:

4. Federal Fair Housing Laws forbid discriminatory practices by parties includ-

ing:

A. Owners of properties

B. Lenders

C. Real estate brokers

D. All of the above



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,Rationale m>> m: mThe mcorrect manswer mis mD. mDiscriminatory mpractices mare mNOT mallowed
in any transaction.:
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5. In a real estate transaction, the legal description is NOT:
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A. Lot and block m m




B. Metes and bounds m m




C. A street address
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D. A description of the property from a surveyor's field notes
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Rationale m>> m: mThe mcorrect manswer mis mC. mThe mlegal mdescriptions min mTexas mare: mLot
and block, and metes and bounds (sometimes also called surveyor's field
m m m m m m m m m m m



notes). A street address is NOT a legal description.:
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6. Earnest money: m




A. Constitutes the consideration m m




B. Is used to make the offer more enticing to the seller
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C. Is required in the contract
m m m m




D. Always equals 1% of the sales price
m m m m m m




: The correct answer is B. Earnest money is a gesture of good
Rationale m>> m m m m m m m m m m m m m



faith and is used to make the offer more enticing to the seller. It can be any
m m m m m m m m m m m m m m m m m



amount that the Buyer wishes to offer, and the Seller is willing to accept.:
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, 7. Chapter 531 Canons of Professional Ethics and Conduct includes::
m m m m m m m m




A. Fidelity

B. Integrity

C. Competency

D. All of the above m m m




Rationale m>> m: mThe mcorrect manswer mis mD. mFidelity, mIntegrity mand mCompetency mare mall m
m part of Canons of Professional Ethics and Conduct.:
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8. In the Buyer Agreement, Intermediary is in Paragraph 8. The paragraph is the
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m same in the Buyer Agreement and in the:
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A. Listing agreement m




B. Sales contract m




C. Inspecting report m




D. Seller's Disclosure m




Rationale m>> m: mThe mcorrect manswer mis mA. mThe mwritten magreements mthat mallow minter-




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