ACEABLE AGENT TEXAS PROMULGATED
CONTRACTS UPDATED ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS
◉ Voidable
Answer: can be terminated or rescinded by either party
◉ Real property refers to the land and improvements on it plus
the set of rights associated with real estate ownership.
Answer: land, and improvements on it plus the set of rights
associated with real estate ownership
◉ Sponsoring Broker
Answer: Sales agents accept commission from
◉ Counteroffer
Answer: party makes changes to an offer and represents the new
offer
◉ Uniqueness
Answer: no two tracts of land are the same
, ◉ Special Agency
Answer: Broker signs listing agreement with seller
◉ Lot and Block
Answer: Plat, Oak Grove, Block 600, Lot 5, Dallas County, TX
◉ Fair Housing
Answer: the Department of Housing and Urban Development,
commonly referred to as HUD, enforces the
◉ What consequences could a broker suffer if a court concludes
they knowingly and intentionally conveyed incomplete or false
information to a customer?
Answer: If they are found to be knowingly and intentionally at
fault, they may be punished with Treble damages for both
economic damages and mental anguish.
◉ grounds for disciplinary action, including revocation or
suspension of a license, EXCEPT
Answer: Asking buyers to provide their own transportation to
inspect a property
◉ Condo
Answer: An owner lives in a single family dwelling but only owns
the building. The homeowner's association owns and maintains
CONTRACTS UPDATED ACTUAL EXAM
QUESTIONS AND CORRECT ANSWERS
◉ Voidable
Answer: can be terminated or rescinded by either party
◉ Real property refers to the land and improvements on it plus
the set of rights associated with real estate ownership.
Answer: land, and improvements on it plus the set of rights
associated with real estate ownership
◉ Sponsoring Broker
Answer: Sales agents accept commission from
◉ Counteroffer
Answer: party makes changes to an offer and represents the new
offer
◉ Uniqueness
Answer: no two tracts of land are the same
, ◉ Special Agency
Answer: Broker signs listing agreement with seller
◉ Lot and Block
Answer: Plat, Oak Grove, Block 600, Lot 5, Dallas County, TX
◉ Fair Housing
Answer: the Department of Housing and Urban Development,
commonly referred to as HUD, enforces the
◉ What consequences could a broker suffer if a court concludes
they knowingly and intentionally conveyed incomplete or false
information to a customer?
Answer: If they are found to be knowingly and intentionally at
fault, they may be punished with Treble damages for both
economic damages and mental anguish.
◉ grounds for disciplinary action, including revocation or
suspension of a license, EXCEPT
Answer: Asking buyers to provide their own transportation to
inspect a property
◉ Condo
Answer: An owner lives in a single family dwelling but only owns
the building. The homeowner's association owns and maintains
