LAW OF CONTRACTS Practice Exam 2026 Question
and Answer | Complete Exam Prep Using Previously
Tested Content
• TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 -✓✓b. 2
• In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b -✓✓d. both a and b
• Which of the following can result in a license revocation or suspension by TREC?
(a) Failure to use TRECs promulgated forms
(b) Failure to use a form written by an attorney
(c) Failure to use a form required by a party
(d) all of the above -✓✓(d) all of the above
• Which of the following does TREC have promulgated sales contract forms for?
(a) Lease purchase
(b) Right of First Refusal
(c) Lease option
(d) Homes and condos -✓✓(d) Homes and condos
• If a client is interested in a lease with an option to purchase or a right of first refusal,
the assistance of a(n)_________ is required.
(a) Attorney
(b) Broker
(c) TREC Representative
(d) Subagent -✓✓(a) Attorney
• The State of Texas requires that most sellers of residential property provide a _______
whether or not the seller has ever occupied the property.
(a) Amendment to Contract
, (b) Seller's Temporary Residential Lease
(c) Seller's Disclosure
(d) Seller Financing Addendum -✓✓(c) Seller's Disclosure
• TREC's residential contract forms, ______, are mandatory for license holders, with few
exceptions.
(a) for optional use by real estate license holders
(b) drafted by the Broker Lawyer Committee
(c) promulgated by the Broker Lawyer Committee
(d) mandatory for all real estate transactions in Texas -✓✓(b) drafted by the Broker
Lawyer Committee
• Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures -✓✓(c) Goods
• The _______ statute provides that the sender's message must contain clear and
conspicuous notice that the message is an advertisement or solicitation..
(a) CAN-SPAM
(b) Interstate Land Sales Full Disclosure Act
(c) Do Not Call
(d) Junk Fax Prevention Act -✓✓(a) CAN-SPAM
• A ________ is a possible polluter who may be held liable under CERCLA for the
contamination of a property or resource.
(a) Safe Harbor
(b) EBR
(c) PRP
(d) TMARR -✓✓(c) PRP
• If you hire a mold remediator he must give you _______ no later than 10 days after
work is complete.
(a) Dept. of State and Health Services Agreement
(b) Texas Property Code receipt
(c) EPA Certificate
(d) Certificate of Mold Remediation -✓✓(d) Certificate of Mold Remediation
• The rights that extend above the surface of land without limitation are known as
______ rights.
and Answer | Complete Exam Prep Using Previously
Tested Content
• TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 -✓✓b. 2
• In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b -✓✓d. both a and b
• Which of the following can result in a license revocation or suspension by TREC?
(a) Failure to use TRECs promulgated forms
(b) Failure to use a form written by an attorney
(c) Failure to use a form required by a party
(d) all of the above -✓✓(d) all of the above
• Which of the following does TREC have promulgated sales contract forms for?
(a) Lease purchase
(b) Right of First Refusal
(c) Lease option
(d) Homes and condos -✓✓(d) Homes and condos
• If a client is interested in a lease with an option to purchase or a right of first refusal,
the assistance of a(n)_________ is required.
(a) Attorney
(b) Broker
(c) TREC Representative
(d) Subagent -✓✓(a) Attorney
• The State of Texas requires that most sellers of residential property provide a _______
whether or not the seller has ever occupied the property.
(a) Amendment to Contract
, (b) Seller's Temporary Residential Lease
(c) Seller's Disclosure
(d) Seller Financing Addendum -✓✓(c) Seller's Disclosure
• TREC's residential contract forms, ______, are mandatory for license holders, with few
exceptions.
(a) for optional use by real estate license holders
(b) drafted by the Broker Lawyer Committee
(c) promulgated by the Broker Lawyer Committee
(d) mandatory for all real estate transactions in Texas -✓✓(b) drafted by the Broker
Lawyer Committee
• Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures -✓✓(c) Goods
• The _______ statute provides that the sender's message must contain clear and
conspicuous notice that the message is an advertisement or solicitation..
(a) CAN-SPAM
(b) Interstate Land Sales Full Disclosure Act
(c) Do Not Call
(d) Junk Fax Prevention Act -✓✓(a) CAN-SPAM
• A ________ is a possible polluter who may be held liable under CERCLA for the
contamination of a property or resource.
(a) Safe Harbor
(b) EBR
(c) PRP
(d) TMARR -✓✓(c) PRP
• If you hire a mold remediator he must give you _______ no later than 10 days after
work is complete.
(a) Dept. of State and Health Services Agreement
(b) Texas Property Code receipt
(c) EPA Certificate
(d) Certificate of Mold Remediation -✓✓(d) Certificate of Mold Remediation
• The rights that extend above the surface of land without limitation are known as
______ rights.
