Champions Law of Contracts Exam 2
Questions and Complete Solutions
Graded A+
In———- the Texas real estate commission was established to administer an enforce the TRELA. -
Answer: 1949
TREC has only _______ promulgated lease forms. - Answer: 2
in the TAR sellers disclosure, the seller should? - Answer: a)Prepare the disclosure when the listing is
taken
b) be the only one completing this form or any part of it.
Both a&b
Which of the following can result in a license revocation or suspension by TREC?
a) failure to use TRECS, promulgated forms
b) failure to use a form written by an attorney
C) failure to use a form required by a party
D) all of the above - Answer: D) all of the above
Which of the following does TREC have probably get it sells contract forms for? - Answer: Homes and
condos
If a client is interested in a lease with an option to purchase or a right of first refusal, the assistance of
a___________ Is required. - Answer: Attorney
The state of Texas requires that most sellers of residential property provide a_________ whether or not
the seller has occupied the property. - Answer: Sellers disclosure
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