Connecticut Real Estate Practice and Law Quiz Questions and Answers

Buyer brokerage contracts in Connecticut a. must be in writing to be enforceable b. must be on specific forms c. are not regulated under the license laws d. are illegal a. must be in writing to be enforceable In Connecticut, real estate commission and compensation are a. set by law b. set by the Real Estate Commission c. determined by local groups of brokers d. negotiable between the seller or the buyer and the broker d. negotiable between the seller or the buyer and the broker In Connecticut, an exclusive right-to-buy contract a. is illegal b. is equivalent to a listing agreement c. requires the signature of the principal only d. must be indicated as such in the buyer agency agreement d. must be indicated as such in the buyer agency agreement A broker who enters into an exclusive agency listing contract a. is guaranteed a commission b. must split his or her commission c. must make a diligent attempt to sell or lease the property d. has violated the law c. must make a diligent attempt to sell or lease the property Betty Buyer contacts Hartfield Realty and is interested in potentially purchasing a home in the Hartfield area. Without entering into a buyer agency relationship with Betty, a salesperson from Hartfield realty can do all of the following for her except a. prequalify Betty for a mortgage b. give Betty information on mortgage interest rates and terms c. give Betty information on properties for sale in Hartfield d. explain to Betty about buyer agency, seller agency, and dual agency a. prequalify Betty for a mortgage Betty is interested in seeing a house listed with Hartfield Realty but does not wish to enter into a buyer agency agreement with Hartfield Realty. A salesperson from Hartfield Realty can show Betty an in-house listing if a. the salesperson obtains the seller's permission b. Betty verbally agrees to buyer agency