RealEstateU- Texas Promulgated Contract Forms || Most
Recent Exam 2026 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already Graded
A+ | Assured Success!! Newest Exam | Just Released!!
If a buyer is obtaining a conventional mortgage, they must
include which of the
following information on the TREC Third Party Financing
Addendum? -
ANSWER-Amount of the loan, interest rate of the loan,
term of the loan
If a buyer is looking to purchase a property with the help of a
Texas Veterans
loan, which of the following must in included with the
purchase contract? -
ANSWER-Third Party Financing
Addendum
Veterans are allowed to have how many VA loans at any
given time...? -
ANSWER-
1
,Which of the following addenda must a veteran complete when
purchasing a new home with a VA loan when they already have
an outstanding VA loan...? - ANSWER-Addendum For Release
of Liability on Assumed Loan and/or Restoration of Seller's VA
Entitlement
Reverse mortgage financing is typically reserved for
borrowers over the age
of...? -
ANSWER-62
Reverse mortgage financing is primarily used for owner-
occupied residences...?
- ANSWER-
True
The loan amount in reverse mortgage ____ over time? -
ANSWER-Increase
A down payment made by a purchaser of real estate as
evidence of good faith
is referred to as...? - ANSWER-
Earnest money
Money, or other things of value, that a real estate agent
receives on behalf of
the principal or any other person involved in a transaction
is known as...? -
,ANSWER-Trust
funds
Which of the following acts as liquidated damages if the buyer
defaults on the
purchase contract...? - ANSWER-
Earnest money
An earnest money deposit is required in all residential
transactions - ANSWER-
False
Which of the following refers to a right given for a
consideration to purchase or lease a property upon specified
terms within a specified time, without obligating the party who
receives the right to exercise the right...? - ANSWER-Option
A person who receives an option is known as the? - ANSWER-
Optionee
A person who gives an option is known as the? - ANSWER-
Optionor
A buyer has _____ during the options period? - ANSWER-
Equitable title to the
property
Marcus has entered into a contract to purchase a new house.
What will Marcus
, do during the options period to ensure the property is in the
proper condition? -
ANSWER-Perform his due
diligence
The buyer loses their right to a termination option if they fail to
provide the options money within how many days of the
effective date of the contract...? -
ANSWER-3
The title policy for a property is discussed in paragraph ........of
the One to Four
Family Residential Contract - Resale -
ANSWER-6A
Who pays for the title policy stated in the purchase contract? -
ANSWER-Either
the buyer or seller, whatever is
agreed upon
Which of the following prohibits the seller from requiring a
specific title company
as a condition of the sale? -
ANSWER-RESPA
The title company used in a transaction must be agreed upon by
both the buyer
and the seller? -
ANSWER-True
Recent Exam 2026 Actual Complete Real Exam Questions
And Correct Answers (Verified Answers) Already Graded
A+ | Assured Success!! Newest Exam | Just Released!!
If a buyer is obtaining a conventional mortgage, they must
include which of the
following information on the TREC Third Party Financing
Addendum? -
ANSWER-Amount of the loan, interest rate of the loan,
term of the loan
If a buyer is looking to purchase a property with the help of a
Texas Veterans
loan, which of the following must in included with the
purchase contract? -
ANSWER-Third Party Financing
Addendum
Veterans are allowed to have how many VA loans at any
given time...? -
ANSWER-
1
,Which of the following addenda must a veteran complete when
purchasing a new home with a VA loan when they already have
an outstanding VA loan...? - ANSWER-Addendum For Release
of Liability on Assumed Loan and/or Restoration of Seller's VA
Entitlement
Reverse mortgage financing is typically reserved for
borrowers over the age
of...? -
ANSWER-62
Reverse mortgage financing is primarily used for owner-
occupied residences...?
- ANSWER-
True
The loan amount in reverse mortgage ____ over time? -
ANSWER-Increase
A down payment made by a purchaser of real estate as
evidence of good faith
is referred to as...? - ANSWER-
Earnest money
Money, or other things of value, that a real estate agent
receives on behalf of
the principal or any other person involved in a transaction
is known as...? -
,ANSWER-Trust
funds
Which of the following acts as liquidated damages if the buyer
defaults on the
purchase contract...? - ANSWER-
Earnest money
An earnest money deposit is required in all residential
transactions - ANSWER-
False
Which of the following refers to a right given for a
consideration to purchase or lease a property upon specified
terms within a specified time, without obligating the party who
receives the right to exercise the right...? - ANSWER-Option
A person who receives an option is known as the? - ANSWER-
Optionee
A person who gives an option is known as the? - ANSWER-
Optionor
A buyer has _____ during the options period? - ANSWER-
Equitable title to the
property
Marcus has entered into a contract to purchase a new house.
What will Marcus
, do during the options period to ensure the property is in the
proper condition? -
ANSWER-Perform his due
diligence
The buyer loses their right to a termination option if they fail to
provide the options money within how many days of the
effective date of the contract...? -
ANSWER-3
The title policy for a property is discussed in paragraph ........of
the One to Four
Family Residential Contract - Resale -
ANSWER-6A
Who pays for the title policy stated in the purchase contract? -
ANSWER-Either
the buyer or seller, whatever is
agreed upon
Which of the following prohibits the seller from requiring a
specific title company
as a condition of the sale? -
ANSWER-RESPA
The title company used in a transaction must be agreed upon by
both the buyer
and the seller? -
ANSWER-True
