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Law of Contracts Exam Prep Exam Questions and Answers 100% Solved
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Law of Contracts Exam Prep Exam Questions and Answers 100% Solved All of the following acts on the part of a real estate broker would constitute steering and thus be prohibited under the Fair Housing Act EXCEPT: A) directing a prospective buyer of one minority group to work only with a salespe...

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  • October 11, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • Law of contracts
  • Law of contracts

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©JOSHCLAY 2024/2025. YEAR PUBLISHED, 2024.
Law of Contracts Exam Prep Exam

Questions and Answers 100% Solved


All of the following acts on the part of a real estate broker would constitute

steering and thus be prohibited under the Fair Housing Act EXCEPT:



A) directing a prospective buyer of one minority group to work only with a

salesperson of the same minority group and to look at areas dominated by

that minority group

B) directing a member of one minority group away from properties located

in areas dominated by other races

C) referring a member of one minority group to properties located only in

areas dominated by members of the same group

D) directing a minority buyer to an expensive subdivision - ✔✔D)

directing a minority buyer to an expensive subdivision

The One-to-Four Family Residential Contracts states:

A) only the buyer needs to sign the contract

B) licensees cannot give legal advice

C) no more than four people may live on the property

,©JOSHCLAY 2024/2025. YEAR PUBLISHED, 2024.
D) it may be used for condominiums - ✔✔B) licensees cannot give legal

advice

Which listing is a non-exclusive agreement that lets the owner sell the

property by themselves?

A) Open listing

B) Net listing

C) Exclusive Agency listing

D) Exclusive Right To Sell listing - ✔✔A) Open listing

In the deed, the clause which sets forth the extent of the title being

conveyed is:

A) hereditaments

B) the demising clause

C) the indenture clause

D) the habendum clause - ✔✔D) the habendum clause

When one of the parties of a contract may legally reject it, the contract is

said to be:

A) voidable

B) void

C) unenforceable

D) valid - ✔✔A) voidable

, ©JOSHCLAY 2024/2025. YEAR PUBLISHED, 2024.
Listing contracts obtained by a real estate salesman are considered to be:

A) the salesman's own property

B) his personal property

C) the property of the employing broker

D) negotiable instrument - ✔✔C) the property of the employing broker

The seller and buyer enter into an oral contract and a written contract

concerning the same property. Which contracts will prevail in court?

A) written contract

B) oral contract

C) the contract offering the highest price for the property

D) the contract offering the lowest price for the property - ✔✔A) written

contract

A contract that has no legal effect because it does not contain all the

essential elements of a contract is:

A) voidable

B) unenforceable

C) void

D) canceled - ✔✔C) void

Which form is required for use in Texas for listing a property for sale?

A) The TREC promulgated listing agreement

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