TEXAS PROMULGATED CONTRACT FORMS
EXAMPREP STUDY GUIDE 2026 TESTED
QUESTIONS WITH ACCURATE ANSWERS
◉ If a property is not located within a city, what should be included
in the legal description? Answer: Unincorporated
◉ ABC Corporation is purchasing a residential property in Houston.
How should the corporation's name appear on the contract? Answer:
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? Answer:
John Doe, An Unmarried Person
◉ The one to Four family residential contract - resale is NOT used
for which type of property? Answer: 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? Answer: TREC Loan Assumption
Addendum
, ◉ A temporary lease is used when? Answer: The buyer moves into
the property prior to closing
◉ Paragraph 5 of the one to four family residential contract - resale
primarily deals with? Answer: Earnest Money
◉ A married couple is buying a property. Which is the BEST way to
write their names in the contract? Answer: 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? Answer: 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? Answer:
3.5%
◉ Third Party financing addendum protects what? Answer: Earnest
money
EXAMPREP STUDY GUIDE 2026 TESTED
QUESTIONS WITH ACCURATE ANSWERS
◉ If a property is not located within a city, what should be included
in the legal description? Answer: Unincorporated
◉ ABC Corporation is purchasing a residential property in Houston.
How should the corporation's name appear on the contract? Answer:
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? Answer:
John Doe, An Unmarried Person
◉ The one to Four family residential contract - resale is NOT used
for which type of property? Answer: 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? Answer: TREC Loan Assumption
Addendum
, ◉ A temporary lease is used when? Answer: The buyer moves into
the property prior to closing
◉ Paragraph 5 of the one to four family residential contract - resale
primarily deals with? Answer: Earnest Money
◉ A married couple is buying a property. Which is the BEST way to
write their names in the contract? Answer: 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? Answer: 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? Answer:
3.5%
◉ Third Party financing addendum protects what? Answer: Earnest
money
