TEXAS PROMULGATED CONTRACT FORMS
SCRIPT 2026 SOLVED QUESTIONS WITH FULL
SOLUTION
◉ Prepared by management of a condominium project.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: E
◉ Should be prominently displayed in a broker's office.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: D
◉ Used to notify the seller of a buyer-initiated contract termination.
,a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: A
◉ Used when personal property is to be included in a sale.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: B
◉ If a property is under contract to a buyer, another buyer may use
the _______________ to enter into a contract for the property subject to
the failure of the first contract to close.
a. Addendum for Back-up Contract
b. Addendum for Sale of Other Property by Buyer
c. 1-4 Family Residential Contract
, d. Notice of Buyer's Termination of Contract. Answer: A
◉ The ________________ must promptly give notice of any material
changes to subdivision information.
a. Buyer
b. Listing Agent
c. Broker
d. Seller. Answer: D
◉ The Condominium Resale Certificate should be prepared by the
___________________.
a. Title company
b. Seller's agent
c. Condominium management
d. Buyer. Answer: C
◉ A _______________ is a sale in which a home is to be sold, with
lender's consent, at a price less than the outstanding balance on a
mortgage.
a. Deed in lieu of foreclosure
SCRIPT 2026 SOLVED QUESTIONS WITH FULL
SOLUTION
◉ Prepared by management of a condominium project.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: E
◉ Should be prominently displayed in a broker's office.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: D
◉ Used to notify the seller of a buyer-initiated contract termination.
,a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: A
◉ Used when personal property is to be included in a sale.
a. Buyer's Termination Form
b. Non-Realty Items Addendum
c. Short Sale Addendum
d. Consumer Information Form
e. Condominium Resale Certificate. Answer: B
◉ If a property is under contract to a buyer, another buyer may use
the _______________ to enter into a contract for the property subject to
the failure of the first contract to close.
a. Addendum for Back-up Contract
b. Addendum for Sale of Other Property by Buyer
c. 1-4 Family Residential Contract
, d. Notice of Buyer's Termination of Contract. Answer: A
◉ The ________________ must promptly give notice of any material
changes to subdivision information.
a. Buyer
b. Listing Agent
c. Broker
d. Seller. Answer: D
◉ The Condominium Resale Certificate should be prepared by the
___________________.
a. Title company
b. Seller's agent
c. Condominium management
d. Buyer. Answer: C
◉ A _______________ is a sale in which a home is to be sold, with
lender's consent, at a price less than the outstanding balance on a
mortgage.
a. Deed in lieu of foreclosure
