Unit 10 ~ Connecticut Real Estate License Law Practice Questions and Answers

Unit 10 ~ Connecticut Real Estate License Law Practice Questions and Answers The real estate license law is administered by the the Real Estate Commission A person must be licensed as a real estate broker or salesperson if that person is engagin in the real estate business "Engaging in the real estate business" consists of acting for another and for a fee in all of the following activities EXCEPT EXCEPT investing in real estate Which of the following is exempt from the real estate licensing requirement? Attorney-at-law when serving as legal counsel to a client The primary responsibilities of an office manager for a local real estate firm including coordinating the flow of paperwork through the office, preparing forms and advertising copy, and hiring and supervising clerical personnel. The office manager does not need a real estate license for this job Applicants for any real estate license in Connecticut must be completed before taking the written exam You are employed by an apartment complex as a residential on-site property custodian. Part of your duties involves negotiating leases for the apartments. In this position you are exempt from the licensing requirements if you reside at the apartment complex In addition to a course in real estate principles and practices, a broker applicant must also take courses in real estate brokerage principles and practices and legal compliance Applicants who fail a license examination are notified of the results at the examination site The initial salesperson's license fee is presently $285, and annual renewals are $285 After moving to Connecticut, Alan applies for a real estate salesperson's license. The Commission discovers from his application the he was refused a license in his former state because he was not yet 18 years old. Alan is now 18 and possesses all the other qualifications. How long from the date of the earlier refusal must Alan wait to be issued a Connecticut license? He must wait one year.