Promulgated Contracts-Level 4 Main
Summary Questions and Answers 2025-
2026 Updated.
Items LH needs when filling out TREC sales contract - Answer The names and addresses of
the parties
A proper legal description of the property
What the buyer is willing to pay
What the seller is willing to take for the property
buyer's name on the contract must be - Answer their legal name that is shown on their
driver license or other form of identification
seller's name on the contract should be - Answer same name that is on the property
title/deed
(one on tax roll might be inaccurate
when parties and the agents receive the commitment for title insurance - Answer legal
names and property description can be verified
LH should Look at the current deed to verify - Answer the seller is correctly listed as the title
holder of property
To prevent misspellings, LH can ask the parties to - Answer write own names and show their
driver licenses
Include the full names of both people - Answer in a married couple
Paragraph 2 in the One to Four Family Residential Contract describes - Answer the property,
including the land, improvements, and accessories
, If the parties want to add personal items to the contract that the seller plans to leave, they can
use the - Answer Non-Realty Items Addendum
Item most commonly listed on NOn-REalty Items Addendum - Answer fridge
Non Realty Items addendum conveys - Answer what will stay
what buyer will pay
that seller is OUTRIGHT owner
The buyers, in their initial offer, could request anything that the sellers currently have in the
house - Answer these items are negotiable and must be worked out in transaction
Paragraphs 2B - Improvements are: - Answer permanently installed and built-in items
Paragraph 2 C- Accessories are: - Answer not attached or built-in, but still stay with the
property
(garage door opener, blinds, curtain rod, door keys, above ground pool, swimming pool
equipment)
if the seller wants to take an item with them that would normally stay, the agent will want to be
sure it is listed as an - Answer EXCLUSION-paragraph 2D on 1-4 fam res contract
Paragraph 3 on One to Four is: The sales price of the property is: - Answer total cash down
payment plus the total financing
Paragraph 4 in the One to Four Family Residential Contract gives the agent a place to disclose -
Answer if they are a party to (or related to a party to) the transaction-BE SPECIFIC
*don't just say "ONE of the owners)
If the buyer in a transaction will be getting their financing from a third party (such as a bank or
mortgage company, NOT the seller) what must be attached and included in para 22? - Answer
Third Party Financing Addendum must be attached to and listed in Paragraph 22 of the sales
Summary Questions and Answers 2025-
2026 Updated.
Items LH needs when filling out TREC sales contract - Answer The names and addresses of
the parties
A proper legal description of the property
What the buyer is willing to pay
What the seller is willing to take for the property
buyer's name on the contract must be - Answer their legal name that is shown on their
driver license or other form of identification
seller's name on the contract should be - Answer same name that is on the property
title/deed
(one on tax roll might be inaccurate
when parties and the agents receive the commitment for title insurance - Answer legal
names and property description can be verified
LH should Look at the current deed to verify - Answer the seller is correctly listed as the title
holder of property
To prevent misspellings, LH can ask the parties to - Answer write own names and show their
driver licenses
Include the full names of both people - Answer in a married couple
Paragraph 2 in the One to Four Family Residential Contract describes - Answer the property,
including the land, improvements, and accessories
, If the parties want to add personal items to the contract that the seller plans to leave, they can
use the - Answer Non-Realty Items Addendum
Item most commonly listed on NOn-REalty Items Addendum - Answer fridge
Non Realty Items addendum conveys - Answer what will stay
what buyer will pay
that seller is OUTRIGHT owner
The buyers, in their initial offer, could request anything that the sellers currently have in the
house - Answer these items are negotiable and must be worked out in transaction
Paragraphs 2B - Improvements are: - Answer permanently installed and built-in items
Paragraph 2 C- Accessories are: - Answer not attached or built-in, but still stay with the
property
(garage door opener, blinds, curtain rod, door keys, above ground pool, swimming pool
equipment)
if the seller wants to take an item with them that would normally stay, the agent will want to be
sure it is listed as an - Answer EXCLUSION-paragraph 2D on 1-4 fam res contract
Paragraph 3 on One to Four is: The sales price of the property is: - Answer total cash down
payment plus the total financing
Paragraph 4 in the One to Four Family Residential Contract gives the agent a place to disclose -
Answer if they are a party to (or related to a party to) the transaction-BE SPECIFIC
*don't just say "ONE of the owners)
If the buyer in a transaction will be getting their financing from a third party (such as a bank or
mortgage company, NOT the seller) what must be attached and included in para 22? - Answer
Third Party Financing Addendum must be attached to and listed in Paragraph 22 of the sales
