Chapter 2 Listing & Buyer Agency
Agreements Quiz UPDATED Exam
Questions and CORRECT Answers
Buyer-brokerage contracts in Connecticut - CORRECT ANSWER - must be in writing to
be enforceable
A broker enters into a listing agreement with a seller. The property does not sell, and the listing
expires. For how long does the broker need to keep a copy of the listingagreement and related
documents? - CORRECT ANSWER - Seven Years
In Connecticut, real estate commission and compensation are - CORRECT ANSWER -
negotiable between the seller or the buyer and the broker
In Connecticut, an exclusive right to buy contract - CORRECT ANSWER - must be
indicated as such in the buyer agency agreement
A broker who enters into an exclusive agency listing contract - CORRECT ANSWER -
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 sales person from
Hartfield Realty can do all of the following for her EXCEPT - CORRECT ANSWER -
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 - CORRECT ANSWER - the salesperson provides Betty with
an Agency Disclosure Notice, stating that Hartfield Realty represents the seller