TEXAS PROMULGATED CONTRACT FORMS- CH. 3 QUIZ QUESTIONS & ANSWERS

TEXAS PROMULGATED CONTRACT
FORMS- CH. 3 QUIZ QUESTIONS &
ANSWERS

John is a real estate agent who is preparing a contract for his client, the seller. Where should
John look to find the name of the seller...? - correct answer ✔✔Seller's Deed



When a buyer takes title to a property, the name listed on the deed will match which of the
following...? - correct answer ✔✔Buyer's Name as Listed in the Purchase Contract



Personal property items are considered...? - correct answer ✔✔Non-Realty Items



A temporary lease is used when which of the following occurs...? - correct answer ✔✔Buyer
Moves into the Property Prior to Closing



Paragraph 5 of the One to Four Family Residential Contract - Resale primarily deals with...? -
correct answer ✔✔Earnest Money



The Non-Realty Items Addendum includes which of the following...? - correct answer ✔✔Items
of Personal Property that will Stay with the Property after Closing



Houses built prior to 1978 need to include which of the following addenda....? - correct answer
✔✔Lead-Based Paint Addendum



A reverse mortgage is paid back using which of the following...? - correct answer ✔✔Equity in
the House