2/16/25, 6:37 PM Promulgated Forms 2025 update|comprehensive questions and verified answers (complete solutions) A+ GRADE!! Flashcards…
Promulgated Forms 2025
update|comprehensive questions and verified
answers (complete solutions) A+ GRADE!!
Save
Terms in this set (271)
A buyer promises to pay the buyer will not have the unrestricted right to
an option fee of $500 terminate the contract.
within three days of
execution under
paragraph 23 of the TREC
One to Four Family
Residential Contract to
purchase a 12-day option
to terminate. What
happens if the buyer pays
half of the fee up front
and half four days after
execution?
A buyer wishes to make She should purchase an option to terminate under
an offer on a house but paragraph 23.
wants to ensure that she
has time to ensure that
the foundation is sound.
What should she do
using the TREC One to
Four Family Residential
Contract?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 1/67
,2/16/25, 6:37 PM Promulgated Forms 2025 update|comprehensive questions and verified answers (complete solutions) A+ GRADE!! Flashcards…
A buyer promises to pay The buyer will not have the unrestricted right to
an option fee of $100 terminate the contract.
within three days of
execution under
paragraph 23 of the TREC
One to Four Family
Residential Contract to
purchase a 10-day option
to terminate. What
happens if the buyer fails
to pay the fee?
What can happen if a The paragraph will not be a part of the contract.
buyer fails to pay for an
option fee within three
days of execution of a
contract under
paragraph 23 of the TREC
One to Four Family
Residential Contract?
A buyer pays an option The buyer will not have the unrestricted right to
fee of $25 under terminate the contract.
paragraph 23 of the TREC
One to Four Family
Residential Contract to
purchase a 10 day option
to terminate. What
happens if the buyer fails
to terminate by the 10th
day?
What happens if no The paragraph is not part of the contract.
dollar amount is inserted
in paragraph 23 of the
TREC One to Four Family
Residential Contract but
the time period is filled in
as 10 days?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 2/67
,2/16/25, 6:37 PM Promulgated Forms 2025 update|comprehensive questions and verified answers (complete solutions) A+ GRADE!! Flashcards…
In the Earnest Money gives the parties the option to negotiate for the
paragraph, the One to buyer to pay the earnest money in two installments.
Four Family Residential
Contract
What happens to the The earnest money is refunded to the buyer.
earnest money if the
buyer terminates within
the option period under
paragraph 23 of the TREC
One to Four Family
Residential Contract?
Under paragraph 7 of the Neither buyer nor seller
One to Four Family
Residential Contract, who
is required to pay for
lender required repairs?
Who receives the earnest Buyer
money if the buyer
terminates the contract
because of lender
required repairs under
the One to Four Family
Residential Contract?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 3/67
, 2/16/25, 6:37 PM Promulgated Forms 2025 update|comprehensive questions and verified answers (complete solutions) A+ GRADE!! Flashcards…
A buyer and seller agree the buyer may not terminate the contract
that buyer will buy the
seller's home for
$475,000 with no option
to terminate using the
TREC One to Four Family
Residential Contract. The
lender requires the roof
to be replaced, the
perimeter to be treated
for termites, and the
stucco on the back of the
house to be repaired. The
roof will cost $10,000, the
termite treatment will
cost $1,800, and the
stucco repair is estimated
to cost $8,000. Seller
agrees to pay for
everything. What are the
buyer's options?
What happens under Buyer may terminate the contract and the earnest
paragraph 7E of the money will be refunded to buyer.
TREC One to Four Family
Residential Contract if the
cost of lender required
repairs and treatments
exceeds 5% of the sales
price?
Under the One to Four List it as an objection under paragraph 6D
Family Residential
Contract, what should
the buyer do if she wants
to park her boat in the
driveway of the home
she wants to purchase
and is concerned about
deed restrictions?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 4/67
Promulgated Forms 2025
update|comprehensive questions and verified
answers (complete solutions) A+ GRADE!!
Save
Terms in this set (271)
A buyer promises to pay the buyer will not have the unrestricted right to
an option fee of $500 terminate the contract.
within three days of
execution under
paragraph 23 of the TREC
One to Four Family
Residential Contract to
purchase a 12-day option
to terminate. What
happens if the buyer pays
half of the fee up front
and half four days after
execution?
A buyer wishes to make She should purchase an option to terminate under
an offer on a house but paragraph 23.
wants to ensure that she
has time to ensure that
the foundation is sound.
What should she do
using the TREC One to
Four Family Residential
Contract?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 1/67
,2/16/25, 6:37 PM Promulgated Forms 2025 update|comprehensive questions and verified answers (complete solutions) A+ GRADE!! Flashcards…
A buyer promises to pay The buyer will not have the unrestricted right to
an option fee of $100 terminate the contract.
within three days of
execution under
paragraph 23 of the TREC
One to Four Family
Residential Contract to
purchase a 10-day option
to terminate. What
happens if the buyer fails
to pay the fee?
What can happen if a The paragraph will not be a part of the contract.
buyer fails to pay for an
option fee within three
days of execution of a
contract under
paragraph 23 of the TREC
One to Four Family
Residential Contract?
A buyer pays an option The buyer will not have the unrestricted right to
fee of $25 under terminate the contract.
paragraph 23 of the TREC
One to Four Family
Residential Contract to
purchase a 10 day option
to terminate. What
happens if the buyer fails
to terminate by the 10th
day?
What happens if no The paragraph is not part of the contract.
dollar amount is inserted
in paragraph 23 of the
TREC One to Four Family
Residential Contract but
the time period is filled in
as 10 days?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 2/67
,2/16/25, 6:37 PM Promulgated Forms 2025 update|comprehensive questions and verified answers (complete solutions) A+ GRADE!! Flashcards…
In the Earnest Money gives the parties the option to negotiate for the
paragraph, the One to buyer to pay the earnest money in two installments.
Four Family Residential
Contract
What happens to the The earnest money is refunded to the buyer.
earnest money if the
buyer terminates within
the option period under
paragraph 23 of the TREC
One to Four Family
Residential Contract?
Under paragraph 7 of the Neither buyer nor seller
One to Four Family
Residential Contract, who
is required to pay for
lender required repairs?
Who receives the earnest Buyer
money if the buyer
terminates the contract
because of lender
required repairs under
the One to Four Family
Residential Contract?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 3/67
, 2/16/25, 6:37 PM Promulgated Forms 2025 update|comprehensive questions and verified answers (complete solutions) A+ GRADE!! Flashcards…
A buyer and seller agree the buyer may not terminate the contract
that buyer will buy the
seller's home for
$475,000 with no option
to terminate using the
TREC One to Four Family
Residential Contract. The
lender requires the roof
to be replaced, the
perimeter to be treated
for termites, and the
stucco on the back of the
house to be repaired. The
roof will cost $10,000, the
termite treatment will
cost $1,800, and the
stucco repair is estimated
to cost $8,000. Seller
agrees to pay for
everything. What are the
buyer's options?
What happens under Buyer may terminate the contract and the earnest
paragraph 7E of the money will be refunded to buyer.
TREC One to Four Family
Residential Contract if the
cost of lender required
repairs and treatments
exceeds 5% of the sales
price?
Under the One to Four List it as an objection under paragraph 6D
Family Residential
Contract, what should
the buyer do if she wants
to park her boat in the
driveway of the home
she wants to purchase
and is concerned about
deed restrictions?
https://quizlet.com/1006539390/promulgated-forms-2025-updatecomprehensive-questions-and-verified-answers-complete-solutions-a-grade-flas… 4/67
