Test Questions Missed

Question 1

A contract that binds an adult to the contract but does not bind a minor to the contract is:

A Voidable contract
B Illegal
C an oral contract
D an offer contract

Answer 1

A. voidable

Question 2

What is the Consumer Information form?

A A a form that must be displayed in the broker’s office that explains to the consumer and how they can file a complaint with TREC
B it is a disclosure that must be included in each residential contract
C It is an addendum to the IABS
D It is a promulgated form used by TREC as an amendment to all statutes

Answer 2

An. A form that must be displayed in the broker’s office that explains to the consumer and how they can file a complaint with TREC

Question 3

A person may not sell, lease or transfer an easement or right-of-way used for utility, railroad, or pipeline service for another for compensation unless the person:

a. holds a real estate license issued by TREC
b holds a certificate of resignation issued by TREC
c Either A or B
d neither A or B

Answer 3

c Either A or B

Question 4

In a REIT Income tax is paid at the

A Managers
B Trust
C Beneficiaries
D No income tax paid

Answer 4

C Beneficiaries

Question 5

A law requires all contracts for the sale of real estate be in writing and signed in order to be enforceable in a court of law is known as:

A statue of fraud
b law of agency
c law of contract
d lawful objective

Answer 5

A statue of fraud

Question 6

Jane lives at 1226 Main street, Smalltown Texas. This would be used as the legal description for her:

a Deed
b Lein
c Tax Return
d none of the above

Answer 6

c Tax Return

Question 7

An applicant may apply for reexamination but

a. applicant must retake and pass 30-hour principle class before applying for reexamination
b. applicant apply for reexamination but must wait 7 days before retaking the national portion of the test.
c applicant will only be allowed to retest after a six-month wait.
d applicant may apply for reexamination by filing a request accompanied by the proper fee.

Answer 7

d applicant may apply for reexamination by filing a request accompanied by the proper fee.

Question 8

If a complaint is filed against a licensee through the Texas Real Estate Commission and the Commission finds the licensee guilty of the violation of the Texas Real Estate License Act, the licensee can appeal

a The attorney general’s office
b Texas Governor
c District court
D Local board of REALTORS

Answer 8

c District court