Exam Newest 2026 Questions and Correct Detailed
Answers Already Graded A+
Which of the following would not fall under the unauthorized practice of law? -
CORRECT ANSWER-Revealing material facts about the property
When filling out a pre-printed form, a real estate agent cannot do which of the
following? - CORRECT ANSWER-Add sections to the form, strike-out sections
of the form, sign on behalf of the principal
A real estate agent cannot pay for a lawyer to act on behalf of his/her client? -
CORRECT ANSWER-True
A real estate agent should advise their client that any contract they sign is? -
CORRECT ANSWER-Binding
According to TRELA, a salesperson's license may be suspended or ________ for
the unauthorized practice of law? - CORRECT ANSWER-Revoked
,Which part of a sales contract most leaves an agent liable for the unauthorized
practice of law? - CORRECT ANSWER-Special Provisions
Who approves the contract forms drafted by the Broker/Lawyer Committee...? -
CORRECT ANSWER-TREC
The execution of a contract by which the contracting parties are automatically
discharged of their obligations under it is known as...? - CORRECT ANSWER-
Performance
Which of the following is an example of consideration? - CORRECT ANSWER-
Money, personal services, cash
A State law requiring certain contracts to be in writing and signed before they will
be enforceable at law is known as the? - CORRECT ANSWER-Statute of Frauds
Which of the following is an example of a forbearance contract? - CORRECT
ANSWER-Options contract
A valid contract must be ______ and enforceable? - CORRECT ANSWER-
Binding
,Which of the following real estate contracts does not have to be in writing? -
CORRECT ANSWER-Leases under one year
If one of the parties to a contract does not voluntarily agree to the contract, this
element of valid contract is violated? - CORRECT ANSWER-Mutual agreement
To have no force or effect is referred to as a .......... contract? - CORRECT
ANSWER-Void
That which is capable of being adjusted void, but is not unless action is taken to
make it so, is referred to as a/an ............ contract? - CORRECT ANSWER-
Voidable
In order to be considered a competent party, an individual must be of the age of
the? - CORRECT ANSWER-Majority
A contract in which one of the parties is a minor is considered a - CORRECT
ANSWER-Voidable contract
, A contract in which there is fraud by either commission or omission is voidable by
the? - CORRECT ANSWER-Non-fraudulent party
A contract in which each party promises to do something is referred to as a -
CORRECT ANSWER-Bilateral contract
When one party promises to do something if the other party performs a certain
act, but the other party does not promise to perform it, it is referred to as a? -
CORRECT ANSWER-Unilateral contract
An options contract is an example of a/an? - CORRECT ANSWER-Unilateral
contract
Which of the following is an example of a bilateral contract? - CORRECT
ANSWER-Listing contract, sales contract, and independent contractor agreement
What is an amendment? - CORRECT ANSWER-A change in a legal document
made by adding, altering, or omitting a certain part or term
What is an addendum? - CORRECT ANSWER-Additional pages of material that
are added to and become part of a contract