TEXAS PROMULGATED CONTRACTS ACTUAL
EXAM PAPER 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
◉ The Buyer and Seller Temporary Residential Lease forms are good
for any period up to:
(a) 14 days
(b) 30 days
(c) 60 days
(d) 90 days. Answer: D
◉ If a seller wants to continue to occupy the property for two days
after the closing and the buyer agrees:
(a) This can be written into the special provisions paragraph of the
contract
,(b) The buyer and seller should negotiate a periodic tenancy
agreement
(c) The Seller's Temporary Residential Lease form should be used
(d) The TAR Residential Lease form should be used. Answer: C
◉ When one party defaults under a contract, the other party is
known as the:
(a) Breaching party
(b) Injured party
(c) Party to the suit
(d) Liable party. Answer: B
◉ The State of Texas encourages the parties to resolve all conflicts
and disputes through alternative dispute resolution procedures such
as:
(a) Arbitration
,(b) Going to court
(c) Mediation
(d) Termination of the contract. Answer: C
◉ IRS statutes require a buyer to:
(a) Purchase property only from U.S. citizens
(b) Withhold 20% of the price from a foreign seller of U.S. property
(c) Withhold 10% of the sale proceeds in excess of $300,000 when a
foreign person has no social security card or green card
(d) None of the above. Answer: C
◉ All written notices between the parties are effective when:
(a) Mailed
, (b) Hand-delivered
(c) Faxed or emailed
(d) Any of the above. Answer: D
◉ When should a licensee advise a party to a contract to consult an
attorney?
(a) At first contact with the client
(b) Before signing the contract if the client does not understand the
effect of signing the sales contract or the terms or conditions in the
agreement
(c) After the contract has been signed by all parties if the party does
not understand the contract
(d) A licensee should never advise a client to consult an attorney.
Answer: B
◉ Who is responsible for filling in the effective date of the contract?
EXAM PAPER 2026 FULL QUESTIONS AND
CORRECT ANSWERS ALREADY PASSED
◉ The Buyer and Seller Temporary Residential Lease forms are good
for any period up to:
(a) 14 days
(b) 30 days
(c) 60 days
(d) 90 days. Answer: D
◉ If a seller wants to continue to occupy the property for two days
after the closing and the buyer agrees:
(a) This can be written into the special provisions paragraph of the
contract
,(b) The buyer and seller should negotiate a periodic tenancy
agreement
(c) The Seller's Temporary Residential Lease form should be used
(d) The TAR Residential Lease form should be used. Answer: C
◉ When one party defaults under a contract, the other party is
known as the:
(a) Breaching party
(b) Injured party
(c) Party to the suit
(d) Liable party. Answer: B
◉ The State of Texas encourages the parties to resolve all conflicts
and disputes through alternative dispute resolution procedures such
as:
(a) Arbitration
,(b) Going to court
(c) Mediation
(d) Termination of the contract. Answer: C
◉ IRS statutes require a buyer to:
(a) Purchase property only from U.S. citizens
(b) Withhold 20% of the price from a foreign seller of U.S. property
(c) Withhold 10% of the sale proceeds in excess of $300,000 when a
foreign person has no social security card or green card
(d) None of the above. Answer: C
◉ All written notices between the parties are effective when:
(a) Mailed
, (b) Hand-delivered
(c) Faxed or emailed
(d) Any of the above. Answer: D
◉ When should a licensee advise a party to a contract to consult an
attorney?
(a) At first contact with the client
(b) Before signing the contract if the client does not understand the
effect of signing the sales contract or the terms or conditions in the
agreement
(c) After the contract has been signed by all parties if the party does
not understand the contract
(d) A licensee should never advise a client to consult an attorney.
Answer: B
◉ Who is responsible for filling in the effective date of the contract?
