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AYPO REAL ESTATE PROMULGATED CONTRACTS
EXAM LATEST 2025/ 2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||LATEST EXAM!!!|| ||BRANDNEW!!!||
Which of these is an exemption to the "legal capacity"
requirement to form a contract? - Answer-A contract for a
life necessity.
A contract for non-life necessities with a person lacking
legal capacity is: - Answer-Voidable
A contract for deed is a classic example of a(n): - Answer-
Executory contract
An option is a form of which kind of contract? - Answer-
Unilateral
According to TREC a "reasonable time" within which to
deposit the escrow check is: - Answer-By the end of the
second business day following formation of the contract.
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An attachment added to the end of a contract and
incorporated in the contract terms is called an: - Answer-
Addendum
An assignment of rights is: - Answer-A transfer of rights or
duties under a contract from a current party to a contract
to another party.
An oral contract for the lease of a property for one year or
less has a statute of limitation of: - Answer-Two years
Which of these IS NOT a potential reason for terminating a
contract? - Answer-Specific performance
The Real Estate License Act was created to: - Answer-1.
Maintain high standards in the real estate profession.
2. Protect licensed brokers and salespersons from unfair
or improper competition.
3. Protect the public interests from dishonest or
incompetent brokers or salespersons.
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The unauthorized practice of law would include all of these
actions by a licensee, except: - Answer-Inserting minor
handwritten notes on the contract initialed by all parties.
The Broker-Lawyer Committee: - Answer-Develops forms
for TREC to adopt and promulgate at their discretion.
The current One to Four Family Residential Contract
(Resale) is which of these form numbers? - Answer-20-16
What is/are the seller's options when receiving an offer? -
Answer-1. Counter.
2. Accept.
3. Reject.
The offer becomes a sales contract when: - Answer-It is
accepted, signed by the seller, and acceptance
communicated to the buyer or buyer's agent.
Which of these IS NOT in the information requested
above? - Answer-Who is the buyer's employer?
AYPO REAL ESTATE PROMULGATED CONTRACTS
EXAM LATEST 2025/ 2026 ACTUAL EXAM WITH
COMPLETE QUESTIONS AND CORRECT DETAILED
ANSWERS (100% VERIFIED ANSWERS) |ALREADY
GRADED A+| ||LATEST EXAM!!!|| ||BRANDNEW!!!||
Which of these is an exemption to the "legal capacity"
requirement to form a contract? - Answer-A contract for a
life necessity.
A contract for non-life necessities with a person lacking
legal capacity is: - Answer-Voidable
A contract for deed is a classic example of a(n): - Answer-
Executory contract
An option is a form of which kind of contract? - Answer-
Unilateral
According to TREC a "reasonable time" within which to
deposit the escrow check is: - Answer-By the end of the
second business day following formation of the contract.
,2|Page
An attachment added to the end of a contract and
incorporated in the contract terms is called an: - Answer-
Addendum
An assignment of rights is: - Answer-A transfer of rights or
duties under a contract from a current party to a contract
to another party.
An oral contract for the lease of a property for one year or
less has a statute of limitation of: - Answer-Two years
Which of these IS NOT a potential reason for terminating a
contract? - Answer-Specific performance
The Real Estate License Act was created to: - Answer-1.
Maintain high standards in the real estate profession.
2. Protect licensed brokers and salespersons from unfair
or improper competition.
3. Protect the public interests from dishonest or
incompetent brokers or salespersons.
, 3|Page
The unauthorized practice of law would include all of these
actions by a licensee, except: - Answer-Inserting minor
handwritten notes on the contract initialed by all parties.
The Broker-Lawyer Committee: - Answer-Develops forms
for TREC to adopt and promulgate at their discretion.
The current One to Four Family Residential Contract
(Resale) is which of these form numbers? - Answer-20-16
What is/are the seller's options when receiving an offer? -
Answer-1. Counter.
2. Accept.
3. Reject.
The offer becomes a sales contract when: - Answer-It is
accepted, signed by the seller, and acceptance
communicated to the buyer or buyer's agent.
Which of these IS NOT in the information requested
above? - Answer-Who is the buyer's employer?
