Promulgated Contracts Exam Questions Fully Solved Latest Update 2025
According to the Environmental Assessment, Threatened or Endangered Species, & Wetlands
Addendum, what happens if the buyer can provide the seller with a report proving that the use of the
property is negatively affected by one of the noted factors (before the agreed-upon deadline)? -
Answers the buyer can terminate the contract and get their earnest money back
TRELA empowers TREC to require license holders to use certain contract forms. Which of these would
NOT meet TREC's requirements? - Answers a contract created by a license holder's sponsoring broker
What does the date in the Third Party Financing Addendum provide a deadline to buyers for? - Answers
informing a seller they didn't get their financing approved
A married couple is buying a property. Which is the BEST way to write their names in the contract? -
Answers Georgianna Serif and spouse Bryan Serif
The Seller's Disclosure Notice is a requirement of - Answers the Texas Property Code
Agent Alicia is helping her client buy a newly built home. She does not use the New Home Contract
(Completed Construction). What is the most likely reason why? - Answers The builder required that she
use their contract.
What is TRUE of a unilateral contract? - Answers A unilateral contract is a promise exchanged for
performance.
Which of these is an example of an illegal buyer rebate? - Answers an agent gives their buyer client half
of their commission without disclosing it on the settlement statement
A seller is renting back a property from a buyer using the Seller's Temporary Residential Lease. The seller
damages the property while they are staying there. Who is responsible for the cost of the repairs? -
Answers the seller/tenant
When do brokers determine how the commission from a sale will be split? - Answers before closing
Which of these forms is least likely to be involved in the sale of unimproved property? - Answers
Condominium Resale Certificate
A seller is selling a property that is under a lease. When does the seller have to deliver a copy of the
lease and any move-in condition form to the buyer? - Answers within seven days after the effective date
Which of these is the name of a TREC promulgated contract? - Answers Farm and Ranch Contract
What is the Addendum for Property Located Seaward of the Gulf Intracoastal Waterway for? - Answers
warns buyers that if their property become located on the beach area by erosion, they can be required
to remove the structure at their own expense
, What form must be provided to any unrepresented buyer or seller a license holder talks with? - Answers
Information About Brokerage Services form
In a TREC promulgated contract, what is the Third Party Financing Addendum concerned with? -
Answers financing contingencies
If legal action is required regarding a TREC sales contract, what will the non-prevailing party be
responsible for? - Answers the prevailing party's reasonable attorney fees and court costs
If the seller is providing an existing survey during a real estate transaction, what must the license holder
give to the buyer? - Answers the T-47 Residential Real Property Affidavit
A potential buyer's current home is under contract. He has found a home he would like to make an offer
on, but does not want to take a chance on being obligated to buy if his current home does not close.
What form can help this buyer? - Answers Addendum for Sale of Other Property by Buyer
An agent's buyer client wants to keep the curtains in the home they are buying, and the seller has
agreed. What does the agent need to include with the contract to ensure this happens? - Answers a
Non-Realty Items Addendum
A seller is planning to convey a refrigerator through the Non-Realty Items Addendum. They financed the
applianced purchase, and still have a few payments left. Is this allowed? Why or why not? - Answers No,
items conveyed though the Non-Realty Items Addendum must be owned fully by the seller.
A stand-alone refrigerator would be considered ______ . - Answers personal property that will not
transfer
What is one thing that differentiates TREC from the Broker-Lawyer Committee? - Answers TREC
members are only appointed by the governor, Broker-Lawyer Committee members can be appointed by
different people.
As outlined in the TREC promulgated sales contracts, what obligations does the seller have regarding the
property condition at the time of sale? - Answers Seller's obligations are a matter of negotiation with the
buyer.
A landlord may have to make adjustments for a tenant with a disability to be able to live in a dwelling.
Those adjustments do not include: - Answers permitting a tenant to use illegal drugs
A buyer who discovers a defect which they believe was misrepresented has a certain time after
discovery to make a claim for damages. This is known as the: - Answers Statute of Limitations
Emily and Josh signed a real estate contract with each other. The contract is now fully executed. What
does that mean that Josh and Emily have done? - Answers fulfilled the material terms of the contract
What part of the One to Four Family Residential Contract advises the buyer to get an abstract of title
reviewed by a lawyer? - Answers Paragraph 6E1
According to the Environmental Assessment, Threatened or Endangered Species, & Wetlands
Addendum, what happens if the buyer can provide the seller with a report proving that the use of the
property is negatively affected by one of the noted factors (before the agreed-upon deadline)? -
Answers the buyer can terminate the contract and get their earnest money back
TRELA empowers TREC to require license holders to use certain contract forms. Which of these would
NOT meet TREC's requirements? - Answers a contract created by a license holder's sponsoring broker
What does the date in the Third Party Financing Addendum provide a deadline to buyers for? - Answers
informing a seller they didn't get their financing approved
A married couple is buying a property. Which is the BEST way to write their names in the contract? -
Answers Georgianna Serif and spouse Bryan Serif
The Seller's Disclosure Notice is a requirement of - Answers the Texas Property Code
Agent Alicia is helping her client buy a newly built home. She does not use the New Home Contract
(Completed Construction). What is the most likely reason why? - Answers The builder required that she
use their contract.
What is TRUE of a unilateral contract? - Answers A unilateral contract is a promise exchanged for
performance.
Which of these is an example of an illegal buyer rebate? - Answers an agent gives their buyer client half
of their commission without disclosing it on the settlement statement
A seller is renting back a property from a buyer using the Seller's Temporary Residential Lease. The seller
damages the property while they are staying there. Who is responsible for the cost of the repairs? -
Answers the seller/tenant
When do brokers determine how the commission from a sale will be split? - Answers before closing
Which of these forms is least likely to be involved in the sale of unimproved property? - Answers
Condominium Resale Certificate
A seller is selling a property that is under a lease. When does the seller have to deliver a copy of the
lease and any move-in condition form to the buyer? - Answers within seven days after the effective date
Which of these is the name of a TREC promulgated contract? - Answers Farm and Ranch Contract
What is the Addendum for Property Located Seaward of the Gulf Intracoastal Waterway for? - Answers
warns buyers that if their property become located on the beach area by erosion, they can be required
to remove the structure at their own expense
, What form must be provided to any unrepresented buyer or seller a license holder talks with? - Answers
Information About Brokerage Services form
In a TREC promulgated contract, what is the Third Party Financing Addendum concerned with? -
Answers financing contingencies
If legal action is required regarding a TREC sales contract, what will the non-prevailing party be
responsible for? - Answers the prevailing party's reasonable attorney fees and court costs
If the seller is providing an existing survey during a real estate transaction, what must the license holder
give to the buyer? - Answers the T-47 Residential Real Property Affidavit
A potential buyer's current home is under contract. He has found a home he would like to make an offer
on, but does not want to take a chance on being obligated to buy if his current home does not close.
What form can help this buyer? - Answers Addendum for Sale of Other Property by Buyer
An agent's buyer client wants to keep the curtains in the home they are buying, and the seller has
agreed. What does the agent need to include with the contract to ensure this happens? - Answers a
Non-Realty Items Addendum
A seller is planning to convey a refrigerator through the Non-Realty Items Addendum. They financed the
applianced purchase, and still have a few payments left. Is this allowed? Why or why not? - Answers No,
items conveyed though the Non-Realty Items Addendum must be owned fully by the seller.
A stand-alone refrigerator would be considered ______ . - Answers personal property that will not
transfer
What is one thing that differentiates TREC from the Broker-Lawyer Committee? - Answers TREC
members are only appointed by the governor, Broker-Lawyer Committee members can be appointed by
different people.
As outlined in the TREC promulgated sales contracts, what obligations does the seller have regarding the
property condition at the time of sale? - Answers Seller's obligations are a matter of negotiation with the
buyer.
A landlord may have to make adjustments for a tenant with a disability to be able to live in a dwelling.
Those adjustments do not include: - Answers permitting a tenant to use illegal drugs
A buyer who discovers a defect which they believe was misrepresented has a certain time after
discovery to make a claim for damages. This is known as the: - Answers Statute of Limitations
Emily and Josh signed a real estate contract with each other. The contract is now fully executed. What
does that mean that Josh and Emily have done? - Answers fulfilled the material terms of the contract
What part of the One to Four Family Residential Contract advises the buyer to get an abstract of title
reviewed by a lawyer? - Answers Paragraph 6E1
