Connecticut Real Estate Practice & Law – KGO Practice Questions and Answers

Unlicensed Persons are _____________________ negotiating, listing, selling, or buying real estate for a client or customer. a. are allowed to take part in b. prohibited from b True or False: Any person working at a clerical capacity in a real estate brokerage office is not considered to be engaging in the real estate business and are not required to be licensed. True A ______________ is defined as a person or an entity that is paid a fee to act for another person in the purchase, sale, rental, or exchange of real estate. broker A________________must be affiliated with and supervised by a real estate broker, and acts on behalf of the borker. sales-person When a broker works with a person but does not represent that person, then that person is referred to as a _____________________. a. client b. customer c. principal d. sales-person b The client is also referred to as the _____________________ a. broker b. customer c. principal d. sales-person c Real estate ______________ is the legal representation relationship that a broker has with a client. agency True or False Connecticut law does not allow a broker to represent two client involved in the same transaction. false