Texas Real Estate State Practice Exam

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Prepare for the Texas Real Estate State Practice Exam with our targeted quiz. Utilize our flashcards and multiple-choice questions, each with hints and explanations, to get exam-ready!

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How long does a buyer have to terminate an offer if the seller's disclosure is not provided?

3 days
7 days
10 days
14 days

The correct answer is: 7 days

In Texas, if a seller fails to provide a buyer with the seller's disclosure notice, the buyer has the right to terminate the contract. This termination must occur within a specific timeframe, which is set at seven days. The rationale behind this policy is to ensure that the buyer has adequate time to review important information about the property that could affect their decision to proceed with the purchase. The seller's disclosure contains critical details regarding the condition of the property, including any known issues or defects. If this disclosure is not provided, the buyer is afforded this seven-day period to assess their options, which helps protect their interests in the transaction. The option for buyers to terminate within this timeframe underscores the significance of transparency in real estate sales, promoting informed decision-making.