Law Of Contracts Exam Champions - Accurate Solutions
For All Questions
In ______the Texas Real Estate Commission was established to administer and
enforce the TRELA.
a. 1939
b. 1929
c. 1949
d. 1993 Correct Answer - c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 Correct Answer - 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 Correct Answer - 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 Correct Answer - (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 Correct Answer - (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 Correct Answer - (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 Correct Answer - (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 Correct Answer -
(b) drafted by the Broker Lawyer Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures Correct Answer - (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 Correct Answer - (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 Correct Answer - (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 Correct Answer - (d) Certificate of
Mold Remediation
The rights that extend above the surface of land without limitation are known
as ______ rights.
(a) improvement
(b) subsurface
(c) surface
(d) air Correct Answer - (d) air
______ are man-made additions to the land that are permanent and considered
to become part of the land.
(a) Surface rights
(b) Improvements
(c) Fixtures
(d) Personal properties Correct Answer - (b) Improvements
Another name for personal property is _______.
(a) Furniture
For All Questions
In ______the Texas Real Estate Commission was established to administer and
enforce the TRELA.
a. 1939
b. 1929
c. 1949
d. 1993 Correct Answer - c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 Correct Answer - 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 Correct Answer - 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 Correct Answer - (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 Correct Answer - (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 Correct Answer - (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 Correct Answer - (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 Correct Answer -
(b) drafted by the Broker Lawyer Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures Correct Answer - (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 Correct Answer - (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 Correct Answer - (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 Correct Answer - (d) Certificate of
Mold Remediation
The rights that extend above the surface of land without limitation are known
as ______ rights.
(a) improvement
(b) subsurface
(c) surface
(d) air Correct Answer - (d) air
______ are man-made additions to the land that are permanent and considered
to become part of the land.
(a) Surface rights
(b) Improvements
(c) Fixtures
(d) Personal properties Correct Answer - (b) Improvements
Another name for personal property is _______.
(a) Furniture
