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Texas Promulgated Forms Exam Questions and
Answers 100% Pass
Which of these promulgated forms does NOT include "time is of the essence"? - ANSWER ✔✔-Loan
Assumption Addendum
A couple starts celebrating the sale of their home after their listing agent calls them with the news that
they've received an acceptable offer. The listing agent says he is coming over to get their acceptance and
signatures. However, by the time the agent arrives the sellers are completely inebriated. The agent has
them sign the contract and then takes it to the title company. This contract is - ANSWER ✔✔-voidable
Which of the following is TRUE for the statute of limitations for contracts for the sale of real estate and
oral contracts for leases of less than one year? - ANSWER ✔✔-The statute of limitations is four years for
the sale and two years for the lease.
TREC promulgates the Loan Assumption Addendum. In a transaction where a buyer is assuming a
seller's loan - ANSWER ✔✔-TREC's Loan Assumption Addendum is required.
If a seller gave a letter to the listing agent with instructions not to deliver any offers for less than $250,000
and the listing agent receives an offer for $249,500, should he deliver it? - ANSWER ✔✔-The TREC allows
the listing agent to reject this offer because the seller has given written approval
How many promulgated contracts does TREC issue? - ANSWER ✔✔-6
Title policy information is in paragraph __ - ANSWER ✔✔-6
The addenda included in the agreement are in paragraph __ - ANSWER ✔✔-22
The closing date is in paragraph __ - ANSWER ✔✔-9
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The legal description of the property is in paragraph __ - ANSWER ✔✔-2
Earnest money is addressed in paragraph __ - ANSWER ✔✔-5
The names of the sellers and buyers, including marital status, are in paragraph __ - ANSWER ✔✔-1
License holder disclosure is addressed in paragraph __ - ANSWER ✔✔-4
The amount of the cash down payment is in paragraph __ - ANSWER ✔✔-3
The Addendum for Release of Liability on Assumed Loan and/or Restoration of Seller's VA Entitlement
allows ___ - ANSWER ✔✔-the parties to negotiate the time to complete their duties under the agreement
The buyer wishes to make an offer to buy a house for $185,000, with 70% financed through a first loan,
10% financed through a second loan, and a 20% cash down payment. How much is the down payment? -
ANSWER ✔✔-$37,000. Twenty percent of $185,000 is $37,000. The first loan will be for $129,500 and the
second loan will be for $18,500.
If the buyer wants to be sure the fireplace screen stays with the property, the buyer's agent should -
ANSWER ✔✔-do nothing; it is already in the contract.
A buyer wishes to get a USDA guaranteed loan. Which form should the agent use to address that type of
financing? - ANSWER ✔✔-Third Party Financing Addendum
The earnest money paragraph addresses all of the following EXCEPT - ANSWER ✔✔-Title policy
company
Which law requires that a contract have a proper legal description? - ANSWER ✔✔-The Statute of Frauds
Which paragraph of the One to Four Family Residential Contract indicates if the buyer has received the
seller's disclosure notice? - ANSWER ✔✔-Paragraph 7
Created by Grace Amelia © 2025, All Rights Reserved.
, 3|Page
What should a licensee do if the seller wishes to retain an item not specifically listed as an improvement
or accessory in paragraph 2 of the TREC One to Four Family Residential Contract? - ANSWER ✔✔-List
the item as an exclusion in paragraph 2D.
Which of the following is included in paragraph 2 of the TREC One to Four Family Residential Contract?
- ANSWER ✔✔-Excluded fixtures and accessories
Which of the following is not included in paragraph 7 of the TREC One to Four Family Residential
Contract? - ANSWER ✔✔-Who will pay for the title policy
If the buyer wants to be sure the fireplace screen stays with the property, the buyer's agent should -
ANSWER ✔✔-do nothing; it is already in the contract
The sellers purchased the home 20 years ago and had the property surveyed. They made no changes to
the property. Using the One to Four Family Residential Contract, what should the listing agent tell the
sellers to do about a survey? - ANSWER ✔✔-Use the Residential Real Property Affidavit and the existing
survey
Which of the following is/are considered adequate consideration to create a legally binding contract? -
ANSWER ✔✔-The promise of the buyer to buy and the promise of the seller to deliver title
The owner's title policy is a contract between which two parties? - ANSWER ✔✔-The buyer and the title
company
What happens if no dollar amount is inserted in paragraph 23 of the TREC One to Four Family
Residential Contract but the time period is filled in as 10 days? - ANSWER ✔✔-The paragraph is not part
of the contract.
Buyer must object not later than the closing date or within how many days after receiving the
commitment, exception documents, and the survey? - ANSWER ✔✔-An agreed-upon number
Created by Grace Amelia © 2025, All Rights Reserved.
Texas Promulgated Forms Exam Questions and
Answers 100% Pass
Which of these promulgated forms does NOT include "time is of the essence"? - ANSWER ✔✔-Loan
Assumption Addendum
A couple starts celebrating the sale of their home after their listing agent calls them with the news that
they've received an acceptable offer. The listing agent says he is coming over to get their acceptance and
signatures. However, by the time the agent arrives the sellers are completely inebriated. The agent has
them sign the contract and then takes it to the title company. This contract is - ANSWER ✔✔-voidable
Which of the following is TRUE for the statute of limitations for contracts for the sale of real estate and
oral contracts for leases of less than one year? - ANSWER ✔✔-The statute of limitations is four years for
the sale and two years for the lease.
TREC promulgates the Loan Assumption Addendum. In a transaction where a buyer is assuming a
seller's loan - ANSWER ✔✔-TREC's Loan Assumption Addendum is required.
If a seller gave a letter to the listing agent with instructions not to deliver any offers for less than $250,000
and the listing agent receives an offer for $249,500, should he deliver it? - ANSWER ✔✔-The TREC allows
the listing agent to reject this offer because the seller has given written approval
How many promulgated contracts does TREC issue? - ANSWER ✔✔-6
Title policy information is in paragraph __ - ANSWER ✔✔-6
The addenda included in the agreement are in paragraph __ - ANSWER ✔✔-22
The closing date is in paragraph __ - ANSWER ✔✔-9
Created by Grace Amelia © 2025, All Rights Reserved.
,2|Page
The legal description of the property is in paragraph __ - ANSWER ✔✔-2
Earnest money is addressed in paragraph __ - ANSWER ✔✔-5
The names of the sellers and buyers, including marital status, are in paragraph __ - ANSWER ✔✔-1
License holder disclosure is addressed in paragraph __ - ANSWER ✔✔-4
The amount of the cash down payment is in paragraph __ - ANSWER ✔✔-3
The Addendum for Release of Liability on Assumed Loan and/or Restoration of Seller's VA Entitlement
allows ___ - ANSWER ✔✔-the parties to negotiate the time to complete their duties under the agreement
The buyer wishes to make an offer to buy a house for $185,000, with 70% financed through a first loan,
10% financed through a second loan, and a 20% cash down payment. How much is the down payment? -
ANSWER ✔✔-$37,000. Twenty percent of $185,000 is $37,000. The first loan will be for $129,500 and the
second loan will be for $18,500.
If the buyer wants to be sure the fireplace screen stays with the property, the buyer's agent should -
ANSWER ✔✔-do nothing; it is already in the contract.
A buyer wishes to get a USDA guaranteed loan. Which form should the agent use to address that type of
financing? - ANSWER ✔✔-Third Party Financing Addendum
The earnest money paragraph addresses all of the following EXCEPT - ANSWER ✔✔-Title policy
company
Which law requires that a contract have a proper legal description? - ANSWER ✔✔-The Statute of Frauds
Which paragraph of the One to Four Family Residential Contract indicates if the buyer has received the
seller's disclosure notice? - ANSWER ✔✔-Paragraph 7
Created by Grace Amelia © 2025, All Rights Reserved.
, 3|Page
What should a licensee do if the seller wishes to retain an item not specifically listed as an improvement
or accessory in paragraph 2 of the TREC One to Four Family Residential Contract? - ANSWER ✔✔-List
the item as an exclusion in paragraph 2D.
Which of the following is included in paragraph 2 of the TREC One to Four Family Residential Contract?
- ANSWER ✔✔-Excluded fixtures and accessories
Which of the following is not included in paragraph 7 of the TREC One to Four Family Residential
Contract? - ANSWER ✔✔-Who will pay for the title policy
If the buyer wants to be sure the fireplace screen stays with the property, the buyer's agent should -
ANSWER ✔✔-do nothing; it is already in the contract
The sellers purchased the home 20 years ago and had the property surveyed. They made no changes to
the property. Using the One to Four Family Residential Contract, what should the listing agent tell the
sellers to do about a survey? - ANSWER ✔✔-Use the Residential Real Property Affidavit and the existing
survey
Which of the following is/are considered adequate consideration to create a legally binding contract? -
ANSWER ✔✔-The promise of the buyer to buy and the promise of the seller to deliver title
The owner's title policy is a contract between which two parties? - ANSWER ✔✔-The buyer and the title
company
What happens if no dollar amount is inserted in paragraph 23 of the TREC One to Four Family
Residential Contract but the time period is filled in as 10 days? - ANSWER ✔✔-The paragraph is not part
of the contract.
Buyer must object not later than the closing date or within how many days after receiving the
commitment, exception documents, and the survey? - ANSWER ✔✔-An agreed-upon number
Created by Grace Amelia © 2025, All Rights Reserved.
