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Law of Contracts Practice Exam Champions 2024 Questions with 100% Correct Answers | Verified | Latest Update

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1. In the Texas Real Estate Commission was established to administer and enforce the TRELA. a. 1939 b. 1929 c. 1949 d. 1993 ANS c. 1949 2. TREC has only promulgated lease forms. a. 1 b. 2 c. 3 d. 4 ANS b. 2 3. In the TAR Seller's Disclosure the seller should . a. prepare the disclosure when the listing is taken b. be the only one completing this form or any part of it c. none of the above d. both a and b ANS d. both a and b 4. Which of the following can result in a license revocation or suspension by TREC? (a) Failure to use TRECs promulgated forms (b) Failure to use a form written by an attorney (c) Failure to use a form required by a party all of the above ANS (d) all of the above

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