AYPO Real Estate Law Of Contracts
AYPO REAL ESTATE LAW OF CONTRACTS NEWEST 2025 ACTUAL
EXAM COMPLETE 250 QUESTIONS AND CORRECT
ANSWERS(VERIFIED ANSWERS)|ALREADY GRADED A+
TRELA states unequivocally that it is illegal for a licensee to draw, i.e. create or develop which of
the following on their own?
a. A deed of trust
b. A deed
c. All of these
d. A will - ANSWER-c. All of these
Which of the New Home Contracts includes the Page 8 construction defect language?
a. Neither of them
b. Both of them
c. New Home Contract (incomplete)
d. New Home Contract (completed) - ANSWER-b. Both of them
Which Paragraph of the TREC 1-4 contract already includes a "time is of the essence" clause?
a. 23
b. 18
c. 6
d. 5 - ANSWER-d. 5
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How many multiple back-up offers can be in line at one time?
a. No more than two
b. Texas law only allows for one back-up offer at a time
c. There is no limit to the number of backup offers
d. No more than three - ANSWER-b. Texas law only allows for one back-up offer at a time
Which of these forms is for general consumer client information, and not directly related to a
sale?
a. Consumer Information Form
b. Both of these
c. Information About Brokerage Services
d. Neither of these - ANSWER-b. Both of these
A person is not engaged in a real estate brokerage, regardless of whether the person is licensed
under this chapter, based solely on engaging in which of the following activities?
a. Any of these.
b. Entering into an obligation to pay another person that is secured by an interest in real
property
c. Sponsoring, promoting, or managing, or otherwise participating as a principal, partner, or
financial manager of, an investment in real estate
d. Constructing, remodeling, or repairing a home or other building - ANSWER-a. Any of these.
To receive a daily rate of $40 in a buyer's or seller's lease, the monthly rate would have to be set
at which of these monthly rates?
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a. $900
b. $1,400
c. $1,200
d. $1,000 - ANSWER-c. $1,200
According to TREC a "reasonable time" within which to deposit the escrow check is:
a. By end of the day following signing
b. Within 72 hours
c. By the end of the second business following formation of the contract
d. By the end of the day of signing - ANSWER-c. By the end of the second business following
formation of the contract
A "release clause" in a mortgage agreement would allow which of the following additional
lender approval?
a. To obligate the lessee/owner to an irrevocable option to buy
b. To replace an existing contract with a new contract
c. To section off a portion of the property, the equivalent value of which has been paid off, and
sell off that portion if desired
d. To transfer rights or duties under a contract from a current party to a contract to another
party - ANSWER-c. To section off a portion of the property, the equivalent value of which has
been paid off, and sell off that portion if desired
The DTPA only applies to real estate transactions in situations involving:
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a. An express misrepresentation of a material fact that cannot be characterized as advice,
judgement, or opinion
b. An unconscionable action or course of action that cannot be characterized as advice,
judgement, or opinion.
c. A failure to disclose information known by the licensee at the time of the transaction if the
non-disclosure was intended to induce the consumer into a transaction they would not have
entered if they were aware of the undisclosed information
d. Any of these - ANSWER-d. Any of these
Texas' promulgated One to Four Family Residential Contract (Resale) §___ allows the buyer a
grace period in which they can cancel the deal without risking their escrow deposit.
a. 7
b. 5
c. 11
d. 22 - ANSWER-b. 5
To promulgate means which of the following? (best answer)
a. Officially announce, publish, make known to the public, or to formally announce a statute or a
decision by a court.
b. Mandatory use
c. All of these
d. To legislate or regulate - ANSWER-a. Officially announce, publish, make known to the public,
or to formally announce a statute or a decision by a court.
"Psychological stigmas," which involve violent or catastrophic events on a property, fall under
which category of disclosure?
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AYPO REAL ESTATE LAW OF CONTRACTS NEWEST 2025 ACTUAL
EXAM COMPLETE 250 QUESTIONS AND CORRECT
ANSWERS(VERIFIED ANSWERS)|ALREADY GRADED A+
TRELA states unequivocally that it is illegal for a licensee to draw, i.e. create or develop which of
the following on their own?
a. A deed of trust
b. A deed
c. All of these
d. A will - ANSWER-c. All of these
Which of the New Home Contracts includes the Page 8 construction defect language?
a. Neither of them
b. Both of them
c. New Home Contract (incomplete)
d. New Home Contract (completed) - ANSWER-b. Both of them
Which Paragraph of the TREC 1-4 contract already includes a "time is of the essence" clause?
a. 23
b. 18
c. 6
d. 5 - ANSWER-d. 5
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How many multiple back-up offers can be in line at one time?
a. No more than two
b. Texas law only allows for one back-up offer at a time
c. There is no limit to the number of backup offers
d. No more than three - ANSWER-b. Texas law only allows for one back-up offer at a time
Which of these forms is for general consumer client information, and not directly related to a
sale?
a. Consumer Information Form
b. Both of these
c. Information About Brokerage Services
d. Neither of these - ANSWER-b. Both of these
A person is not engaged in a real estate brokerage, regardless of whether the person is licensed
under this chapter, based solely on engaging in which of the following activities?
a. Any of these.
b. Entering into an obligation to pay another person that is secured by an interest in real
property
c. Sponsoring, promoting, or managing, or otherwise participating as a principal, partner, or
financial manager of, an investment in real estate
d. Constructing, remodeling, or repairing a home or other building - ANSWER-a. Any of these.
To receive a daily rate of $40 in a buyer's or seller's lease, the monthly rate would have to be set
at which of these monthly rates?
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a. $900
b. $1,400
c. $1,200
d. $1,000 - ANSWER-c. $1,200
According to TREC a "reasonable time" within which to deposit the escrow check is:
a. By end of the day following signing
b. Within 72 hours
c. By the end of the second business following formation of the contract
d. By the end of the day of signing - ANSWER-c. By the end of the second business following
formation of the contract
A "release clause" in a mortgage agreement would allow which of the following additional
lender approval?
a. To obligate the lessee/owner to an irrevocable option to buy
b. To replace an existing contract with a new contract
c. To section off a portion of the property, the equivalent value of which has been paid off, and
sell off that portion if desired
d. To transfer rights or duties under a contract from a current party to a contract to another
party - ANSWER-c. To section off a portion of the property, the equivalent value of which has
been paid off, and sell off that portion if desired
The DTPA only applies to real estate transactions in situations involving:
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a. An express misrepresentation of a material fact that cannot be characterized as advice,
judgement, or opinion
b. An unconscionable action or course of action that cannot be characterized as advice,
judgement, or opinion.
c. A failure to disclose information known by the licensee at the time of the transaction if the
non-disclosure was intended to induce the consumer into a transaction they would not have
entered if they were aware of the undisclosed information
d. Any of these - ANSWER-d. Any of these
Texas' promulgated One to Four Family Residential Contract (Resale) §___ allows the buyer a
grace period in which they can cancel the deal without risking their escrow deposit.
a. 7
b. 5
c. 11
d. 22 - ANSWER-b. 5
To promulgate means which of the following? (best answer)
a. Officially announce, publish, make known to the public, or to formally announce a statute or a
decision by a court.
b. Mandatory use
c. All of these
d. To legislate or regulate - ANSWER-a. Officially announce, publish, make known to the public,
or to formally announce a statute or a decision by a court.
"Psychological stigmas," which involve violent or catastrophic events on a property, fall under
which category of disclosure?
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