AYPO Real Estate Law of Contracts
2025/2026 Exam Questions and Answers
| 100% Solved
An advantage to buyers in a lease-purchase option is which of the following? - 🧠
ANSWER ✔✔It can be easier for a difficult to qualify buyer to purchase a home
with a lower down payments.
Eminent domain in Texas MAY NOT be used for which of these purposes? - 🧠
ANSWER ✔✔Private party uses.
Graduated and index leases are what types of leases? - 🧠 ANSWER ✔✔Variable.
A "mirror" will is a : - 🧠 ANSWER ✔✔Reciprocal will.
Under a land sales contract which of the following statements is accurate? (Best
answer.) - 🧠 ANSWER ✔✔All of these are accurate.
Which type of listing agreement is the only one to guarantee the broker a
commission in the event of a successful sale? - 🧠 ANSWER ✔✔Exclusive-right-to-
sell
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435.
TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 1
,A Deed of Trust allows for what type of foreclosure? - 🧠 ANSWER ✔✔Non-
judicial
Once the offer to purchase and all details and contingencies are agreed upon, and
all parties are signed, which of these should happen next? - 🧠 ANSWER ✔✔All of
these.
A title search includes a searching of public records to determine these issues,
except for: - 🧠 ANSWER ✔✔Credit history of the potential buyer.
Which of these might a certificate of title include? - 🧠 ANSWER ✔✔Any of these
Contingencies are best described by which of the following? - 🧠 ANSWER
✔✔Specific events of conditions that must occur or be removed for the
offer/purchase agreement to be valid.
Oral agreements in relation to business purchases or hiring of services can be
enforceable under which of these circumstances? - 🧠 ANSWER ✔✔If the words
used can be proven and the intent reasonably discerned from those words.
A non-exclusive/not for compensation buyer- broker agreement: - 🧠 ANSWER
✔✔all of these
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435.
TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 2
, For leases lasting less than ____, oral agreements can be enforceable. - 🧠
ANSWER ✔✔One year
Which of these provides the broadest definition of land, property, and ownership
rights? - 🧠 ANSWER ✔✔Real Property.
For a valid contractual offer, the offer must do all except which of the following? -
🧠 ANSWER ✔✔Provide terms for an acceptable counter offer.
Which of these would NOT be a requirement to create a valid lease agreement? - 🧠
ANSWER ✔✔Financing disclosure
Fee simple determinable and fee simple subject to a condition subsequent are the
two forms of: - 🧠 ANSWER ✔✔Fee simple defeasible estates
_________________ is a form of ownership held by one party. - 🧠 ANSWER
✔✔Severalty
Which of these IS NOT listed among the special inspections? - 🧠 ANSWER
✔✔Home appliances
Earnest money is a prospective buyer's demonstration of which of the following? -
🧠 ANSWER ✔✔Both of these.
An encumbrance is a(n) ________ real property. - 🧠 ANSWER ✔✔All of these
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435.
TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 3
2025/2026 Exam Questions and Answers
| 100% Solved
An advantage to buyers in a lease-purchase option is which of the following? - 🧠
ANSWER ✔✔It can be easier for a difficult to qualify buyer to purchase a home
with a lower down payments.
Eminent domain in Texas MAY NOT be used for which of these purposes? - 🧠
ANSWER ✔✔Private party uses.
Graduated and index leases are what types of leases? - 🧠 ANSWER ✔✔Variable.
A "mirror" will is a : - 🧠 ANSWER ✔✔Reciprocal will.
Under a land sales contract which of the following statements is accurate? (Best
answer.) - 🧠 ANSWER ✔✔All of these are accurate.
Which type of listing agreement is the only one to guarantee the broker a
commission in the event of a successful sale? - 🧠 ANSWER ✔✔Exclusive-right-to-
sell
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435.
TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 1
,A Deed of Trust allows for what type of foreclosure? - 🧠 ANSWER ✔✔Non-
judicial
Once the offer to purchase and all details and contingencies are agreed upon, and
all parties are signed, which of these should happen next? - 🧠 ANSWER ✔✔All of
these.
A title search includes a searching of public records to determine these issues,
except for: - 🧠 ANSWER ✔✔Credit history of the potential buyer.
Which of these might a certificate of title include? - 🧠 ANSWER ✔✔Any of these
Contingencies are best described by which of the following? - 🧠 ANSWER
✔✔Specific events of conditions that must occur or be removed for the
offer/purchase agreement to be valid.
Oral agreements in relation to business purchases or hiring of services can be
enforceable under which of these circumstances? - 🧠 ANSWER ✔✔If the words
used can be proven and the intent reasonably discerned from those words.
A non-exclusive/not for compensation buyer- broker agreement: - 🧠 ANSWER
✔✔all of these
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435.
TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 2
, For leases lasting less than ____, oral agreements can be enforceable. - 🧠
ANSWER ✔✔One year
Which of these provides the broadest definition of land, property, and ownership
rights? - 🧠 ANSWER ✔✔Real Property.
For a valid contractual offer, the offer must do all except which of the following? -
🧠 ANSWER ✔✔Provide terms for an acceptable counter offer.
Which of these would NOT be a requirement to create a valid lease agreement? - 🧠
ANSWER ✔✔Financing disclosure
Fee simple determinable and fee simple subject to a condition subsequent are the
two forms of: - 🧠 ANSWER ✔✔Fee simple defeasible estates
_________________ is a form of ownership held by one party. - 🧠 ANSWER
✔✔Severalty
Which of these IS NOT listed among the special inspections? - 🧠 ANSWER
✔✔Home appliances
Earnest money is a prospective buyer's demonstration of which of the following? -
🧠 ANSWER ✔✔Both of these.
An encumbrance is a(n) ________ real property. - 🧠 ANSWER ✔✔All of these
COPYRIGHT©NINJANERD 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER: 619652435.
TERMS OF USE. PRIVACY STATEMENT. ALL RIGHTS RESERVED 3
