Promulgated Contract Form Practice Exam 2024 Questions And Answers Rated 100% Correct!!

For a Broker to act as Intermediary in a transaction, it requires written consent from only one of the parties. A) True B) False {Ans: B) False}A TREC promulgated New Home Contract (Incomplete) can include: A) Landscaping B) Appliances C) Color choices D) All of the above {Ans: D) All of the above}A Condominium Contract can include a description of the parking assigned to the Unit. A) True - Correct answer B) False - Answer given {Ans: A) True}Your buyers are considering consulting their attorney while you are preparing the offer. You should: A) Try to get them to sign the offer and call their attorney later B) Offer to deliver the contract to their attorney C) Advise them there is no need to consult an attorney since all real estate transactions are routine D) None of the above {Ans: B) Offer to deliver the contract to their attorney}You can give legal advice to a buyer or seller if you understand all the facts: A) True B) False {Ans: B) False}The Texas Association of Realtors (TAR) Residential Buyer/Tenant Representation Agreement allows all the following EXCEPT: A) The Broker can show the same properties to more