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LAW OF CONTRACTS CHAMPIONS TEST 2026 STUDY MATERIAL QUESTIONS AND VERIFIED CORRECT ANSWERS 100% PASS

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LAW OF CONTRACTS CHAMPIONS TEST 2026 STUDY MATERIAL QUESTIONS AND VERIFIED CORRECT ANSWERS 100% PASS

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LAW OF CONTRACTS CHAMPIONS
TEST 2026 STUDY MATERIAL
QUESTIONS AND VERIFIED
CORRECT ANSWERS 100% PASS
'1101' laws are associated with...
TRELA




'535' laws are associated with...
TREC




TRELA was established in...
1939




TREC was established in...
1949




The Real Estate Recovery Trust Account is used to...
Protect aggrieved individuals who suffer a monetary loss due to illegals acts of
license holders.

,The maximum amount per transaction for Real Estate Recovery is...
$50,000




The maximum amount on behalf of any one license holder is...
$100,000




Promulgated forms means...
To make known by open declaration; publish.




The Texas Real Estate Broker-Lawyer Committee consists of...
13 members.




Of the 13 Lawyer-Broker Committee members, how many are appointed by
TREC?
6




Of the 13 Lawyer-Broker Committee members, how many are members from the
State Bar of Texas?
6

, How many public members are appointed to the Lawyer-Broker Committee?
1




A licensed agent may not give this type of advice...
Legal.




How many types of promulgated lease forms does TREC provide?
2




What are the names of the promulgated lease forms?
Buyer's and Seller's Temporary Residential Lease




This gives the tenant the right to purchase the leased property by matching or
bettering any offer before the property will be sold to someone else.
Right of First Refusal.




A residential lease may contain a Right of...
First Refusal.

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