LAW OF CONTRACTS PRACTICE EXAM CHAMPION-FINAL EXAM| - ACTUAL
EXAM-LATEST UPDATE 2025 | COMPLETE QUESTIONS WITH CORRECT
DETAILED AND VERIFIED ANSWERS | RATED 100% CORRECT!! ALREADY
GRADED A+ | GUARANTEED PASS!!
In ______the Texas Real Estate Commission was established to administer and enforce the
TRELA.
a. 1939
b. 1929
c. 1949
d. 1993 - (answers)c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 - (answers)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 - (answers)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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(b) drafted by the Broker
Lawyer Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(b) Improvements
Another name for personal property is _______.
(a) Furniture
(b) Fixutre
(c) Subsurface rights
(d) Personalty - (answers)(d) Personalty
EXAM-LATEST UPDATE 2025 | COMPLETE QUESTIONS WITH CORRECT
DETAILED AND VERIFIED ANSWERS | RATED 100% CORRECT!! ALREADY
GRADED A+ | GUARANTEED PASS!!
In ______the Texas Real Estate Commission was established to administer and enforce the
TRELA.
a. 1939
b. 1929
c. 1949
d. 1993 - (answers)c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4 - (answers)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 - (answers)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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(b) drafted by the Broker
Lawyer Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(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 - (answers)(b) Improvements
Another name for personal property is _______.
(a) Furniture
(b) Fixutre
(c) Subsurface rights
(d) Personalty - (answers)(d) Personalty
