Texas Law of Contracts Questions With Correctly Detailed Answers Latest Version
Texas Law of Contracts Questions With
Correctly Detailed Answers Latest
Version
The DTPA helps protect...?
Agents
Consumers
Sellers
Attorneys - ANSWER ✔ - Consumers
In order to help prevent the buyer from withdrawing their offer, when should a seller provide a
prospective buyer with the property disclosure form...?
After the contract is signed with the prospective buyer
Before the prospective buyer makes an offer
After the prospective buyer's offer is accepted
After the prospective buyer's home inspector conducts their inspection of the property - ANSWER ✔ -
Before the Prospective Buyer Makes an Offer
How can an agent avoid the unauthorized practice of law...?
Refuse to provide legal advice
Have their client's attorney perform any edits to the contract form
Refer their client to an attorney for legal advice
All of the above - ANSWER ✔ - All of the Above
The duties and powers of TREC are described in which of the following documents...?
RESPA
TRELA
DTPA
,Texas Law of Contracts Questions With Correctly Detailed Answers Latest Version
NAR - ANSWER ✔ - TRELA
Who is authorized to provide legal advice to sellers...?
Attorneys
Brokers
Agents
All of the above - ANSWER ✔ - Attorneys
Who oversees the Broker/Lawyer Committee...?
The Texas Attorney General
The Texas Real Estate Commission
The Texas Governor
The Texas Bureau of Real Estate - ANSWER ✔ - The Texas Real Estate Commission
Section 1101.155 of the Texas Real Estate License Act deals with which of the following...?
Rules regarding independent contractors
Rules regarding the Texas contract forms
Rules regarding broker conduct
Rules regarding agency relationships - ANSWER ✔ - Rules Regarding the Texas Contract Forms
The moral principles that govern a person's or group's behavior are known as...?
Ethics
Statutes
Guidelines
Laws - ANSWER ✔ - Ethics
Where can agents and brokers look to find the most up to date promulgated contract forms...?
Realtor.com
TREC website
BRE website
, Texas Law of Contracts Questions With Correctly Detailed Answers Latest Version
All of the above - ANSWER ✔ - TREC Website
Once TREC approves a form drafted or edited by the Broker/Lawyer Committee, the form is considered...?
Void
Promulgated
Recorded
Reviewed - ANSWER ✔ - Promulgated
The individual who contributes real property to a trust is considered the...?
Trustee
Trustor
Grantee
Beneficiary - ANSWER ✔ - Trustor
Personal property that has become real property by having been permanently attached or adapted to real
property is known as a...?
Chattel
Fixture
Trade fixture
Emblements - ANSWER ✔ - Fixture
Married couples in Texas typically own property as...?
Community property
Severalty ownership
Tenancy by the entirety
Joint tenancy - ANSWER ✔ - Community Property
Ownership in a cooperative consists of which of the following...?
Proprietary lease
Title
Texas Law of Contracts Questions With
Correctly Detailed Answers Latest
Version
The DTPA helps protect...?
Agents
Consumers
Sellers
Attorneys - ANSWER ✔ - Consumers
In order to help prevent the buyer from withdrawing their offer, when should a seller provide a
prospective buyer with the property disclosure form...?
After the contract is signed with the prospective buyer
Before the prospective buyer makes an offer
After the prospective buyer's offer is accepted
After the prospective buyer's home inspector conducts their inspection of the property - ANSWER ✔ -
Before the Prospective Buyer Makes an Offer
How can an agent avoid the unauthorized practice of law...?
Refuse to provide legal advice
Have their client's attorney perform any edits to the contract form
Refer their client to an attorney for legal advice
All of the above - ANSWER ✔ - All of the Above
The duties and powers of TREC are described in which of the following documents...?
RESPA
TRELA
DTPA
,Texas Law of Contracts Questions With Correctly Detailed Answers Latest Version
NAR - ANSWER ✔ - TRELA
Who is authorized to provide legal advice to sellers...?
Attorneys
Brokers
Agents
All of the above - ANSWER ✔ - Attorneys
Who oversees the Broker/Lawyer Committee...?
The Texas Attorney General
The Texas Real Estate Commission
The Texas Governor
The Texas Bureau of Real Estate - ANSWER ✔ - The Texas Real Estate Commission
Section 1101.155 of the Texas Real Estate License Act deals with which of the following...?
Rules regarding independent contractors
Rules regarding the Texas contract forms
Rules regarding broker conduct
Rules regarding agency relationships - ANSWER ✔ - Rules Regarding the Texas Contract Forms
The moral principles that govern a person's or group's behavior are known as...?
Ethics
Statutes
Guidelines
Laws - ANSWER ✔ - Ethics
Where can agents and brokers look to find the most up to date promulgated contract forms...?
Realtor.com
TREC website
BRE website
, Texas Law of Contracts Questions With Correctly Detailed Answers Latest Version
All of the above - ANSWER ✔ - TREC Website
Once TREC approves a form drafted or edited by the Broker/Lawyer Committee, the form is considered...?
Void
Promulgated
Recorded
Reviewed - ANSWER ✔ - Promulgated
The individual who contributes real property to a trust is considered the...?
Trustee
Trustor
Grantee
Beneficiary - ANSWER ✔ - Trustor
Personal property that has become real property by having been permanently attached or adapted to real
property is known as a...?
Chattel
Fixture
Trade fixture
Emblements - ANSWER ✔ - Fixture
Married couples in Texas typically own property as...?
Community property
Severalty ownership
Tenancy by the entirety
Joint tenancy - ANSWER ✔ - Community Property
Ownership in a cooperative consists of which of the following...?
Proprietary lease
Title
