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This document offers the complete set of exam questions and answers for the Texas Promulgated Contracts course from CHAMPIONS School of Real Estate. It includes scenario-based and multiple-choice questions that test understanding of contract forms, addenda, disclosures, and Texas Real Estate Commission (TREC) rules. A perfect study aid for licensing exam preparation and course mastery.

the buyer and seller temporary residential lease forms are good for any period up to - Correct Answer ️️90 days the special provisions paragraph of the contract allows licensees to insert - Correct Answer ️️factual business details statements not addressed in the contract info where is not trec promulgated addendum, lease or mandatory form usual expenses of the seller as stated in the contract include - Correct Answer ️️release of existing lien the process of dividing ongoin...

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 ️️BBuyer 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...

The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording B answer A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Executory (b) Executed (c) Bilateral (d) Void A answer In the business of real estat...

©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+ 1 Texas Promulgated Contracts Exam Questions And Answers |Latest 2025 | Guaranteed Pass In 1939, the legislator passed what law? - AnswerReal Estate Dealers License Act (REDLA) which meant all RE agents must obtain a license Competent Parties Summary:(3) - AnswerMust be 18 + years of age Must be mentally competent Cannot be temporary incompetent The Texas Real Estate Commission regulates a licensee in which of the following situations? ...

©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+ 1 Texas Promulgated Contracts Exam Questions And Answers |Latest 2025 | Guaranteed Pass The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording - AnswerB A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties t...

©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+ 1 Texas Promulgated Contracts Exam Questions And Answers |Latest 2025 | Guaranteed Pass A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. - AnswerExecutory The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. - AnswerMutual consent In the...

©BRIGHTSTARS 2025 ALL RIGHTS RESERVED 9:46 AM A+ 1 Texas Promulgated Contracts Exam Questions And Answers |Latest 2025 | Guaranteed Pass According to the Addendum for "Back-Up" Contract, when must the option money be paid? - AnswerUpon execution Real Estate Dealer's License Act (REDLA) - AnswerPassed in 1939, it required real estate agents to obtain licenses. It was changed to the Texas Real Estate License Act in 1949 True or False: The seller would be the party of the first p...

Texas Promulgated Contracts Champions Exam Study Guide with Questions and Answers The elements of a valid contract are, competent parties, consideration, legal subject matter, in writing, and ___________. (a) Default (b) Mutual consent (c) Property condition (d) Recording ANSWER B A(n) __________________ contract is defined as a contract that is binding on the parties, with one or more of the parties having contractual duties that have not yet been performed. (a) Execut...

TEXAS PRE-LICENSE - PROMULGATED CONTRACTS | TEXAS PRE-LICENSE - PROMULGATED CONTRACTS CHALLENGE QUESTIONS (167 TERMS) WITH CORRECT ANSWERS LATEST UPDATE