351 Promulgated Contract Forms Exam 5
Review | Questions, Answers &
Explanations | 2026/2027
Use of the TREC promulgated One to Four...
a. is allowed on the sale of a residential co..
b. can be used for a vacant residential lot..
c. covers single family, duplex, triplex, and
d. all the above - correct answer-c. covers single family, duplex...
Broker's fees are:
a. included in the One to Four Family Residential Contract (Resale) between the
Buyer and the Seller
b. determined by writing in the Buyer/Tenant agreement
c. determined by writing in the Listing Agreement
d. both B & C - correct answer-c.
Fraud is:
a. a crime
,b. a civil law violation
c. both a & b
d. only b - correct answer-c. both a & b
Federal Fair Housing Laws forbid discriminatory practices by parties including:
a. owners of properties
b. lenders
c. real estate brokers
d. all the above - correct answer-d. all the above
A contract is described as:
a. mutually binding
b. legally enforceable
c. an agreement between two or more parties to do or not to do something
d. all the above - correct answer-d. all the above ? or c.
In a real estate transaction, the legal description is NOT:
a. lot and block
b. metes & bounds
c. a street address
d. a description of the property from a surveyor's field notes - correct answer-c.
street address
, Earnest money:
a. constitutes the consideration
b. is used to make the offer more enticing to the seller
c. is required in the contract
d. always equals 1% of the sales price - correct answer-b. is used to make the
offer more e to the seller
Chapter 531 Canons of Professional Ethics & Conduct includes:
a. fidelity
b. integrity
c. competency
d. all the above - correct answer-d. all the above
In the Buyer Agreement, Intermediary is in Paragraph 8. The paragraph is the
same in the Buyer Agreement and in the:
a. listing agreement
b. sales contract
c. inspecting report
d. seller's disclosure - correct answer-
A broker may not disclose any confidential info unless:
Review | Questions, Answers &
Explanations | 2026/2027
Use of the TREC promulgated One to Four...
a. is allowed on the sale of a residential co..
b. can be used for a vacant residential lot..
c. covers single family, duplex, triplex, and
d. all the above - correct answer-c. covers single family, duplex...
Broker's fees are:
a. included in the One to Four Family Residential Contract (Resale) between the
Buyer and the Seller
b. determined by writing in the Buyer/Tenant agreement
c. determined by writing in the Listing Agreement
d. both B & C - correct answer-c.
Fraud is:
a. a crime
,b. a civil law violation
c. both a & b
d. only b - correct answer-c. both a & b
Federal Fair Housing Laws forbid discriminatory practices by parties including:
a. owners of properties
b. lenders
c. real estate brokers
d. all the above - correct answer-d. all the above
A contract is described as:
a. mutually binding
b. legally enforceable
c. an agreement between two or more parties to do or not to do something
d. all the above - correct answer-d. all the above ? or c.
In a real estate transaction, the legal description is NOT:
a. lot and block
b. metes & bounds
c. a street address
d. a description of the property from a surveyor's field notes - correct answer-c.
street address
, Earnest money:
a. constitutes the consideration
b. is used to make the offer more enticing to the seller
c. is required in the contract
d. always equals 1% of the sales price - correct answer-b. is used to make the
offer more e to the seller
Chapter 531 Canons of Professional Ethics & Conduct includes:
a. fidelity
b. integrity
c. competency
d. all the above - correct answer-d. all the above
In the Buyer Agreement, Intermediary is in Paragraph 8. The paragraph is the
same in the Buyer Agreement and in the:
a. listing agreement
b. sales contract
c. inspecting report
d. seller's disclosure - correct answer-
A broker may not disclose any confidential info unless:
