TEXAS PROMULGATED CONTRACT
FORMS- CH. 7 QUIZ QUESTIONS &
ANSWERS
Unless otherwise stated in the Seller's Temporary Residential Lease, who shall bear the cost of
all expenses for the repairs and maintenance of the property during the term of the lease...? -
correct answer ✔✔The seller
If both parties sign the Notice of Buyer's Termination of Contract, what still remains to be
done...? - correct answer ✔✔Seller needs to release the buyer's earnest money
If a buyer is purchasing a property adjacent to coastal waters, what form must be included with
the purchase contract...? - correct answer ✔✔Addendum For Coastal Area Property
The boundary of a property adjoining coastal waters is subject to change and can only be
determined accurately by a...? - correct answer ✔✔Licensed state land surveyor
Which of the following items should be included in the Non-Realty Items Addendum...? - correct
answer ✔✔Items of personal property to be included with the sale of the property
According to the Short Sale Addendum, the sales price minus the seller's full closing costs
equals the...? - correct answer ✔✔Seller's net proceeds
Which of the following forms are NOT promulgated...? - correct answer ✔✔Texas Real Estate
Consumer Notice Concerning Hazards or Deficiencies
In order for a broker to represent both parties in a transaction, the broker must obtain the
written agreement from...? - correct answer ✔✔Both parties
FORMS- CH. 7 QUIZ QUESTIONS &
ANSWERS
Unless otherwise stated in the Seller's Temporary Residential Lease, who shall bear the cost of
all expenses for the repairs and maintenance of the property during the term of the lease...? -
correct answer ✔✔The seller
If both parties sign the Notice of Buyer's Termination of Contract, what still remains to be
done...? - correct answer ✔✔Seller needs to release the buyer's earnest money
If a buyer is purchasing a property adjacent to coastal waters, what form must be included with
the purchase contract...? - correct answer ✔✔Addendum For Coastal Area Property
The boundary of a property adjoining coastal waters is subject to change and can only be
determined accurately by a...? - correct answer ✔✔Licensed state land surveyor
Which of the following items should be included in the Non-Realty Items Addendum...? - correct
answer ✔✔Items of personal property to be included with the sale of the property
According to the Short Sale Addendum, the sales price minus the seller's full closing costs
equals the...? - correct answer ✔✔Seller's net proceeds
Which of the following forms are NOT promulgated...? - correct answer ✔✔Texas Real Estate
Consumer Notice Concerning Hazards or Deficiencies
In order for a broker to represent both parties in a transaction, the broker must obtain the
written agreement from...? - correct answer ✔✔Both parties
