← Contracts & Agreements – Texas Real Estate Salesperson Exam

Free Contracts & Agreements – Texas Real Estate Salesperson Exam Practice Test (2026)

125 questions · 150 min · 70% to pass

125 Questions · 150 Minutes · 70% to Pass

Question 1 of 5

Sample Questions

Question 1

Under the Texas Statute of Frauds, which type of real estate agreement MUST be in writing to be enforceable?

Answer: Any agreement for the sale or conveyance of real estate, or a lease for longer than one year, must be in writing to be enforceable.

Question 2

What is 'consideration' in a real estate contract?

Answer: Consideration is anything of legal value exchanged between parties, such as money, a promise to act, or a promise to refrain from acting. It is a required element for a valid contract.

Question 3

What are the four essential elements required for a valid real estate contract in Texas?

Answer: Offer and acceptance (mutual assent), consideration, legally competent parties, and a lawful purpose. Real estate contracts must also be in writing to be enforceable under the Statute of Frauds.

Question 4

What is the legal term for a contract that appears valid on its surface but can be voided by one of the parties due to a legal defect?

Answer: A voidable contract. Examples include contracts signed by a minor or under duress — they are valid until the injured party chooses to void them.

Question 5

What makes a real estate contract 'void' rather than 'voidable'?

Answer: A void contract has no legal effect whatsoever from the beginning because it lacks an essential element, such as having an illegal purpose or involving a legally incompetent party who cannot contract.