AYPO REAL ESTATE PROMULGATED CONTRACTS

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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.

• Protect licensed brokers and salespersons from unfair

or improper competition.

• 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.

• Accept.
• 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?

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