LAW OF CONTRACTS CHAMPIONS TEST QUESTIONS
AND ANSWERS VERFIED AND DETAILED
LATEST VERSION 2026
In ______the Texas Real Estate Commission was established to
administer and enforce the TRELA.
a. 1939
b. 1929
c. 1949
d. 1993
c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4
b. 2
In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b
d. both a and b
Which of the following can result in a license revocation or suspension
by TREC?
(a) Failure to use TRECs promulgated forms
,(b) Failure to use a form written by an attorney
(c) Failure to use a form required by a party
(d) all of the above
(d) all of the above
Which of the following does TREC have promulgated sales contract
forms for?
(a) Lease purchase
(b) Right of First Refusal
(c) Lease option
(d) Homes and condos
(d) Homes and condos
If a client is interested in a lease with an option to purchase or a right
of first refusal, the assistance of a(n)_________ is required.
(a) Attorney
(b) Broker
(c) TREC Representative
(d) Subagent
(a) Attorney
The State of Texas requires that most sellers of residential property
provide a _______ whether or not the seller has ever occupied the
property.
(a) Amendment to Contract
(b) Seller's Temporary Residential Lease
(c) Seller's Disclosure
(d) Seller Financing Addendum
, (c) Seller's Disclosure
TREC's residential contract forms, ______, are mandatory for license
holders, with few exceptions.
(a) for optional use by real estate license holders
(b) drafted by the Broker Lawyer Committee
(c) promulgated by the Broker Lawyer Committee
(d) mandatory for all real estate transactions in Texas
(b) drafted by the Broker Lawyer Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures
(c) Goods
The _______ statute provides that the sender's message must contain
clear and conspicuous notice that the message is an advertisement or
solicitation..
(a) CAN-SPAM
(b) Interstate Land Sales Full Disclosure Act
(c) Do Not Call
(d) Junk Fax Prevention Act
(a) CAN-SPAM
A ________ is a possible polluter who may be held liable under
CERCLA for the contamination of a property or resource.
AND ANSWERS VERFIED AND DETAILED
LATEST VERSION 2026
In ______the Texas Real Estate Commission was established to
administer and enforce the TRELA.
a. 1939
b. 1929
c. 1949
d. 1993
c. 1949
TREC has only _______ promulgated lease forms.
a. 1
b. 2
c. 3
d. 4
b. 2
In the TAR® Seller's Disclosure the seller should _______.
a. prepare the disclosure when the listing is taken
b. be the only one completing this form or any part of it
c. none of the above
d. both a and b
d. both a and b
Which of the following can result in a license revocation or suspension
by TREC?
(a) Failure to use TRECs promulgated forms
,(b) Failure to use a form written by an attorney
(c) Failure to use a form required by a party
(d) all of the above
(d) all of the above
Which of the following does TREC have promulgated sales contract
forms for?
(a) Lease purchase
(b) Right of First Refusal
(c) Lease option
(d) Homes and condos
(d) Homes and condos
If a client is interested in a lease with an option to purchase or a right
of first refusal, the assistance of a(n)_________ is required.
(a) Attorney
(b) Broker
(c) TREC Representative
(d) Subagent
(a) Attorney
The State of Texas requires that most sellers of residential property
provide a _______ whether or not the seller has ever occupied the
property.
(a) Amendment to Contract
(b) Seller's Temporary Residential Lease
(c) Seller's Disclosure
(d) Seller Financing Addendum
, (c) Seller's Disclosure
TREC's residential contract forms, ______, are mandatory for license
holders, with few exceptions.
(a) for optional use by real estate license holders
(b) drafted by the Broker Lawyer Committee
(c) promulgated by the Broker Lawyer Committee
(d) mandatory for all real estate transactions in Texas
(b) drafted by the Broker Lawyer Committee
Which of the following are defined as tangible chattels?
(a) Consumers
(b) Services
(c) Goods
(d) Fixtures
(c) Goods
The _______ statute provides that the sender's message must contain
clear and conspicuous notice that the message is an advertisement or
solicitation..
(a) CAN-SPAM
(b) Interstate Land Sales Full Disclosure Act
(c) Do Not Call
(d) Junk Fax Prevention Act
(a) CAN-SPAM
A ________ is a possible polluter who may be held liable under
CERCLA for the contamination of a property or resource.
