Special Topics

Which Texas-specific law prohibits advertising a property as if it is for sale when it is not, or when there is no intention of selling it?

DTPA

Georgie Banker is the widow of the late Gordon Banker. How should Georgie be listed as a party in a TREC sales contract regarding a property that Georgie owns?

Georgie Banker, an unmarried person (As a widow who owns the property, Georgie would be identified as an unmarried person as a party in a sales contract.)

A Texas license holder, who is acting on his own behalf assigning an interest in a contract to purchase real property must disclose to any potential buyer that the license holder is assigning an interest in a contract and that ______.

He doesn't have legal title to the real property

When Will was found guilty of violating the Deceptive Trade Practices Act, the actual damages to his client were $7,000. But the court required Will to pay $21,000. Why might this be?

It was an intentional violation.

Craig is a Texas tenant with a written estate-for-years tenancy. How much notice must he give his landlord if he wants to terminate his lease upon expiration of the lease term?

None (In Texas, no separate notice is required for a written estate-for-years tenancy if the termination is occurring on the expiration date specified in the lease agreement.)

This notice must be provided to purchasers of a single residential dwelling unit that is subject to membership in a property owners' association (POA).

Notice of Obligations Related to Membership in Property Owners' Association

Jill and Jackie want to rent an apartment with their three children. Under the occupancy standards established in the Texas Landlord and Tenant Act, which of the following is the smallest unit they can rent?

One bedroom (Three adults per bedroom is the occupancy limit in Texas, as established by the Texas Landlord and Tenant Act.)

In a sublease situation in Texas, who has the right to evict the sublessee?

Only the original tenant

Which of the following is true regarding probate in Texas?

Probate is used regardless of whether the person died with or without a will. (Probate is a legal process to determine the validity of the will and to ensure the will accurately reflects the deceased person's wishes.)

Archie is behind in his mortgage payments. He wants to sell his house and get out from under the loan. You agree to help Archie list his property. Which TREC addendum will you and Archie need to complete and attach to the sales contract?

Short Sale Addendum

Which of the following statements about the Texas Apartment Association is true?

TAA provides its members with association-prepared lease forms.

To effect a transfer of title by deed in Texas, what must occur?

The grantor must deliver the deed to the grantee and the grantee must accept it.

Identify which description best fits that of a rural homestead in Texas.

The property is located in the country and is limited to 200 acres for a family.

Merry and Nick are purchasing a home from Bill and Jen in San Antonio. They're paying a $50,000 down payment, and taking out a $145,000 FHA loan. Which of the following parties is responsible for doing a search for mechanic's and materialman's liens on that property under the terms of the TREC residential resale contract?

The title company

A real estate licensee who misrepresents that a warranty, guarantee, or agreement provides benefits, rights, remedies, or other factors that it does not is breaking which Texas-specific law?

DTPA

Which veteran loan program offers qualified veterans help with the purchase of their primary home?

Veterans Housing Assistance Program