CHAMPIONS PROMULGATED CONTRACT
FORMS ACTUAL TEST BANK ADVANCED
EVALUATION PAPER 2026 COMPLETE
SEVENTY FIVE QUESTIONS AND EXPERT
VERIFIED SOLUTIONS PREMIUM
RESOURCE 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
FORMS ACTUAL TEST BANK ADVANCED
EVALUATION PAPER 2026 COMPLETE
SEVENTY FIVE QUESTIONS AND EXPERT
VERIFIED SOLUTIONS PREMIUM
RESOURCE 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
