PRINCIPLES EXAM WITH CORRECT
ACTUAL QUESTIONS AND CORRECTLY
WELL DEFINED ANSWERS LATEST
ALREADY GRADED A+ 2025 - 2026
Amendment - ANSWERS-Changes or makes modifications to an
already agreed upon contract
Approved - ANSWERS-Promulgated
Agency Relationship Forms - ANSWERS-TREC has chosen not to
create contracts that establish agency relationships
TAR - ANSWERS-other than your brokerage, you can get legal buyer
representation forms from
, An Attorney - ANSWERS-may also create a buyer representation
form on behalf of the property owner
One to Four Family Residential Contract - ANSWERS-the standard
contract form and is used for the sale of single-family residential
properties
lease with option to buy - ANSWERS-a contract in which the buyer
can lease a property for a period of time (usually a year) and then
have an option to buy the property at the end of the lease period
Buyer's Market - ANSWERS-relatively low demand for real estate in
the area (it will take 6 months or more to sell a house)
Agent - ANSWERS-A person who acts on behalf of someone else
Seller's Disclosure Notice - ANSWERS-A document filled out by the
seller concerning any defects in the improvements on the property
Subagent - ANSWERS-A license holder from one office who
represents the seller through cooperation with the listing broker of
another company
Material Fact - ANSWERS-Any fact that is significant or essential to
the transaction