Texas Real Estate State Practice Exam

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Prepare for the Texas Real Estate State Exam with comprehensive study materials. Engage in multiple choice questions and gain insights with in-depth explanations and examples. Ace your exam confidently!

Each practice test/flash card set has 50 randomly selected questions from a bank of over 500. You'll get a new set of questions each time!

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Which act applies to all unimproved land sold interstate and grants buyers the ability to void a contract if certain information is not provided?

FHA Act
HOW Program Act
CERCLA Act
Federal Interstate Land Sales Full Disclosure Act

The correct answer is: Federal Interstate Land Sales Full Disclosure Act

The FHA Act (A) applies only to houses and loans for residential properties, so it is not relevant to land sales. The HOW Program Act (B) is a program for affordable housing and does not apply to land sales. CERCLA Act (C) is also not applicable as it is related to environmental protection and cleanup. The Federal Interstate Land Sales Full Disclosure Act (D) is the correct answer as it specifically applies to land sales and requires certain information to be disclosed to buyers before a contract can be enforced.