Law of Contracts Exam multiple choice 2024 Questions with 100% Correct Answers | Verified | Latest Update

1. Which of the following is a requirement for a Texas real estate sales agent license? a. College degree b. 30 hours of Real Estate Principles Only c. Showing competency by passing the licensing exam d. Must be Texan by birth ANS C. Showing competency by passing the licensing exam 2. An active sales agent license may only be issued under . a. Court order b. The sponsorship of a licensed broker c. The supervision of a fellow sales agent d. The Deceptive Trade Practices Act ANS B. The sponsprship of a licensed broker 3. A license holder must not prepare which of the following documents? a. Option agreements b. Title commitments c. Wills d. A license holder must not prepare any of these documents ANS D. a license holder must not prepare any of these documents 4. Todd planted two live oaks and four magnolia trees on his 3-acre property. These trees are examples of . a. Improvements b. Emblements c. Fixtures d. Personal property ANS A. Improvements