CT Real Estate Practice & Law test Questions and Answers

Ct recognizes these listing agreements Exclusive right to sell, exclusive agency, open listing Time required for acquisition of prescription easements is 15 years Under CT law, real estate brokers are required to retain certain brokerage records such as offers, counteroffers drafted in brokers office, contracts, leases, agency Agreements and disclosures, escrow and trust account checks and Bank statements. These records must be kept 7 years An easement by prescription may be extinguished if the owner takes, obtains, or regains an open and continuous control and possession of the property for 15 years The Connecticut Department of consumer protection requires that land surveyors Be licensed by the Department of consumer protection, division of land surveyors and professional engineers Resale documents must be furnished to the buyer or his or her attorney before the closing or transfer of possession. The buyers right to cancel the purchase contract is how many days after the resale documents have been hand-delivered? 5 business days, 7 for certified mail The common interest ownership act regulates common interest properties. Which best describes the properties governed by this act? PUD (planned unit developments) condominiums and cooperatives A couple were married on July 4, 2007. Both individually owned a condominium prior to their marriage in their own name. They decided to keep the condominium unit separate. Once they are married in Connecticut, their former properties will will Remain separate interests Questions about boundaries in Connecticut are resolved by The superior Court, a committee, and possibly a land surveyor Legal descriptions of property in Connecticut predominantly follow the Metes-and-bounds method In cases of involuntary partition the owners are advised to Petition the Superior Court for equitable relief