Questions and CORRECT Answers
In CT, what are the two typs of real estate licenses?
a. single agent and dual agent
b. client and customer
c. broker and salesperson
d. broker and agent - CORRECT ANSWER -c
In order to obtain a license as a salesperson, a person must
a. be affiliated with a designated broker who will be responsible for the salesperson while the
salesperson is performing real estate brokerage activities
b. hire unlicensed persons to assist him
c. list or attempt to list property for sale
d. perform brokerage activities - CORRECT ANSWER -a
A licensed real estate salesperson is typically considered
a. a broker
b. an independent contractor of a broker
c. an employee of a broker
d. an unlicensed assistant - CORRECT ANSWER -b
Ann, Ben, and Cal have formed a real estate brokerage business named ABC Realty. Ann, Ben,
and Cal all have their real estate licenses. Does ABC Realty also need to obtain a broker's
license?
a. Yes, any legal entities engaged in the real estate business must obtain a broker's license
b. Yes, if either ann, if neither Ann, Ben, nor Cal has a broker's license
c. No, only individual owners of a legal entity must be licensed
d. No, legal entities cannot obtain a real estate broker's license - CORRECT ANSWER -a
, If a broker wishes to collect compensation from a potential buyer, the broker must have
a. showed the buyer the real estate that the buyer intends to purchase
b. Shaken hands with the buyer and verbally agreed to an agency relationship
c. entered into a written agnecy relationship with the buyer
d. negotiated a listing agreement with the seller - CORRECT ANSWER -c
An unlicensed assistant can help a real estate broker by doing all of the following EXCEPT
a. answer the phone
b. write advertising material
c. obtain legal documents from the town hall
d. show properties - CORRECT ANSWER -d
When can a real estate licensee reveal confidential information about a client?
a. never
b. after thee relationship has terminated
c. after the client has purchased or sold their property
d. at any point, if necessary, to complete a transaction - CORRECT ANSWER -a
The primary difference between dual agency and designated agency is that
a. In dual agency, the broker represents both the buyer and the seller, whereas in designated, the
broker represents either the buyer or the seller
b. in dual agency, the broker and all licensees working for the broker represent both the buyer
and the seller, whereas in designated, the broker represents both the buyer and the seller but has
appointed separate agents to them
c. Dual agency is allowed in CT, designated is not
d. Dual agency is not available to only one party in the transaction, but designated agency is
available to only one party - CORRECT ANSWER -b