Exam (elaborations)
Texas Law of Contracts Mini-Quizzes with correct Answers
- Course
- Institution
Texas Law of Contracts Mini-Quizzes with correct Answers
[Show more]
Content preview
Texas Law of Contracts: Mini-Quizzeswith correct Answers
Texas Real Estate License Act - Correct Answers -The requirements to become a
licensed real estate agent in Texas are described in which of the following
documents...?
Texas Real Estate Certification Act
Texas Real Estate License Act
Texas Employment Act
Texas Independent Contractor Act
Texas Real Estate Comission - Correct Answers -Who is responsible for enforcing the
Texas Real Estate License Act...?
Texas Real Estate Commission
Texas Bureau of Real Estate
Texas Congress
Governor of Texas
1949 - Correct Answers -The Texas Real Estate Commission was created in what
year...?
1931
1949
1988
2001
Real Estate Dealers License Act - Correct Answers -The Texas Real Estate License Act
was formally known as the...?
Real Estate Practice Act
Real Estate Commission Act
Real Estate Certification Act
Real Estate Dealers License Act
Texas Real Estate License Act - Correct Answers -The acronym TRELA refers to which
of the following...?
,The Real Estate License Administration
The Real Estate Legal Act
Texas Real Estate License Act
Texas Real Estate Legal Administration
Law - Correct Answers -Real estate agents are not permitted to practice which of the
following...?
Marketing
Real estate sales
Law
Advertising
Provide Legal Advice - Correct Answers -According to TRELA, real estate brokers are
unauthorized to do which of the following...?
Provide legal advice
Market properties
Advertise properties
Earn a commission from the sale of a property
Market a Property - Correct Answers -Real estate brokers are permitted to do which of
the following...?
Draft a contract
Market a property
Provide legal advice
All of the above
All of the Above - Correct Answers -Real estate brokers are not permitted to do which of
the following...?
Draft new contracts
Provide legal advice
Revise the Texas promulgated contract forms
All of the above
Drafting a New Deed for a Client - Correct Answers -A real estate broker's license may
be revoked for which of the following acts...?
Drafting a new deed for a client
Marketing a property on the MLS
Advertising a property on Facebook
Entering into a listing contract with a seller
,Complete the Special Provisions Section of a Contract - Correct Answers -Real estate
brokers are allowed to do which of the following...?
Complete the Special Provisions section of a contract
Revise the promulgated contract forms
Draft a deed
All of the above
Editing Promulgated Contract Forms - Correct Answers -The Broker/Lawyer Committee
is responsible for which of the following...?
Issuing a license to an agent or broker
Editing the promulgated contract forms
Suspending or revoking a real estate license
All of the above
13 - Correct Answers -The Broker/Lawyer Committee consists of how many
members...?
3
7
11
13
6 - Correct Answers -The Broker/Lawyer Committee consists of how many real estate
brokers...?
1
6
11
13
6 - Correct Answers -The Broker/Lawyer Committee consists of how many attorneys...?
1
6
11
13
1 - Correct Answers -The Broker/Lawyer Committee consists of how many people from
the public...?
1
6
11
13
, Standard Forms - Correct Answers -Promulgated forms are considered...?
Custom forms
Standard forms
Adaptable forms
Basic form
Seller Disclosures - Correct Answers -The TREC form OP-H is used for which of the
following reasons...?
Agent disclosure
Seller disclosures
Buyer disclosure
Attorney disclosures
True - Correct Answers -A seller can limit their liability by completing the seller
disclosure form...?
True
False
False - Correct Answers -As an agent to the seller, the broker should fill out the seller
disclosure form on behalf of the seller...?
True
False
When Property is Being Sold as a Result of a Court Order - Correct Answers -When is a
seller's property disclosure not required...?
When a two family residence is being sold
When any single family home is being sold
When property is being sold as a result of a court order
When the seller elects to pay a fee instead of providing a disclosure
Punitive Damages - Correct Answers -Damages simply for the purpose of punishment
are known as...?
Legal damages
Punitive damages
Civil damages
Enforced damages
Deceptive Trade Practices Act - Correct Answers -The DTPA is an acronym for which of
the following Acts...?
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Gordones22. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $13.49. You're not tied to anything after your purchase.
Can Stuvia be trusted?
4.6 stars on Google & Trustpilot (+1000 reviews)
77764 documents were sold in the last 30 days
Founded in 2010, the go-to place to buy study notes for 14 years now