AYPO Real Estate Promulgated Contracts Actual
Exam 2025 | Complete Questions and Correct
Answers | Already Graded A+ | Verified Answers |
Just Released
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 ---------CORRECT ANSWER-----------------d. 5
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 ---------CORRECT 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 ---------CORRECT 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 ---------
CORRECT 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?
a. $900
b. $1,400
c. $1,200
, d. $1,000 ---------CORRECT 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 ---------CORRECT 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 ---------CORRECT 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
Exam 2025 | Complete Questions and Correct
Answers | Already Graded A+ | Verified Answers |
Just Released
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 ---------CORRECT ANSWER-----------------d. 5
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 ---------CORRECT 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 ---------CORRECT 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 ---------
CORRECT 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?
a. $900
b. $1,400
c. $1,200
, d. $1,000 ---------CORRECT 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 ---------CORRECT 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 ---------CORRECT 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
