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20.The statute of limitations is four years for which of the following? a.A contract for the sale of real estate b.Oral contracts for a lease of less than one year c.None of these d.All contracts for the sale or lease of real property in Texas
Chapter 2 Questions 21.A licensee is representing a buyer in a transaction and creates an addendum for a purpose for which TREC has already promulgated an addendum. Which of the following is TRUE regarding the licensee’sactions?
22.Once presented an offer from a prospective buyer, the seller can do any of the following EXCEPT
23.According to the Texas Real Estate License Act, which of the following requires that a licensee be a practicing attorney? 24.Who promulgates contracts for mandatory use by licensees? a.Broker-Lawyer Committee b.Real Estate License Act c.Texas Contract Adoption Committee d.Texas Real Estate Commission 25.An offer or counteroffer may be withdrawn at any time before it has been 26.
A licensee who completes a contract for the sale of real property is not engaged in the
unauthorized practice of law if the licensee uses a form that is
27.Which of the following is an exception to the TREC rules on contract use?