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AYPO REAL ESTATE LAW OF CONTRACTS TEST
EXAM ACCURATE AND FREQUENTLY TESTED
QUESTIONS AND 100% CORRECT ANSWERS WITH
RATIONALES|| LATEST AND COMPLETE UPDATE
WITH EXPERT VERIFIED SOLUTIONS|| SURE PASS!!
An advantage to buyers in a lease-purchase option is which of the following? -
ANSWER: It can be easier for a difficult to qualify buyer to purchase a home with
a lower down payments.
Eminent domain in Texas MAY NOT be used for which of these purposes? -
ANSWER: Private party uses.
Graduated and index leases are what types of leases? - ANSWER: Variable.
A "mirror" will is a : - ANSWER: Reciprocal will.
Under a land sales contract which of the following statements is accurate? (Best
answer.) - ANSWER: All of these are accurate.
Which type of listing agreement is the only one to guarantee the broker a
commission in the event of a successful sale? - ANSWER: Exclusive-right-to-sell
A Deed of Trust allows for what type of foreclosure? - ANSWER: Non- judicial
Once the offer to purchase and all details and contingencies are agreed upon, and
all parties are signed, which of these should happen next? - ANSWER: All of
these.
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A title search includes a searching of public records to determine these issues,
except for: - ANSWER: Credit history of the potential buyer.
Which of these might a certificate of title include? - ANSWER: Any of these
Contingencies are best described by which of the following? - ANSWER: Specific
events of conditions that must occur or be removed for the offer/purchase
agreement to be valid.
Oral agreements in relation to business purchases or hiring of services can be
enforceable under which of these circumstances? - ANSWER: If the words used
can be proven and the intent reasonably discerned from those words.
A non-exclusive/not for compensation buyer- broker agreement: - ANSWER: all
of these
For leases lasting less than ____, oral agreements can be enforceable. - ANSWER:
One year
Which of these provides the broadest definition of land, property, and ownership
rights? - ANSWER: Real Property.
For a valid contractual offer, the offer must do all except which of the following? -
ANSWER: Provide terms for an acceptable counter offer.
Which of these would NOT be a requirement to create a valid lease agreement? -
ANSWER: Financing disclosure
AYPO REAL ESTATE LAW OF CONTRACTS TEST
EXAM ACCURATE AND FREQUENTLY TESTED
QUESTIONS AND 100% CORRECT ANSWERS WITH
RATIONALES|| LATEST AND COMPLETE UPDATE
WITH EXPERT VERIFIED SOLUTIONS|| SURE PASS!!
An advantage to buyers in a lease-purchase option is which of the following? -
ANSWER: It can be easier for a difficult to qualify buyer to purchase a home with
a lower down payments.
Eminent domain in Texas MAY NOT be used for which of these purposes? -
ANSWER: Private party uses.
Graduated and index leases are what types of leases? - ANSWER: Variable.
A "mirror" will is a : - ANSWER: Reciprocal will.
Under a land sales contract which of the following statements is accurate? (Best
answer.) - ANSWER: All of these are accurate.
Which type of listing agreement is the only one to guarantee the broker a
commission in the event of a successful sale? - ANSWER: Exclusive-right-to-sell
A Deed of Trust allows for what type of foreclosure? - ANSWER: Non- judicial
Once the offer to purchase and all details and contingencies are agreed upon, and
all parties are signed, which of these should happen next? - ANSWER: All of
these.
, 2|Page
A title search includes a searching of public records to determine these issues,
except for: - ANSWER: Credit history of the potential buyer.
Which of these might a certificate of title include? - ANSWER: Any of these
Contingencies are best described by which of the following? - ANSWER: Specific
events of conditions that must occur or be removed for the offer/purchase
agreement to be valid.
Oral agreements in relation to business purchases or hiring of services can be
enforceable under which of these circumstances? - ANSWER: If the words used
can be proven and the intent reasonably discerned from those words.
A non-exclusive/not for compensation buyer- broker agreement: - ANSWER: all
of these
For leases lasting less than ____, oral agreements can be enforceable. - ANSWER:
One year
Which of these provides the broadest definition of land, property, and ownership
rights? - ANSWER: Real Property.
For a valid contractual offer, the offer must do all except which of the following? -
ANSWER: Provide terms for an acceptable counter offer.
Which of these would NOT be a requirement to create a valid lease agreement? -
ANSWER: Financing disclosure
