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AYPO REAL ESTATE LAW OF CONTRACTS (VERSION 1&2)
NEWEST 2025 ACTUAL EXAM 2025/2026 NEWEST ACTUAL
EXAM WITH COMPLETE QUESTIONS AND VERIFIED
ANSWERS |ALREADY GRADED A+|
Which of these IS NOT/ARE NOT considered to be "closing
costs"? - ANSWER-Broker's commissions
In a Texas real estate sales contract, the property location should
include all except which of these? - ANSWER-Google Earth
location.
Rescission of contract is BEST described by which of the
following? - ANSWER-When one or both parties choose to
withdraw and nullify the agreement.
"Consummation" as used in the real estate- related profession
refers to: - ANSWER-The specific point in time where the
borrower becomes contractually obligated to the lender.
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Parties entering into a contract must have legal capacity, which
includes all of the following qualification EXCEPT for which of
these? - ANSWER-They must be a natural born or naturalized
citizen.
Which of these IS NOT one of the "bundle of rights?" - ANSWER-
Reformation
All of these are categories of liens, except: - ANSWER-Implied
liens.
A holographic will is one that is: - ANSWER-Handwritten
Accepting most of an offer but changing some terms results in
which of the following? (Best answer.) - ANSWER-Both of these
are correct.
Forms of voluntary alienation include all, except: - ANSWER-
Escheat.
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The Sale and Leaseback is a type of agreement frequently used
in commercial property for all of these reasons, except: -
ANSWER-Evade encumbrances on the property.
Which of these is a standard request in a listing agreement? -
ANSWER-All of these.
So long as certain that it is initialed in ink by the appropriate
parties, an attorney or a licensee can: - ANSWER-Both of these.
Which of these primary residences would not be fully protected
under the Texas Homestead Act? - ANSWER-A city residence on
12 acres.
A T-47 Affidavit pertains to: - ANSWER-Property surveys/ area
and boundary coverage.
In Texas, dual agency is not allowed, however which of the
following is provided as an alternative to dual agency? -
ANSWER-A single firm representing both parties can use an
AYPO REAL ESTATE LAW OF CONTRACTS (VERSION 1&2)
NEWEST 2025 ACTUAL EXAM 2025/2026 NEWEST ACTUAL
EXAM WITH COMPLETE QUESTIONS AND VERIFIED
ANSWERS |ALREADY GRADED A+|
Which of these IS NOT/ARE NOT considered to be "closing
costs"? - ANSWER-Broker's commissions
In a Texas real estate sales contract, the property location should
include all except which of these? - ANSWER-Google Earth
location.
Rescission of contract is BEST described by which of the
following? - ANSWER-When one or both parties choose to
withdraw and nullify the agreement.
"Consummation" as used in the real estate- related profession
refers to: - ANSWER-The specific point in time where the
borrower becomes contractually obligated to the lender.
, Page |2
Parties entering into a contract must have legal capacity, which
includes all of the following qualification EXCEPT for which of
these? - ANSWER-They must be a natural born or naturalized
citizen.
Which of these IS NOT one of the "bundle of rights?" - ANSWER-
Reformation
All of these are categories of liens, except: - ANSWER-Implied
liens.
A holographic will is one that is: - ANSWER-Handwritten
Accepting most of an offer but changing some terms results in
which of the following? (Best answer.) - ANSWER-Both of these
are correct.
Forms of voluntary alienation include all, except: - ANSWER-
Escheat.
, Page |3
The Sale and Leaseback is a type of agreement frequently used
in commercial property for all of these reasons, except: -
ANSWER-Evade encumbrances on the property.
Which of these is a standard request in a listing agreement? -
ANSWER-All of these.
So long as certain that it is initialed in ink by the appropriate
parties, an attorney or a licensee can: - ANSWER-Both of these.
Which of these primary residences would not be fully protected
under the Texas Homestead Act? - ANSWER-A city residence on
12 acres.
A T-47 Affidavit pertains to: - ANSWER-Property surveys/ area
and boundary coverage.
In Texas, dual agency is not allowed, however which of the
following is provided as an alternative to dual agency? -
ANSWER-A single firm representing both parties can use an
