Texas Pre-License - Promulgated Contracts | Texas Pre- License - Promulgated
Contracts Challenge Questions (167 Terms) with Correct Answers 2025
Terms in this set (133)
In Paragraph 6C of the One to Four A. three
contract, the parties negotiate the
number of days the seller has to
give the buyer an existing survey
and the T-47 form.
However, if the seller fails to
furnish the existing survey or T-47
within that agreed- upon number
of days, the buyer will obtain a
new survey at the seller's
expense. This
occurs no later than how many
days prior to closing?
A. three
B. 10
C. seven
D. five
,Which of these is NOT true about a A. The buyer/landlord has no recourse if the seller/tenant overstays.
Seller's Temporary Residential
Lease?
A. The buyer/landlord has no
recourse if the seller/tenant
overstays.
B. It's only for sellers who need to
stay 90 days or less.
C. The rent for the property is
due at closing.
D. The seller/tenant remains
responsible for the utilities.
What is the purpose of TREC form C. It advises the buyer that they must have the abstract examined by
OP-C Notice to Prospective an attorney or obtain a policy of title insurance.
Buyer?
A. It reminds the buyer of their
responsibility to obtain homeowners
insurance.
B. It is an addendum to TREC
form OP-B Notice to
Prospective Buyer.
C. It advises the buyer that they
must have the abstract
examined by an attorney or
obtain a policy of title
insurance.
D. It informs the buyer of any
environmental hazards possibly
,contained in the property.
In the One to Four Family Residential D. This states the parties' contact information for delivery of notices.
contract, what does Paragraph 21:
Notices provide information
about?
A. This states what addenda
have been added to the
contract.
B. This states what people the
parties to the contract want to be
notified upon its
completion.
C. This states what lending
institutions need to be notified of
the acceptance of the
contract.
D. This states the parties'
contact information for
delivery of notices.
, When both parties mutually agree A. the title company
to terminate a contract, who
provides the appropriate form?
A. the title company
B. TREC
C. TR
D. the broker representing the seller
Which broker fills in the effective A. the first broker to touch the contract once all the parties have signed
date of a contract?
A. the first broker to touch the
contract once all the parties
have signed
B. the listing broker
C. the buyer's broker
D. the broker whose client
signed the contract first
Which of these must the broker D. Lead-Based Paint Addendum
maintain a copy of for three years
following a sale?
A. Seller's Disclosure
B. listing agreement
C. copy of the earnest money check
D. Lead-Based Paint Addendum
Contracts Challenge Questions (167 Terms) with Correct Answers 2025
Terms in this set (133)
In Paragraph 6C of the One to Four A. three
contract, the parties negotiate the
number of days the seller has to
give the buyer an existing survey
and the T-47 form.
However, if the seller fails to
furnish the existing survey or T-47
within that agreed- upon number
of days, the buyer will obtain a
new survey at the seller's
expense. This
occurs no later than how many
days prior to closing?
A. three
B. 10
C. seven
D. five
,Which of these is NOT true about a A. The buyer/landlord has no recourse if the seller/tenant overstays.
Seller's Temporary Residential
Lease?
A. The buyer/landlord has no
recourse if the seller/tenant
overstays.
B. It's only for sellers who need to
stay 90 days or less.
C. The rent for the property is
due at closing.
D. The seller/tenant remains
responsible for the utilities.
What is the purpose of TREC form C. It advises the buyer that they must have the abstract examined by
OP-C Notice to Prospective an attorney or obtain a policy of title insurance.
Buyer?
A. It reminds the buyer of their
responsibility to obtain homeowners
insurance.
B. It is an addendum to TREC
form OP-B Notice to
Prospective Buyer.
C. It advises the buyer that they
must have the abstract
examined by an attorney or
obtain a policy of title
insurance.
D. It informs the buyer of any
environmental hazards possibly
,contained in the property.
In the One to Four Family Residential D. This states the parties' contact information for delivery of notices.
contract, what does Paragraph 21:
Notices provide information
about?
A. This states what addenda
have been added to the
contract.
B. This states what people the
parties to the contract want to be
notified upon its
completion.
C. This states what lending
institutions need to be notified of
the acceptance of the
contract.
D. This states the parties'
contact information for
delivery of notices.
, When both parties mutually agree A. the title company
to terminate a contract, who
provides the appropriate form?
A. the title company
B. TREC
C. TR
D. the broker representing the seller
Which broker fills in the effective A. the first broker to touch the contract once all the parties have signed
date of a contract?
A. the first broker to touch the
contract once all the parties
have signed
B. the listing broker
C. the buyer's broker
D. the broker whose client
signed the contract first
Which of these must the broker D. Lead-Based Paint Addendum
maintain a copy of for three years
following a sale?
A. Seller's Disclosure
B. listing agreement
C. copy of the earnest money check
D. Lead-Based Paint Addendum
