CONTRACTS ACTUAL EXAM
QUESTIONS |GUARANTEED
ACCURATE ANSWERS |LATEST
VERSION 2025\26
"Psychological stigmas," which involve violent or catastrophic events on
a property, fall under which category of disclosure?
a. Required disclosures
b. Prohibited disclosures
c. Permitted disclosures
d. None of these - ACCURATE ANSWERS✔✔ c. Permitted disclosures
If there is a field in a promulgated form for which you have no
information to include, your safest option is which of the following?
a. Run a line through it
b. Place "N/A" (not applicable) so it is clear that the buyer/buyer's agent
is aware that the section exists and was not just overlooked
c. Any of these
,d. Just leave it blank - ACCURATE ANSWERS✔✔ b. Place "N/A" (not
applicable) so it is clear that the buyer/buyer's agent is aware that the
section exists and was not just overlooked
Which of these is an exemption to the "legal capacity" requirement to
form a contract?
a. A contract for a life necessity
b. The other party had no knowledge of the party's lack of legal capacity
c. Both of these are correct
d. Neither of these are correct - ACCURATE ANSWERS✔✔ a. A
contract for a life necessity
An amendment must always include reference to all of these, except:
a. The title report
b. The original contract
c. Parties
d. Date of ratification - ACCURATE ANSWERS✔✔ a. The title report
What category of disclosure do "psychological stigmas" fall into in
Texas?
,a. Prohibited
b. Required
c. Permitted
d. None of these - ACCURATE ANSWERS✔✔ c. Permitted
Promulgated contracts for TRELA generally are developed by which of
the following?
a. TREC
b. National Association of Realtors
c. Texas Bar Association
d. The Broker-Lawyer Committee - ACCURATE ANSWERS✔✔ d. The
Broker-Lawyer Committee
If the seller has misled or misrepresented something, the signature at
closing:
a. Terminates any obligation to the buyer
b. Neither of these
c. Either of these
d. Does not release them from those promises - ACCURATE
ANSWERS✔✔ d. Does not release them from those promises
, Restrictive covenants are regulations which can include which of the
following?
a. Dictating minimum residence size
b. Nuber of homes per lot
c. Types of construction allowed and not allowed
d. All of these - ACCURATE ANSWERS✔✔ d. All of these
Before leasing the property back to a seller or leasing it ahead of closing
to a buyer, both parties need to pay attention to the effect that leasing
will have on which of the following?
a. Their insurance coverage
b. The Seller's disclosure
c. The title commitment
d. The title policy - ACCURATE ANSWERS✔✔ a. Their insurance
coverage
HUD's primary concern is to ensure that any occupancy standards are
not so strict as:
a. To discriminate against single residents
b. To undo protections of families with children