TEXAS PROMULGATED CONTRACTS
CHAMPIONS EXAM TEST BANK 2026
UPDATED QUESTIONS WITH ANSWERS
GRADED A+
⩥ TREC. Answer: - Texas Real Estate Commission
- Created in 1949 to administer/enforce TERLA
⩥ Real Estate Center. Answer: - Located at Texas A&M University
- Created in 1970
⩥ TREC-Promulgated Forms/Leases (Residential):. Answer: - One-to-
Four Family Residential Contract (Resale)
- New Home Contract (Completed Construction)
- Residential Condo Contract (Resale)
- New Home Contract (Incomplete Construction)
,- Unimproved Property Contract
- Farm and Ranch
(Note: TREC has promulgated contract addenda and other forms, listed
on Thepage 18)
⩥ Four categories of unlawful trade practices are:. Answer: 1 -
Misleading or deceptive conduct employed by any person that was relied
upon by the consumer to the consumer's detriment
2 - Breach of express or implied warranties
3 - Violation of the Texas Insurance Code (Chpt 51)
4 - An unconscionable action or course of action by any person
⩥ Physical Characteristics of Land. Answer: - Indestructibility: cannot
be destroyed
- Immobility: cannot be moved
- Non-homogeneity: no two parcels are the same
, ⩥ Economic Characteristics of Land. Answer: - Scarcity: supply and
demand
- Modification: value is affected by man made changes
- Fixity: additions take long periods of time to pay
- Situs: location, location, location
⩥ Which of the following is a requirement for the Texas real estate sales
agent license?. Answer: 1 - College Degree
2 - 30 hours of Real Estate Principles only
*3 - Show competency by passing the licensing exam*
4 - Must be Texan by birth
⩥ An active sales agent license may only be issued under __________..
Answer: 1 - Court order
*2 - The sponsorship of a licensed broker*
3 - The supervision of a fellow sales agent
4 - The Deceptive Trade Practice Act
CHAMPIONS EXAM TEST BANK 2026
UPDATED QUESTIONS WITH ANSWERS
GRADED A+
⩥ TREC. Answer: - Texas Real Estate Commission
- Created in 1949 to administer/enforce TERLA
⩥ Real Estate Center. Answer: - Located at Texas A&M University
- Created in 1970
⩥ TREC-Promulgated Forms/Leases (Residential):. Answer: - One-to-
Four Family Residential Contract (Resale)
- New Home Contract (Completed Construction)
- Residential Condo Contract (Resale)
- New Home Contract (Incomplete Construction)
,- Unimproved Property Contract
- Farm and Ranch
(Note: TREC has promulgated contract addenda and other forms, listed
on Thepage 18)
⩥ Four categories of unlawful trade practices are:. Answer: 1 -
Misleading or deceptive conduct employed by any person that was relied
upon by the consumer to the consumer's detriment
2 - Breach of express or implied warranties
3 - Violation of the Texas Insurance Code (Chpt 51)
4 - An unconscionable action or course of action by any person
⩥ Physical Characteristics of Land. Answer: - Indestructibility: cannot
be destroyed
- Immobility: cannot be moved
- Non-homogeneity: no two parcels are the same
, ⩥ Economic Characteristics of Land. Answer: - Scarcity: supply and
demand
- Modification: value is affected by man made changes
- Fixity: additions take long periods of time to pay
- Situs: location, location, location
⩥ Which of the following is a requirement for the Texas real estate sales
agent license?. Answer: 1 - College Degree
2 - 30 hours of Real Estate Principles only
*3 - Show competency by passing the licensing exam*
4 - Must be Texan by birth
⩥ An active sales agent license may only be issued under __________..
Answer: 1 - Court order
*2 - The sponsorship of a licensed broker*
3 - The supervision of a fellow sales agent
4 - The Deceptive Trade Practice Act
