Promulgated Contract Forms final Exam, Most Recent Exam
2026 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ / Newest
Exam / Just Released!!
A TREC promulgated (declaration)Farm and Ranch contract
can include:
A) Buildings
B) Crops
C) Equipment
D) All of the above - ANSWER-D) All of the above
What must a Buyer's Representation Agreement have?
A) Fair Housing disclosure
B) An attachment from a mortgage company regarding buyer's
qualifications for a loan
C) A termination date
D) none of the above - ANSWER-C) A termination date
Who is designated as responsible for promptly sending a copy
of the contract to
any attorneys that are named in the
contract?
,A) The title
company
B) The
lender
C) The
broker
D) The buyer - ANSWER-C) The
broker
According to the Real Estate License Act of Texas, which one
of the following
actions is a fair and impartial act for an
Intermediary?
A) Appointing associated licensees to work with the parties
B) Appointing subagents to work with the parties
C) Agreeing to represent only the owner
D) Agreeing to represent only the buyer - ANSWER-A)
Appointing associated licensees to work with the parties
When electing to use the option paragraph of the contract, the
buyer may, within the time specified in the paragraph, do any of
the following EXCEPT:
A) Complete the repairs himself before the end of the option
period
B) Terminate the contract
C) Do nothing and proceed to closing
, D) Amend the contract waiving the right to terminate -
ANSWER-A) Complete the repairs himself before the end of
the option period
A Buyer/Tenant Representation Agreement is only available
through the Texas
Real Estate Commission
(TREC)
A)
True
B) False - ANSWER-B)
False
The financing paragraph will be used to indicate:
A) Third party
financing
B)
Assumption
C) Seller
financing
D) Any of the above - ANSWER-D) Any of
the above
Time is of the essence means that certain items in the
contract must be
performed:
2026 Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+ / Newest
Exam / Just Released!!
A TREC promulgated (declaration)Farm and Ranch contract
can include:
A) Buildings
B) Crops
C) Equipment
D) All of the above - ANSWER-D) All of the above
What must a Buyer's Representation Agreement have?
A) Fair Housing disclosure
B) An attachment from a mortgage company regarding buyer's
qualifications for a loan
C) A termination date
D) none of the above - ANSWER-C) A termination date
Who is designated as responsible for promptly sending a copy
of the contract to
any attorneys that are named in the
contract?
,A) The title
company
B) The
lender
C) The
broker
D) The buyer - ANSWER-C) The
broker
According to the Real Estate License Act of Texas, which one
of the following
actions is a fair and impartial act for an
Intermediary?
A) Appointing associated licensees to work with the parties
B) Appointing subagents to work with the parties
C) Agreeing to represent only the owner
D) Agreeing to represent only the buyer - ANSWER-A)
Appointing associated licensees to work with the parties
When electing to use the option paragraph of the contract, the
buyer may, within the time specified in the paragraph, do any of
the following EXCEPT:
A) Complete the repairs himself before the end of the option
period
B) Terminate the contract
C) Do nothing and proceed to closing
, D) Amend the contract waiving the right to terminate -
ANSWER-A) Complete the repairs himself before the end of
the option period
A Buyer/Tenant Representation Agreement is only available
through the Texas
Real Estate Commission
(TREC)
A)
True
B) False - ANSWER-B)
False
The financing paragraph will be used to indicate:
A) Third party
financing
B)
Assumption
C) Seller
financing
D) Any of the above - ANSWER-D) Any of
the above
Time is of the essence means that certain items in the
contract must be
performed:
