Texas Promulgated Contracts EXAM 2025/2026 QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+ / NEWEST EXAM!!
(d) Copies of easements and restrictions - ANSWERS-C
The process of dividing ongoing expenses between the buyer and seller at
the closing is called:
(a) assessing
(b) prorating
(c) collecting expenses
(d) accounting - ANSWERS-B
If not using a temporary lease, the buyer is entitled to possession of the
property:
(a) 24 hours before closing
(b) When the seller has moved out
(c) On closing day
(d) Upon closing and funding - ANSWERS-D
,The Buyer and Seller Temporary Residential Lease forms are good for any
period up to:
(a) 14 days
(b) 30 days
(c) 60 days
(d) 90 days - ANSWERS-D
If a seller wants to continue to occupy the property for two days after the
closing and the buyer agrees:
(a) This can be written into the special provisions paragraph of the contract
(b) The buyer and seller should negotiate a periodic tenancy agreement
(c) The Seller's Temporary Residential Lease form should be used
(d) The TAR Residential Lease form should be used - ANSWERS-C
When one party defaults under a contract, the other party is known as the:
(a) Breaching party
(b) Injured party
,(c) Party to the suit
(d) Liable party - ANSWERS-B
The State of Texas encourages the parties to resolve all conflicts and
disputes through alternative dispute resolution procedures such as:
(a) Arbitration
(b) Going to court
(c) Mediation
(d) Termination of the contract - ANSWERS-C
IRS statutes require a buyer to:
(a) Purchase property only from U.S. citizens
(b) Withhold 20% of the price from a foreign seller of U.S. property
(c) Withhold 10% of the sale proceeds in excess of $300,000 when a
foreign person has no social security card or green card
(d) None of the above - ANSWERS-C
All written notices between the parties are effective when:
, (a) Mailed
(b) Hand-delivered
(c) Faxed or emailed
(d) Any of the above - ANSWERS-D
When should a licensee advise a party to a contract to consult an attorney?
(a) At first contact with the client
(b) Before signing the contract if the client does not understand the effect of
signing the sales contract or the terms or conditions in the agreement
(c) After the contract has been signed by all parties if the party does not
understand the contract
(d) A licensee should never advise a client to consult an attorney -
ANSWERS-B
Who is responsible for filling in the effective date of the contract?
(a) The listing salesperson
(b) The title company
CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED
A+ / NEWEST EXAM!!
(d) Copies of easements and restrictions - ANSWERS-C
The process of dividing ongoing expenses between the buyer and seller at
the closing is called:
(a) assessing
(b) prorating
(c) collecting expenses
(d) accounting - ANSWERS-B
If not using a temporary lease, the buyer is entitled to possession of the
property:
(a) 24 hours before closing
(b) When the seller has moved out
(c) On closing day
(d) Upon closing and funding - ANSWERS-D
,The Buyer and Seller Temporary Residential Lease forms are good for any
period up to:
(a) 14 days
(b) 30 days
(c) 60 days
(d) 90 days - ANSWERS-D
If a seller wants to continue to occupy the property for two days after the
closing and the buyer agrees:
(a) This can be written into the special provisions paragraph of the contract
(b) The buyer and seller should negotiate a periodic tenancy agreement
(c) The Seller's Temporary Residential Lease form should be used
(d) The TAR Residential Lease form should be used - ANSWERS-C
When one party defaults under a contract, the other party is known as the:
(a) Breaching party
(b) Injured party
,(c) Party to the suit
(d) Liable party - ANSWERS-B
The State of Texas encourages the parties to resolve all conflicts and
disputes through alternative dispute resolution procedures such as:
(a) Arbitration
(b) Going to court
(c) Mediation
(d) Termination of the contract - ANSWERS-C
IRS statutes require a buyer to:
(a) Purchase property only from U.S. citizens
(b) Withhold 20% of the price from a foreign seller of U.S. property
(c) Withhold 10% of the sale proceeds in excess of $300,000 when a
foreign person has no social security card or green card
(d) None of the above - ANSWERS-C
All written notices between the parties are effective when:
, (a) Mailed
(b) Hand-delivered
(c) Faxed or emailed
(d) Any of the above - ANSWERS-D
When should a licensee advise a party to a contract to consult an attorney?
(a) At first contact with the client
(b) Before signing the contract if the client does not understand the effect of
signing the sales contract or the terms or conditions in the agreement
(c) After the contract has been signed by all parties if the party does not
understand the contract
(d) A licensee should never advise a client to consult an attorney -
ANSWERS-B
Who is responsible for filling in the effective date of the contract?
(a) The listing salesperson
(b) The title company
