Texas Promulgated Contracts Test Multi
Choice Questions
TREC promulgated contracts allow the Buyer to have the property
inspected:
(a) by anybody selected by the buyer
(b) by inspectors licensed by TREC or otherwise permitted by law
(c) no more than three times
(d) at any time by any person selected by their agent - Correct
Answer ✔️✔️B
,Buyer Sarah is purchasing a residential property. She plans to live in
the home and operate a daycare business in the home as well. Having
mentioned this to her agent, the agent should:
(a) write a paragraph describing the business in Paragraph 11, Special
Provisions
(b) disclose the daycare using a TREC Special Use addendum
(c) specify the use as a daycare in Paragraph 6: Objections
(d) not mention the daycare because the future use of a property is
not an issue - Correct Answer ✔️✔️C
,If a property is under contract to a buyer, another buyer may use the
__________________ to enter into a contract for the property if the
first contract fails to close.
(a) Addendum for Sale of Other Property by Buyer
(b) Addendum for Back-up Contract
(c) 1-4 Family Residential Contract
(d) Notice of Buyer's Termination of Contract - Correct Answer
✔️✔️B
The title company is:
, (a) A party to the transaction
(b) Not a party to the transaction
(c) Liable for the performance of the parties
(d) Responsible for arranging suitable financing for the buyer -
Correct Answer ✔️✔️B
A(n) property is one where a particular event has affected the
desirability of said property.
(a) Stigmatized
(b) Undesirable
Choice Questions
TREC promulgated contracts allow the Buyer to have the property
inspected:
(a) by anybody selected by the buyer
(b) by inspectors licensed by TREC or otherwise permitted by law
(c) no more than three times
(d) at any time by any person selected by their agent - Correct
Answer ✔️✔️B
,Buyer Sarah is purchasing a residential property. She plans to live in
the home and operate a daycare business in the home as well. Having
mentioned this to her agent, the agent should:
(a) write a paragraph describing the business in Paragraph 11, Special
Provisions
(b) disclose the daycare using a TREC Special Use addendum
(c) specify the use as a daycare in Paragraph 6: Objections
(d) not mention the daycare because the future use of a property is
not an issue - Correct Answer ✔️✔️C
,If a property is under contract to a buyer, another buyer may use the
__________________ to enter into a contract for the property if the
first contract fails to close.
(a) Addendum for Sale of Other Property by Buyer
(b) Addendum for Back-up Contract
(c) 1-4 Family Residential Contract
(d) Notice of Buyer's Termination of Contract - Correct Answer
✔️✔️B
The title company is:
, (a) A party to the transaction
(b) Not a party to the transaction
(c) Liable for the performance of the parties
(d) Responsible for arranging suitable financing for the buyer -
Correct Answer ✔️✔️B
A(n) property is one where a particular event has affected the
desirability of said property.
(a) Stigmatized
(b) Undesirable
