Texas State Portion
Free Practice · 10 Questions · 20 min
20:00Exit
1
2
3
4
5
6
7
8
9
10
Question 1 of 10
Landlord-Tenant & OwnershipMedium

Under Texas law, within how long must a landlord generally return a tenant's security deposit after the tenant moves out?

ANo deadline, as long as they eventually respond
B30 days, with an itemized list of deductions
C60 days, with no duty to itemize deductions
D90 days, only if the tenant requests it
Explanation
Texas law generally requires the deposit (or an itemized list of deductions) back within 30 days of the tenant surrendering the property — there's no 60- or 90-day standard, and it isn't left open-ended or conditioned on the tenant remembering to request it.
Question 2 of 10
Closing & FinanceMedium

What generally happens at the closing of a Texas real estate transaction?

AThe listing agreement officially begins
BThe parties sign the purchase contract
CTitle transfers and funds are disbursed
DThe property is inspected for the only time
Explanation
Closing is when title actually transfers and money changes hands per the settlement statement — the purchase contract was already signed well before this point, inspections (if any) also typically happen earlier, and the listing agreement began even before that.
Question 3 of 10
Real Estate FinancingMedium

What is the key structural difference between a mortgage and a deed of trust?

AThere is no legal difference between the two instruments
BA deed of trust adds a trustee; a mortgage has just two parties
CA mortgage always carries a lower interest rate
DA deed of trust can never be used for a home purchase
Explanation
A mortgage is a two-party security instrument between borrower and lender, while a deed of trust adds a third party — a trustee — who holds legal title as security until the loan is repaid. Which one is used doesn't determine the interest rate, and a deed of trust is commonly used for home purchases in many states.
Question 4 of 10
Real Property & OwnershipMedium

What happens to a life estate when the person whose life measures it dies?

AIt automatically becomes a fee simple for the life tenant's heirs
BIt ends, and the property passes per the deed's terms
CNothing changes until a court formally rules on it
DIt converts into a permanent leasehold for the heirs
Explanation
A life estate is explicitly tied to a measuring life and ends when that person dies, with the property then passing to whoever the deed named (often called the 'remainderman') — it doesn't upgrade into fee simple for the life tenant's heirs, doesn't become a leasehold, and doesn't require a separate court ruling to take effect.
Question 5 of 10
Real Estate CalculationsMedium

A $15,000 total commission is split 50/50 between the listing broker and buyer's broker. How much does each broker's side receive?

A$10,000
B$15,000
C$7,500
D$5,000
Explanation
$15,000 split evenly between two sides is $15,000 ÷ 2 = $7,500 each. The distractors reflect common errors: splitting into thirds instead of halves, or not dividing the total at all.
Question 6 of 10
Agency & BrokerageMedium

Under Texas law, what is an intermediary in a real estate transaction?

AA lender's representative verifying financing
BAn attorney who reviews the contract for errors
CA broker representing both parties, with written consent
DA third party who inspects for the seller
Explanation
An intermediary is a broker who, with the written consent of both parties, represents both the buyer and the seller in the same transaction while remaining neutral on material issues like price. That's distinct from an inspector, an attorney, or a lender's representative, none of whom are acting as a broker representing both principals.
Question 7 of 10
Real Estate FinancingMedium

What does a promissory note represent in a financed real estate purchase?

AThe lender's promise to approve any future refinance
BThe document that physically transfers title to the buyer
CThe borrower's personal promise to repay the debt
DA government guarantee that the loan will be repaid
Explanation
The promissory note is the borrower's personal, signed promise to repay the loan under its stated terms; the deed is what transfers title, not the note. It's not a promise about future refinancing, and it isn't a government guarantee (that's a separate feature of certain loan programs).
Question 8 of 10
Real Property & OwnershipMedium

In real property law, what generally happens to a fixture attached to the property when it's sold?

AIt generally conveys with the property to the buyer
BIt always remains the seller's personal property
CIt belongs to whichever party removes it first
DIt must be itemized under its own separate contract
Explanation
A fixture — something attached to the property in a way that makes it part of the real estate — generally transfers with the property to the buyer, rather than staying with the seller, needing its own separate sale contract, or being decided by who physically grabs it first.
Question 9 of 10
Property DisclosureMedium

Which of these is a commonly recognized exemption from the Texas Seller's Disclosure Notice requirement?

AA sale that closes within 30 days of listing
BA transfer by foreclosure or trustee's sale
CA sale priced above the local median
DA sale where the buyer has an agent
Explanation
Foreclosure and trustee-sale transfers are among the recognized exemptions, since the seller in that situation typically isn't the prior owner with knowledge of the property's condition. Buyer representation, sale price, and how quickly a deal closes have no bearing on whether the disclosure requirement applies.
Question 10 of 10
Contract Law BasicsMedium

Which of these is one of the essential elements required for a legally valid contract?

AA notarized signature from both parties
BA minimum contract length of 30 days
CFormal approval from a licensed real estate agent beforehand
DLegal capacity of both parties to enter into the contract
Explanation
Legal capacity — each party being legally able to enter into a binding agreement (of sound mind, of legal age) — is one of the essential elements of a valid contract, alongside offer, acceptance, and consideration. Notarization, agent approval, and a minimum duration are not universal requirements for contract validity.

Score
Correct
Wrong
Try Again Exit