Promulgated Contract Forms Exam with Questions and Solutions

Promulgated Contract Forms Exam with Questions and Solutions Use of the TREC promulgated One to Four Family Residential Contract (Resale): A. Is allowed on the sale of a residential condominium B. Can be used for a vacant residential lot C. Covers single family, duplex, triplex, and fourplex transactions D. All of the above ANSWER C. Covers single family, duplex, triplex, and fourplex transactions Broker's fees are: A. Included in the One to Four Family Residential Contract (Resale) between the Buyer and the Seller B. Determined by writing in the Information About Brokerage Services C. Determined by writing in the Listing Agreement D. Both B and C ANSWER C. Determined by writing in the Listing Agreement Fraud is: A. A crime B. A civil law violation C. Both A and B D. Only B ANSWER C. Both A and B Federal Fair Housing Laws forbid discriminatory practices by parties including: