Texas Real Estate Contracts - Chapter 1, Pre-test

5 Questions | Total Attempts: 926

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Real Estate Quizzes & Trivia

Questions and Answers
  • 1. 
    A contract wherein both sides must perform.
    • A. 

      Contract

    • B. 

      Bilateral Contract

    • C. 

      Broker Lawyer Committee

    • D. 

      Statue of Frauds

    • E. 

      Option

  • 2. 
    An agreement that gives a potential buyer the right for a specified period of time to purchase a property at predetermined price and terms.
    • A. 

      Contract

    • B. 

      Bilateral Contract

    • C. 

      Broker Lawyer Committee

    • D. 

      Statue of Frauds

    • E. 

      Option

  • 3. 
    An agreement between two or more parties to do something or to refrain from doing something.
    • A. 

      Contract

    • B. 

      Bilateral Contract

    • C. 

      Broker Lawyer Committee

    • D. 

      Statue of Frauds

    • E. 

      Option

  • 4. 
    A law that requires that certain contracts be in writing in order to be enforceable.
    • A. 

      Contract

    • B. 

      Bilateral Contract

    • C. 

      Broker Lawyer Committee

    • D. 

      Statue of Frauds

    • E. 

      Option

  • 5. 
    A committee that writes TREC promulgated contract forms.
    • A. 

      Contract

    • B. 

      Bilateral Contract

    • C. 

      Broker Lawyer Committee

    • D. 

      Statue of Frauds

    • E. 

      Option

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