Law of Contracts Practice Exam Champions 2018 Correct 100%

In ______the Texas Real Estate Commission was established to administer and enforce the TRELA. a. 1939 b. 1929 c. 1949 d. 1993 - ANSWER c. 1949 TREC has only _______ promulgated lease forms. a. 1 b. 2 c. 3 d. 4 - ANSWER b. 2 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 - ANSWER d. both a and b 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 (d) all of the above - ANSWER (d) all of the above Which of the following does TREC have promulgated sales contract forms for? (a) Lease purchase (b) Right of First Refusal (c) Lease option (d) Homes and condos - ANSWER (d) Homes and condos The rights that extend above the surface of land without limitation are known as ______ rights. (a) improvement