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TEXAS PROMULGATED CONTRACTS REVIEW EXAM 2026 QUESTIONS AND ANSWERS SURE A.pdf

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TEXAS PROMULGATED CONTRACTS REVIEW EXAM 2026 QUESTIONS AND ANSWERS SURE A.pdf

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TEXAS PROMULGATED CONTRACTS
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TEXAS PROMULGATED CONTRACTS

Voorbeeld van de inhoud

TEXAS PROMULGATED CONTRACTS REVIEW EXAM
2026 QUESTIONS AND ANSWERS SURE A+
✔✔Who are professionals that can determine the integrity of a building? - ✔✔Structural
Engineers

✔✔A buyer is most likely to request an assessment on the TREC Environmental
Assessment, Threatened or Endangered Species, and Wetlands Addendum for which
of the following issues? - ✔✔Environment, Threatened or Endangered Species, and
Wetlands

✔✔What is the best definition for "option" when referring to TREC One To Four Family
Residential Contract (Resale)? - ✔✔The days the buyer would have to terminate
without recourse

✔✔What must the seller disclose to a buyer about a property? - ✔✔All material facts

✔✔Exemptions to the requirement for providing a Seller's Disclosure Notice include all
the following except: - ✔✔Transfer from an investor in real property.

✔✔If a buyer's agent receives a finder's fee from a lender, the agent: - ✔✔must disclose
the information to all parties in the transaction.

✔✔Can a residential purchase agreement be valid if it has "zero" earnest money? -
✔✔Yes, Earnest money is not required.

✔✔Which of the following could possibly claim an interest into an owners title? -
✔✔Government
The purchase money lender
Contractors

, ✔✔How many days is an option for? - ✔✔negotiable

✔✔Why might a buyer want to have an option to terminate? - ✔✔To call for a house
inspection.
To have time to make the best decision
To lock up a property while shopping for others.

✔✔A title search could uncover all the following EXCEPT - ✔✔a low appraisal

✔✔With the Seller's Temporary Lease, who is the landlord? - ✔✔Buyer

✔✔What is the maximum amount of days that is allowed using the Seller's Temporary
Lease? - ✔✔90

✔✔At what time is the rent due according to the Seller's Temporary Lease? - ✔✔On the
date of closing of the purchase agreement

✔✔How does the Seller's Temporary Lease handle the tenant making improvements? -
✔✔If the tenant is allowed to improve the property by the landlord, those improvements
become the landlord's.

✔✔According to the Buyer's Temporary Lease, who is responsible for all repairs during
the lease period? - ✔✔Tenant

✔✔The Seller's Temporary Residential Lease calculates rent on a - ✔✔daily rate.

✔✔Using the Texas Real Estate Commission promulgated Buyer's Temporary
Residential Lease, a buyer can lease a property up to ______ prior to closing. - ✔✔90
days

✔✔Under TREC 16-5, who is responsible for any injuries that occur during the lease
agreement? - ✔✔The buyer

✔✔If a home is being leased back to the seller under TREC Seller's Temporary Lease,
when should a walk-through of the home be performed? - ✔✔Prior to closing and prior
to the end of the lease term

✔✔What is the maximum about of time allowed to lease on the TREC promulgated
Buyer's Temporary Lease? - ✔✔90 days

✔✔On the TREC No 15-5 Seller's Temporary Residential Lease, the ____________ is
the landlord and the ____________ is the tenant. - ✔✔buyer, seller

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TEXAS PROMULGATED CONTRACTS
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