Texas Law of Contracts Quiz Questions & Answers
The DTPA helps protect...?Agents Consumers Sellers Attorneys (Ans- Consumers
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 (Ans- Before the Prospective Buyer Makes an Offer
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 (Ans- All of the Above
The duties and powers of TREC are described in which of the following documents...?
RESPA
TRELA 1 / 3
DTPA NAR (Ans- TRELA
Who is authorized to provide legal advice to sellers...?
Attorneys Brokers Agents All of the above (Ans- Attorneys
Who oversees the Broker/Lawyer Committee...?
The Texas Attorney General The Texas Real Estate Commission The Texas Governor The Texas Bureau of Real Estate (Ans- The Texas Real Estate Commission
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 (Ans- Rules Regarding the Texas Contract Forms
The moral principles that govern a person's or group's behavior are known as...?Ethics Statutes Guidelines Laws (Ans- Ethics 2 / 3
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 (Ans- TREC Website
Once TREC approves a form drafted or edited by the Broker/Lawyer Committee, the form is considered...?Void Promulgated Recorded Reviewed (Ans- Promulgated
The individual who contributes real property to a trust is considered the...?
Trustee Trustor Grantee Beneficiary (Ans- Trustor
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 (Ans- Fixture
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