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Real Estate Salesperson Exam — National Portion

Contracts (TX): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Texas

Is there a 72-hour cooling-off period for Texas resale contracts?

  1. Yes, for all sales
  2. No
  3. Yes, for sales over $1 million
  4. Yes, for cash buyers
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B. No — Timeshare buyers can cancel before the sixth day after signing.

Question 2 · Texas

What may a Texas license holder add to a TREC-adopted contract form?

  1. Only factual statements or business details
  2. Nothing at all
  3. Their own warranty terms
  4. Any legal clause that the client wants added
Show the answer

A. Only factual statements or business details — Drafting property-transfer documents is prohibited (§1101.654).

Question 3 · Texas

What may a Texas license holder do with a TREC promulgated contract form?

  1. Fill in blanks and add factual statements, but not draft new legal provisions
  2. Rewrite any clause they wish
  3. Add legal terms if the client agrees
  4. Remove clauses they don't like
Show the answer

A. Fill in blanks and add factual statements, but not draft new legal provisions — Drafting legal language is the practice of law.

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