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Texas Law of Contracts: Quiz Questions with correct answers
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Texas Law of Contracts: Quiz Questions with correct answers
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Texas Law of Contracts: Quiz Questions with correctanswers
Consumers Correct Answer-The DTPA helps protect...?
Agents
Consumers
Sellers
Attorneys
Before the Prospective Buyer Makes an Offer Correct Answer-In order
to help prevent the buyer from withdrawing their offer, when should a
seller provide a prospective buyer with the property disclosure form...?
After the contract is signed with the prospective buyer
Before the prospective buyer makes an offer
After the prospective buyer's offer is accepted
After the prospective buyer's home inspector conducts their inspection of
the property
All of the Above Correct Answer-How can an agent avoid the
unauthorized practice of law...?
Refuse to provide legal advice
Have their client's attorney perform any edits to the contract form
,Refer their client to an attorney for legal advice
All of the above
TRELA Correct Answer-The duties and powers of TREC are described
in which of the following documents...?
RESPA
TRELA
DTPA
NAR
Attorneys Correct Answer-Who is authorized to provide legal advice to
sellers...?
Attorneys
Brokers
Agents
All of the above
The Texas Real Estate Commission Correct Answer-Who oversees the
Broker/Lawyer Committee...?
The Texas Attorney General
The Texas Real Estate Commission
,The Texas Governor
The Texas Bureau of Real Estate
Rules Regarding the Texas Contract Forms Correct Answer-Section
1101.155 of the Texas Real Estate License Act deals with which of the
following...?
Rules regarding independent contractors
Rules regarding the Texas contract forms
Rules regarding broker conduct
Rules regarding agency relationships
Ethics Correct Answer-The moral principles that govern a person's or
group's behavior are known as...?
Ethics
Statutes
Guidelines
Laws
TREC Website Correct Answer-Where can agents and brokers look to
find the most up to date promulgated contract forms...?
Realtor.com
, TREC website
BRE website
All of the above
Promulgated Correct Answer-Once TREC approves a form drafted or
edited by the Broker/Lawyer Committee, the form is considered...?
Void
Promulgated
Recorded
Reviewed
Trustor Correct Answer-The individual who contributes real property to
a trust is considered the...?
Trustee
Trustor
Grantee
Beneficiary
Fixture Correct Answer-Personal property that has become real property
by having been permanently attached or adapted to real property is
known as a...?
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