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Law of Contracts - Champions School of Real Estate
Exam ||Verified Exam!!!|| Most Recent Exam 2026
Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+
|Newest Exam!!!
Wrongful or criminal deception intended to result in
financial or personal gain is called: - Answer-fraud
The Buyer and Seller Temporary Residential Lease forms
may be used for a lease period not to exceed: - Answer-90
days
__________ extend above the surface without limitation. -
Answer-air rights
An example(s) of an appurtenance would be: - Answer-
easements
There is no upper limit on the value of a Texas homestead.
- Answer-true
Substitution of a new contract for an existing contract is: -
Answer-Novation
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Which of the following describes judicial foreclosure? -
Answer-The property is sold by court order after the
mortgagee has given sufficient public notice
Which item does a lender generally require at the closing?
- Answer-Title insurance commitment
How many and what parties are involved in a deed of
trust? - Answer-Three—the trustee, the trustor, and the
beneficiary
The sales contract says the buyer will purchase only if the
buyer's current home closes within the next 30 days. This
is called a - Answer-contingency
A lease will be valid if it is between a landlord and which of
the following individuals? - Answer-A 44-year-old woman
who uses a wheelchair to get around
What is the makeup of the Texas Broker-Lawyer
Committee? - Answer-Six brokers, six lawyers, and one
public member
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Unlike a sales contract, a listing agreement is - Answer-an
employment contract.
All of the following are TREC-promulgated addenda
EXCEPT - Answer-Information About Brokerage Services.
If, after the sales contract is signed, the seller decides not
to sell, the - Answer-buyer may institute a suit for specific
performance of the contract and/or for money damages.
Common areas of concern in sales contract include all of
the following EXCEPT - Answer-disposition of real and
personal property.
Which method for providing legal descriptions uses north-
south and east-west lines to describe the location of the
property? - Answer-Rectangular government survey
system
Making a counteroffer - Answer-terminates the original
offer.
Law of Contracts - Champions School of Real Estate
Exam ||Verified Exam!!!|| Most Recent Exam 2026
Actual Complete Real Exam Questions And Correct
Answers (Verified Answers) Already Graded A+
|Newest Exam!!!
Wrongful or criminal deception intended to result in
financial or personal gain is called: - Answer-fraud
The Buyer and Seller Temporary Residential Lease forms
may be used for a lease period not to exceed: - Answer-90
days
__________ extend above the surface without limitation. -
Answer-air rights
An example(s) of an appurtenance would be: - Answer-
easements
There is no upper limit on the value of a Texas homestead.
- Answer-true
Substitution of a new contract for an existing contract is: -
Answer-Novation
,2|Page
Which of the following describes judicial foreclosure? -
Answer-The property is sold by court order after the
mortgagee has given sufficient public notice
Which item does a lender generally require at the closing?
- Answer-Title insurance commitment
How many and what parties are involved in a deed of
trust? - Answer-Three—the trustee, the trustor, and the
beneficiary
The sales contract says the buyer will purchase only if the
buyer's current home closes within the next 30 days. This
is called a - Answer-contingency
A lease will be valid if it is between a landlord and which of
the following individuals? - Answer-A 44-year-old woman
who uses a wheelchair to get around
What is the makeup of the Texas Broker-Lawyer
Committee? - Answer-Six brokers, six lawyers, and one
public member
, 3|Page
Unlike a sales contract, a listing agreement is - Answer-an
employment contract.
All of the following are TREC-promulgated addenda
EXCEPT - Answer-Information About Brokerage Services.
If, after the sales contract is signed, the seller decides not
to sell, the - Answer-buyer may institute a suit for specific
performance of the contract and/or for money damages.
Common areas of concern in sales contract include all of
the following EXCEPT - Answer-disposition of real and
personal property.
Which method for providing legal descriptions uses north-
south and east-west lines to describe the location of the
property? - Answer-Rectangular government survey
system
Making a counteroffer - Answer-terminates the original
offer.
