Promulgated contracts Questions and
Answers
When a buyer move in before closing, Correct Ans-The buyers residential lease must be used
An example of buyer's closing costs Correct Ans-Are an appraisal fee
Ownership of a condo involved air spa ice within the unit Correct Ans-And shares ownership
of common facilities
The farm and ranch contract calls for metes and bounds legal description Correct Ans-Rather
than recorded plat
The farm and ranch contract allows the Correct Ans-Sales price to be adjusted based on the
survey
The one to four family residential contract Correct Ans-Does not discuss the possibility of
rollback taxes
The unimproved property contract does not Correct Ans-Have a section on improvements,
accessories, or fixtures
, The addendum for sale of other property by buyer must be used Correct Ans-If the buyer
needs to sell his or her existing property before closing on another
The addendum for sale of other property by buyer creates a Correct Ans-Contingency
agreement
The condominium contract must be accompanied with Correct Ans-The condominium resale
certificate
A representative of the condo association filled out the Correct Ans-Condominium resale
certificate
IABS Correct Ans-Must be presented at the time of the first substantive dialogue with a party
The form, IABS, is not Correct Ans-Requieres if it is a lease for less than one year or the line
see meets someone represented by another licensee
The TREC consumer information form Correct Ans-Must be displayed in the office of every
broker and inspector in texas
The non-reality items form should be used if Correct Ans-The buyer wants to purchase
personal property at the time of buying real property
Answers
When a buyer move in before closing, Correct Ans-The buyers residential lease must be used
An example of buyer's closing costs Correct Ans-Are an appraisal fee
Ownership of a condo involved air spa ice within the unit Correct Ans-And shares ownership
of common facilities
The farm and ranch contract calls for metes and bounds legal description Correct Ans-Rather
than recorded plat
The farm and ranch contract allows the Correct Ans-Sales price to be adjusted based on the
survey
The one to four family residential contract Correct Ans-Does not discuss the possibility of
rollback taxes
The unimproved property contract does not Correct Ans-Have a section on improvements,
accessories, or fixtures
, The addendum for sale of other property by buyer must be used Correct Ans-If the buyer
needs to sell his or her existing property before closing on another
The addendum for sale of other property by buyer creates a Correct Ans-Contingency
agreement
The condominium contract must be accompanied with Correct Ans-The condominium resale
certificate
A representative of the condo association filled out the Correct Ans-Condominium resale
certificate
IABS Correct Ans-Must be presented at the time of the first substantive dialogue with a party
The form, IABS, is not Correct Ans-Requieres if it is a lease for less than one year or the line
see meets someone represented by another licensee
The TREC consumer information form Correct Ans-Must be displayed in the office of every
broker and inspector in texas
The non-reality items form should be used if Correct Ans-The buyer wants to purchase
personal property at the time of buying real property
