TEXAS PROMULGATED CONTRACT
FORMS (4) EXAM QUESTIONS AND
ANSWERS. VERIFIED 2026.
TREC was established in: - ANS 1949
If a property is not located within a city, what should be included in the legal description? -
ANS Unincorporated
ABC Corporation is purchasing a residential property in Houston. How should the corporation's
name appear on the contract? - ANS ABC Corporation, a texas corporation
John Doe is an unmarried individual who is buying his first house. How should his name show
up on the purchase contract? - ANS John Doe, An Unmarried Person
The one to Four family residential contract - resale is NOT used for which type of property? -
ANS Condominiums
If a buyer is purchasing a property involving the assumption of an existing loan, which of the
following documents must be included with the purchase contract? - ANS TREC Loan
Assumption Addendum
A temporary lease is used when? - ANS The buyer moves into the property prior to closing
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
, Paragraph 5 of the one to four family residential contract - resale primarily deals with? -
ANS Earnest Money
A married couple is buying a property. Which is the BEST way to write their names in the
contract? - ANS Georgianna Serif and spouse Bryan Serif. It's best to use full names and
specify any relation
The seller of an unimproved property would provide a disclosure about the property in what
location? - ANS In paragraph 7E of TREC Unimproved Property Contract
Agent Kara signed a buyer's representation agreement with her client that set her commission
at 3%. The listing broker of the home her client chose offered 3.5% to the buyer's broker. What
percentage of the sale price of the home will Kara's commission be? - ANS 3.5%
Third Party financing addendum protects what? - ANS Earnest money
Paragraph D of the Short Sale Addendum contains a date by which the seller must get approval
from their lender for the sale. What happens if the lender does not give approval by the date? -
ANS The contract will terminate and the earnest money will be refunded to the buyer.
According to Paragraph 10B, Possessions, what is a seller prohibited from doing after the
effective date? - ANS the seller cannot execute any lease without the buyer's permission.
According to Paragraph 6B: Commitments in the promulgated One to Four Family Residential
Contract, what must be provided to the buyer along with the title policy documents? -
ANS Any restrictive covenants. You would not include comments about the material
condition of the property in Paragraph 6B.
How long after receiving an Addendum for Property Subject to Mandatory Membership in an
Owner's Association does a buyer have to terminate the contract? - ANS 3 days
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
FORMS (4) EXAM QUESTIONS AND
ANSWERS. VERIFIED 2026.
TREC was established in: - ANS 1949
If a property is not located within a city, what should be included in the legal description? -
ANS Unincorporated
ABC Corporation is purchasing a residential property in Houston. How should the corporation's
name appear on the contract? - ANS ABC Corporation, a texas corporation
John Doe is an unmarried individual who is buying his first house. How should his name show
up on the purchase contract? - ANS John Doe, An Unmarried Person
The one to Four family residential contract - resale is NOT used for which type of property? -
ANS Condominiums
If a buyer is purchasing a property involving the assumption of an existing loan, which of the
following documents must be included with the purchase contract? - ANS TREC Loan
Assumption Addendum
A temporary lease is used when? - ANS The buyer moves into the property prior to closing
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
1
, Paragraph 5 of the one to four family residential contract - resale primarily deals with? -
ANS Earnest Money
A married couple is buying a property. Which is the BEST way to write their names in the
contract? - ANS Georgianna Serif and spouse Bryan Serif. It's best to use full names and
specify any relation
The seller of an unimproved property would provide a disclosure about the property in what
location? - ANS In paragraph 7E of TREC Unimproved Property Contract
Agent Kara signed a buyer's representation agreement with her client that set her commission
at 3%. The listing broker of the home her client chose offered 3.5% to the buyer's broker. What
percentage of the sale price of the home will Kara's commission be? - ANS 3.5%
Third Party financing addendum protects what? - ANS Earnest money
Paragraph D of the Short Sale Addendum contains a date by which the seller must get approval
from their lender for the sale. What happens if the lender does not give approval by the date? -
ANS The contract will terminate and the earnest money will be refunded to the buyer.
According to Paragraph 10B, Possessions, what is a seller prohibited from doing after the
effective date? - ANS the seller cannot execute any lease without the buyer's permission.
According to Paragraph 6B: Commitments in the promulgated One to Four Family Residential
Contract, what must be provided to the buyer along with the title policy documents? -
ANS Any restrictive covenants. You would not include comments about the material
condition of the property in Paragraph 6B.
How long after receiving an Addendum for Property Subject to Mandatory Membership in an
Owner's Association does a buyer have to terminate the contract? - ANS 3 days
@COPYRIGHT 2026/2027 ALL RIGHTS RESERVED
2
