ACEABLE AGENT TEXAS PROMULGATED
CONTRACTS EXAM 5 MOCK TEST WITH
ANSWER RATIONALES 2026
◉ VOIDABLE.
Answer: When one or more of the parties has the authority to
rescind the contract. It appears to be valid, but one party may
disaffirm because they are a minor, were subject to duress, or a
victim of fraud or misrepresentation.
◉ STATUTE OF FRAUDS.
Answer: A law that requires real estate contracts be in writing is the
______________________?
◉ PAROLE EVIDENCE RULE.
Answer: Prevents a party to a written contract from presenting
additional evidence that adds to the written terms of the contract.
◉ VOID.
Answer: If 2 people have a legal contract for one party to sell illegal
drugs to the other party, this contract would be _______________?
◉ EARNEST MONEY.
,Answer: Paragraph 5 in a sales contract?
◉ OPTION MONEY.
Answer: Paragraph 23 in a sales contract?
◉ DOCTRINE OF LACHES.
Answer: Legal loss of a right with the thought that "if you don't use
it, you lose it."
◉ EFFECTIVE DATE.
Answer: A written contract has been accepted, signed, and
communicated to the other party.
◉ PAROLE EVIDENCE RULE.
Answer: Prevents a party to a written contract from presenting
additional evidence that adds to the written
◉ PAROLE EVIDENCE RULE.
Answer: Prevents a party
◉ LICENSE ACT.
Answer: If a licensed agent uses an old promulgated TREC form,
what is this in violation of?
, ◉ PARAGRAPH 2D EXCLUSIONS.
Answer: If a seller does not want to leave a chandelier where should
they put this information in the 1-4 Family Residential Contract?
◉ NON-REALTY ITEMS ADDENDUM.
Answer: What addendum can you attach to the sales contract if your
client wishes to have additional personal property to stay with the
property (that is not listed in Paragraph 2B or 2C)?
◉ LTV RATIO.
Answer: Loan to value ratio that represents how much of the sales
price is covered by the mortgage loan.
◉ RECOURSE LOAN.
Answer: Loan in which the lender is allowed to seize the collateral
property and could go after the borrower's other assets if the sale of
the property doesn't cover the whole amount owed to the lender.
◉ SEND A WRITTEN DEMAND TO THE TITLE CO.
Answer: After a real estate transaction fails, both parties can't agree
who gets the earnest money, what should a buyer's agent do?
◉ SELLER.
CONTRACTS EXAM 5 MOCK TEST WITH
ANSWER RATIONALES 2026
◉ VOIDABLE.
Answer: When one or more of the parties has the authority to
rescind the contract. It appears to be valid, but one party may
disaffirm because they are a minor, were subject to duress, or a
victim of fraud or misrepresentation.
◉ STATUTE OF FRAUDS.
Answer: A law that requires real estate contracts be in writing is the
______________________?
◉ PAROLE EVIDENCE RULE.
Answer: Prevents a party to a written contract from presenting
additional evidence that adds to the written terms of the contract.
◉ VOID.
Answer: If 2 people have a legal contract for one party to sell illegal
drugs to the other party, this contract would be _______________?
◉ EARNEST MONEY.
,Answer: Paragraph 5 in a sales contract?
◉ OPTION MONEY.
Answer: Paragraph 23 in a sales contract?
◉ DOCTRINE OF LACHES.
Answer: Legal loss of a right with the thought that "if you don't use
it, you lose it."
◉ EFFECTIVE DATE.
Answer: A written contract has been accepted, signed, and
communicated to the other party.
◉ PAROLE EVIDENCE RULE.
Answer: Prevents a party to a written contract from presenting
additional evidence that adds to the written
◉ PAROLE EVIDENCE RULE.
Answer: Prevents a party
◉ LICENSE ACT.
Answer: If a licensed agent uses an old promulgated TREC form,
what is this in violation of?
, ◉ PARAGRAPH 2D EXCLUSIONS.
Answer: If a seller does not want to leave a chandelier where should
they put this information in the 1-4 Family Residential Contract?
◉ NON-REALTY ITEMS ADDENDUM.
Answer: What addendum can you attach to the sales contract if your
client wishes to have additional personal property to stay with the
property (that is not listed in Paragraph 2B or 2C)?
◉ LTV RATIO.
Answer: Loan to value ratio that represents how much of the sales
price is covered by the mortgage loan.
◉ RECOURSE LOAN.
Answer: Loan in which the lender is allowed to seize the collateral
property and could go after the borrower's other assets if the sale of
the property doesn't cover the whole amount owed to the lender.
◉ SEND A WRITTEN DEMAND TO THE TITLE CO.
Answer: After a real estate transaction fails, both parties can't agree
who gets the earnest money, what should a buyer's agent do?
◉ SELLER.
