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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 Questionswith correct Answers
Consumers - Answer -The DTPA helps protect...?
Agents
Consumers
Sellers
Attorneys
Before the Prospective Buyer Makes an Offer - 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 - 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 - Answer -The duties and powers of TREC are described in which of the
following documents...?
RESPA
TRELA
DTPA
NAR
Attorneys - Answer -Who is authorized to provide legal advice to sellers...?
Attorneys
,Brokers
Agents
All of the above
The Texas Real Estate Commission - 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 - 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 - Answer -The moral principles that govern a person's or group's behavior are
known as...?
Ethics
Statutes
Guidelines
Laws
TREC Website - 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 - Answer -Once TREC approves a form drafted or edited by the
Broker/Lawyer Committee, the form is considered...?
Void
Promulgated
Recorded
Reviewed
Trustor - Answer -The individual who contributes real property to a trust is considered
the...?
, Trustee
Trustor
Grantee
Beneficiary
Fixture - Answer -Personal property that has become real property by having been
permanently attached or adapted to real property is known as a...?
Chattel
Fixture
Trade fixture
Emblement
Community Property - Answer -Married couples in Texas typically own property as...?
Community property
Severalty ownership
Tenancy by the entirety
Joint tenancy
Proprietary Lease - Answer -Ownership in a cooperative consists of which of the
following...?
Proprietary lease
Title
Real property
Deed
Man-Made Improvements - Answer -Real estate is considered land plus...?
Bundle of rights
Surface rights
All of the above
Man-made improvements
Bundle of Rights - Answer -The rights of an owner of a freehold estate to possession,
enjoyment, control, and disposition of real property is known as...?
Real estate
Title
Bundle of rights
Chattels
Chattels - Answer -Personal property is also known as...?
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