{"id":112885,"date":"2023-08-15T21:08:24","date_gmt":"2023-08-15T21:08:24","guid":{"rendered":"https:\/\/learnexams.com\/blog\/?p=112885"},"modified":"2023-08-15T21:08:27","modified_gmt":"2023-08-15T21:08:27","slug":"texas-promulgated-contract-form-exam-2023-2024-actual-exam-200-questions-and-correct-answers-verified-answers-agrade","status":"publish","type":"post","link":"https:\/\/www.learnexams.com\/blog\/2023\/08\/15\/texas-promulgated-contract-form-exam-2023-2024-actual-exam-200-questions-and-correct-answers-verified-answers-agrade\/","title":{"rendered":"TEXAS PROMULGATED CONTRACT FORM EXAM 2023-2024 ACTUAL EXAM 200 QUESTIONS AND CORRECT ANSWERS (VERIFIED ANSWERS) |AGRADE"},"content":{"rendered":"\n

TEXAS PROMULGATED CONTRACT FORM EXAM
2023-2024 ACTUAL EXAM 200 QUESTIONS AND
CORRECT ANSWERS (VERIFIED ANSWERS)
|AGRADE
In Texas, the statute of limitations is __<\/strong><\/em><\/strong> for an oral agreement.
a. Four years
b. Two years
c. Eight years
d. Six years – ANSWER- B
A rejection of the original offer coupled with a new offer.
a. Promulgated forms
b. Counteroffer
c. Unauthorized practice of law
d. Lease-purchase agreement
e. Offeror – ANSWER- B
License holder adding complex provisions to a contract.
a. Promulgated forms
b. Counteroffer
c. Unauthorized practice of law
d. Lease-purchase agreement
e. Offeror – ANSWER- C
Contract forms published by TREC.
a. Promulgated forms
b. Counteroffer
c. Unauthorized practice of law
d. Lease-purchase agreement
e. Offeror – ANSWER- A
The party making an offer.
a. Promulgated forms<\/p>\n\n\n\n

b. Counteroffer
c. Unauthorized practice of law
d. Lease-purchase agreement
e. Offeror – ANSWER- E
An agreement that allows a tenant to purchase a property during the lease term.
a. Promulgated forms
b. Counteroffer
c. Unauthorized practice of law
d. Lease-purchase agreement
e. Offeror – ANSWER- D
TREC-promulgated lease forms are for a term of no more than ____<\/em><\/strong><\/em><\/strong>
days.
a. 180
b. 30
c. 90
d. 60 – ANSWER- C
A(n) ____<\/em><\/strong><\/em><\/strong> is a rejection of the original offer coupled with a new
offer.
a. Counteroffer
b. Acceptance
c. Net sheet
d. Notification – ANSWER- A
The party to whom an offer is submitted is known as the ___<\/em><\/strong><\/em><\/strong>.
a. License holder
b. Offeree
c. Buyer
d. Broker – ANSWER- B
TREC publishes promulgated forms for _____<\/em><\/strong><\/em><\/strong>.
a. Lease purchase agreements
b. Cooperatives<\/p>\n\n\n\n

c. Right of first refusal
d. Residential transactions – ANSWER- D
Brokers receiving multiple offers must submit __<\/em><\/strong><\/em><\/strong> to the seller.
a. Only those offers the broker deems serious
b. Offers in the order in which they were submitted
c. All offers, regardless of the timing of submission
d. Offers which exceed the seller’s asking price – ANSWER- C
An offer may be terminated ___<\/em><\/strong><\/em><\/strong>, prior to acceptance by the offeree.
a. Within 7 days
b. At any time
c. Within 24 hours
d. Within 72 hours – ANSWER- B
Under the legal concept of ____<\/em><\/strong><\/em><\/strong>, an offer is presumed to have been
delivered to the principal when it is delivered to the agent.
a. Presentation
b. Imputed notice
c. Notification
d. Lis pendens – ANSWER- B
When a seller receives an offer, the ______<\/em><\/strong><\/em><\/strong> should prepare a net
sheet, which is an estimate of the net proceeds of the offer.
a. Buyer
b. Seller
c. Listing Agent
d. Buyer’s Agent – ANSWER- C
The unauthorized practice of law by license holders led TREC to create the
_<\/em><\/strong><\/em><\/strong>, which writes residential contract forms.
a. State Bar of Texas
b. Broker-Lawyer Committee
c. Texas Association of REALTORS\u00ae
d. Federal Housing Administration – ANSWER- B<\/p>\n\n\n\n

Personal property included in a sale.
a. Assumption
b. Parties
c. Government loans
d. Non-realty items
e. Legal description – ANSWER- D
Buyer and seller.
a. Assumption
b. Parties
c. Government loans
d. Non-realty items
e. Legal description – ANSWER- B
The specifics of the location and size of a property.
a. Assumption
b. Parties
c. Government loans
d. Non-realty items
e. Legal description – ANSWER- E
The agreement by the buyer to pay the seller’s existing mortgage as part of a
contract for sale.
a. Assumption
b. Parties
c. Government loans
d. Non-realty items
e. Legal description – ANSWER- A
Mortgages insured or guaranteed by the U.S. Government.
a. Assumption
b. Parties
c. Government loans
d. Non-realty items
<\/p>\n","protected":false},"excerpt":{"rendered":"

TEXAS PROMULGATED CONTRACT FORM EXAM2023-2024 ACTUAL EXAM 200 QUESTIONS ANDCORRECT ANSWERS (VERIFIED ANSWERS)|AGRADEIn Texas, the statute of limitations is __ for an oral agreement.a. Four yearsb. Two yearsc. Eight yearsd. Six years – ANSWER- BA rejection of the original offer coupled with a new offer.a. Promulgated formsb. Counterofferc. Unauthorized practice of lawd. Lease-purchase agreemente. Offeror […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"site-sidebar-layout":"default","site-content-layout":"","ast-site-content-layout":"default","site-content-style":"default","site-sidebar-style":"default","ast-global-header-display":"","ast-banner-title-visibility":"","ast-main-header-display":"","ast-hfb-above-header-display":"","ast-hfb-below-header-display":"","ast-hfb-mobile-header-display":"","site-post-title":"","ast-breadcrumbs-content":"","ast-featured-img":"","footer-sml-layout":"","ast-disable-related-posts":"","theme-transparent-header-meta":"","adv-header-id-meta":"","stick-header-meta":"","header-above-stick-meta":"","header-main-stick-meta":"","header-below-stick-meta":"","astra-migrate-meta-layouts":"default","ast-page-background-enabled":"default","ast-page-background-meta":{"desktop":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"ast-content-background-meta":{"desktop":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"tablet":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""},"mobile":{"background-color":"var(--ast-global-color-5)","background-image":"","background-repeat":"repeat","background-position":"center center","background-size":"auto","background-attachment":"scroll","background-type":"","background-media":"","overlay-type":"","overlay-color":"","overlay-opacity":"","overlay-gradient":""}},"footnotes":""},"categories":[25],"tags":[],"class_list":["post-112885","post","type-post","status-publish","format-standard","hentry","category-exams-certification"],"_links":{"self":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/112885","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/comments?post=112885"}],"version-history":[{"count":0,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/posts\/112885\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/media?parent=112885"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/categories?post=112885"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.learnexams.com\/blog\/wp-json\/wp\/v2\/tags?post=112885"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}