CHAMPIONS PROMULGATED CONTRACT
FORMS ACTUAL TEST PAPER 2026 QUESTIONS
SOLUTIONS GRADED A+
◉ Residential Condominium (Resale) Answer: A TREC promulgated
contract for use where the seller does not own fee simple title to the
land beneath the unit.
◉ New Home Contract (Completed Construction) Answer: This
contract form is used for new homes where the construction has
been completed by the builder and no one has previously lived in the
home.
◉ New Home Contract (Incomplete Construction) Answer: The
contract is used for the sale of new homes when construction has
not yet been completed by the builder and when the closing will
occur after construction has been completed.
◉ Unimproved Property Contract Answer: Used for the sale of
properties with no existing structure. This contract has no
improvements, or accessories. No seller disclosure.
◉ Farm and Ranch Contract Answer: A TREC promulgated contract
for use where the land being sold is greater than 10 acres and
, includes land, improvements, accessories and crops. Contains
provisions for surface leases related to a property
◉ The parties to the contract specifically as noted in paragraph 18.A
Answer: The escrow agent is not a party to this contract and does
not have liability for the performance or non-performance of any
part of this contract, or liable for any interest or loss on any earnest
money cause by the failure of any financial institution.
◉ The purpose and use of Paragraph 6- Answer: The owner's Title
policy being paid for by buyer or seller. The Title company has 20
days from when they receive the contract to furnish a commitment
to buyer for Title Insurance. Objections, who will furnish the survey,
the intended use of the property (residential use) and any
membership in property associations.
◉ Stigmatized properties Answer: Any property where there has
been a murder, alleged haunting, or in the vicinity of the residence of
a known sexual offender
◉ The unlawful practice of law Answer: License holders should not
alter the pre-printed text of a promulgated form. Specific examples -
agents add provisions to contracts other than business details:
Example: Inserting terms into a contract when a TREC promulgated
form is available. Adding terms into a contract that are not
addressed by a TREC promulgated form.
FORMS ACTUAL TEST PAPER 2026 QUESTIONS
SOLUTIONS GRADED A+
◉ Residential Condominium (Resale) Answer: A TREC promulgated
contract for use where the seller does not own fee simple title to the
land beneath the unit.
◉ New Home Contract (Completed Construction) Answer: This
contract form is used for new homes where the construction has
been completed by the builder and no one has previously lived in the
home.
◉ New Home Contract (Incomplete Construction) Answer: The
contract is used for the sale of new homes when construction has
not yet been completed by the builder and when the closing will
occur after construction has been completed.
◉ Unimproved Property Contract Answer: Used for the sale of
properties with no existing structure. This contract has no
improvements, or accessories. No seller disclosure.
◉ Farm and Ranch Contract Answer: A TREC promulgated contract
for use where the land being sold is greater than 10 acres and
, includes land, improvements, accessories and crops. Contains
provisions for surface leases related to a property
◉ The parties to the contract specifically as noted in paragraph 18.A
Answer: The escrow agent is not a party to this contract and does
not have liability for the performance or non-performance of any
part of this contract, or liable for any interest or loss on any earnest
money cause by the failure of any financial institution.
◉ The purpose and use of Paragraph 6- Answer: The owner's Title
policy being paid for by buyer or seller. The Title company has 20
days from when they receive the contract to furnish a commitment
to buyer for Title Insurance. Objections, who will furnish the survey,
the intended use of the property (residential use) and any
membership in property associations.
◉ Stigmatized properties Answer: Any property where there has
been a murder, alleged haunting, or in the vicinity of the residence of
a known sexual offender
◉ The unlawful practice of law Answer: License holders should not
alter the pre-printed text of a promulgated form. Specific examples -
agents add provisions to contracts other than business details:
Example: Inserting terms into a contract when a TREC promulgated
form is available. Adding terms into a contract that are not
addressed by a TREC promulgated form.
