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AYPO Real Estate Promulgated contracts Exam Newest 2025 Actual Exam Complete Questions And Correct Answers(Verified Answers)|Already Graded A+
TRELA states unequivocally that it is illegal for a licensee to draw, i.e. create or develop which of the following on their own?
- A deed of trust
- A deed
- All of these
- A will - ANSWER-c. All of these
Which of the New Home Contracts includes the Page 8 construction defect language?
- Neither of them
- Both of them
- New Home Contract (incomplete)
- New Home Contract (completed) - ANSWER-b. Both of them
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Which Paragraph of the TREC 1-4 contract already includes a "time is of the essence" clause?
- 23
- 18
- 6
- 5 - ANSWER-d. 5
How many multiple back-up offers can be in line at one time?
- No more than two
- Texas law only allows for one back-up offer at a time
- There is no limit to the number of backup offers
- No more than three - ANSWER-b. Texas law only allows for
one back-up offer at a time
Which of these forms is for general consumer client information, and not directly related to a sale?
- Consumer Information Form
- Both of these 2 / 3
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- Information About Brokerage Services
- Neither of these - ANSWER-b. Both of these
A person is not engaged in a real estate brokerage, regardless of whether the person is licensed under this chapter, based solely on engaging in which of the following activities?
- Any of these.
- Entering into an obligation to pay another person that is
- Sponsoring, promoting, or managing, or otherwise
- Constructing, remodeling, or repairing a home or other
secured by an interest in real property
participating as a principal, partner, or financial manager of, an investment in real estate
building - ANSWER-a. Any of these.
To receive a daily rate of $40 in a buyer's or seller's lease, the monthly rate would have to be set at which of these monthly rates?
- $900
- $1,400
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