Connecticut Real Estate Study Questions and Answers

A person engaging in real estate activities for another and for a fee must hold a valid a. agent's license. b. broker's license. c. salesperson's license. d. broker's or salesperson's license. b. broker's license. A licensed real estate salesperson must be a. affiliated with a licensed real estate broker. b. an employee of a licensed real estate broker. c. an independent contractor. d. willing to enter into agency relationships with clients. a. affiliated with a licensed real estate broker. A real estate broker's license allows a broker to do all of the following EXCEPT a. sell real estate. b. resell a mobile home. c. collect rent on behalf of a landlord. d. appraise real estate. d. appraise real estate. Under Connecticut licensing law, a limited liability company (LLC) will be granted a broker's license only if a. the LLC is owned exclusively by licensed brokers. b. all owners of the LLC have either a broker or salesperson license, and a majority of the entity is owned by brokers. c. the LLC passes a state exam. d. Connecticut law is changed; currently a legal entity cannot be licensed as a broker. b. all owners of the LLC have either a broker or salesperson license, and a majority of the entity is owned by brokers. A broker entered into a listing agreement with the seller. Through the multiple listing service, a broker from a different office had been working with the buyer, who is interested in making an offer on the seller's property. Typically, in this kind of transaction, the broker working with the buyer would enter into a written representation contract with a. the seller as a subagent.