TEXAS PROMULGATED CONTRACTS 2026 EVALUATION
QUESTIONS AND ANSWERS SURE A+
✔✔The time for performance of a contract may be extended by up to 15 days if
________________ after the effective date of the contract.
a. The buyer defaults
b. The seller requests mediation
c. There is a cloud on the title
d. The property is damaged - ✔✔D
✔✔Earnest money is first applied to the ________________.
a. Buyer's loan amount
b. Buyer's taxes due
c. Seller's net proceeds
d. Buyer's down payment - ✔✔D
✔✔Used when a seller is unable to sell at or above what is owed on a property.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔C
✔✔Prepared by management of a condominium project.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
, d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔E
✔✔Should be prominently displayed in a broker's office.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔D
✔✔Used to notify the seller of a buyer-initiated contract termination.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔A
✔✔Used when personal property is to be included in a sale.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔B
✔✔If a property is under contract to a buyer, another buyer may use the
_______________ to enter into a contract for the property subject to the failure of the
first contract to close.
a. Addendum for Back-up Contract
b. Addendum for Sale of Other Property by Buyer
c. 1-4 Family Residential Contract
d. Notice of Buyer's Termination of Contract - ✔✔A
✔✔The ________________ must promptly give notice of any material changes to
subdivision information.
a. Buyer
b. Listing Agent
c. Broker
d. Seller - ✔✔D
QUESTIONS AND ANSWERS SURE A+
✔✔The time for performance of a contract may be extended by up to 15 days if
________________ after the effective date of the contract.
a. The buyer defaults
b. The seller requests mediation
c. There is a cloud on the title
d. The property is damaged - ✔✔D
✔✔Earnest money is first applied to the ________________.
a. Buyer's loan amount
b. Buyer's taxes due
c. Seller's net proceeds
d. Buyer's down payment - ✔✔D
✔✔Used when a seller is unable to sell at or above what is owed on a property.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔C
✔✔Prepared by management of a condominium project.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
, d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔E
✔✔Should be prominently displayed in a broker's office.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔D
✔✔Used to notify the seller of a buyer-initiated contract termination.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔A
✔✔Used when personal property is to be included in a sale.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate - ✔✔B
✔✔If a property is under contract to a buyer, another buyer may use the
_______________ to enter into a contract for the property subject to the failure of the
first contract to close.
a. Addendum for Back-up Contract
b. Addendum for Sale of Other Property by Buyer
c. 1-4 Family Residential Contract
d. Notice of Buyer's Termination of Contract - ✔✔A
✔✔The ________________ must promptly give notice of any material changes to
subdivision information.
a. Buyer
b. Listing Agent
c. Broker
d. Seller - ✔✔D
