LAW OF CONTRACT FINAL EXAM || MOST RECENT EXAM ACTUAL COMPLETE REAL VERIFIED EXAM QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) ALREADY GRADED A+ | GUARANTEED SUCCESS!! NEWEST EXAM!!!

1|Page


LAW OF CONTRACT FINAL EXAM || MOST RECENT
EXAM ACTUAL COMPLETE REAL VERIFIED EXAM
QUESTIONS AND CORRECT ANSWERS (VERIFIED
ANSWERS) ALREADY GRADED A+ | GUARANTEED
SUCCESS!! NEWEST EXAM!!!


The law that established the Texas Real Estate
Commission.


A) TREC
B) TRELA
C) TAR
D) TCEQ - Answer-B) TRELA
C) TAR wrong


This act provides a three day right of rescission.


A) Equal Credit Opportunity Act
B) Truth-in-Lending
C) RESPA
D) Fair Housing Act - Answer-B) Truth-in-Lending

,2|Page




Agency law consist of the:


A) Texas law of agency
B) Texas Real Estate License Act
C) Texas Real Estate Commission
D) Texas Constitution - Answer-B) Texas Real Estate
License Act


In owner financing, who receives the DEED OF TRUST?


A) Buyer
B) Escrow officer
C) Seller
D) Mortgage company - Answer-C) Seller


An automatic legal process by which an effect or result, or
liability or right, is created of extinguished without the
consent of either party.


A) Default

, 3|Page


B) Operation of law
C) Breach
D) Option - Answer-wrong C) Breach
wrong A) Default


Who is responsible to search and examine the public
records for information related to the property's title?


A) Buyer
B) Broker
C) Inspector
D) Escrow officer - Answer-D) Escrow officer


wrong B) Broker


Who approves the property, loan and HUD-1?


A) Underwriter
B) Loan Officer
C) Escrow Officer