CT STATE EXAM STUDY GUIDE WITH QUESTIONS AND ANSWERS

B.18, two(43)Connecticut requires anyone of sound mind who prepares a will to be of what age and to have how many witnesses. A.21, two B.18, two C.25, four D.16, two A.Exclusive right to sell, exclusive agency, open listing.Connecticut licensing laws recognizes the following lowing listing agreements; A.Exclusive right to sell, exclusive agency, open listing. B.Exclusive right to sell, exclusive agency, open listing, MLS. C.Exclusive right to sell, exclusive agency, open listing, net listing. D.Exclusive right to sell, exclusive agency, open listing, MLS, net listing. C.Sharon is not required to sign any agency agreement prior to viewing the property.Sharon buyer called agent Michael to view his house listing on Monroe Street. Sharon does not have an agent. Michael provides a written agency disclosure notice to Sharon stating that he represents the seller. A.Before showing the house, Michael must have Sharon sign an agency agreement. B.Before Sharon views the property, she must sign a dual agency agreement. C.Sharon is not required to sign any agency agreement prior to viewing the property. D.Sharon must sign a purchase agreement prior to viewing the property. A. Exclusive agency right to represent buyer.A buyer finds and purchases a for sale by owner home. A broker states an entitlement to a brokerage fee. For this to be the case, the broker would have entered into which type of buyer broker agreement with the broker? A. Exclusive agency right to represent buyer. B. Open right to represent the buyer C. Non-exclusive right to represent the buyer D. Universal agency right to represent the buyer D. Ask the buyer to disclose his or her confidential informationA licensee can do all of the following without entering into a written buyer agency agreement EXCEPT A. Give the buyer information on the licensees firm B. Provide the buyer with information on mortgage rates and lending institutions C. Physically show the buyer in house listings D. Ask the buyer to disclose his or her confidential information B. If they are contemplating purchasing the property for their own account.Under Connecticut licensing laws, brokers and agents have to disclose a present or contemplated interest in a property listed with them A. Only when executing a buyer's broker agreement. B. If they are contemplating purchasing the property for their own account. C. Only when the buyer decides to make an offer. D. In the listing agreement and in any advertisements. C. Connecticut license laws provide that license broker may not except a listing that is based on a net price.Which statement is TRUE under Connecticut law? A. Net listings are recognized as listings. B. A broker can except a net listing if all funds over the stated brokerage fee or received as a bonus instead of a commission. C. Connecticut license laws provide that license broker may not except a listing that is based on a net price. D. Netlist things require the consent of the buyer, seller, and real estate licensee. D. Seven yearsUnder Connecticut law, real estate brokers are required to retain certain brokerage records such as offers and counter offers drafted by the brokers office, contracts, leases, agency agreement and disclosure, escrow and trust account checks, and bank statements. These records must be kept