CT UNIT 7 REAL ESTATE CONTRACTS
QUIZ QUESTIONS AND ANSWERS
A lease must be in writing if it is for a period in excess of
a. 60 days.
b. 90 days.
c. six months.
d. one year. - ANSWER-d. one year
All funds received by a broker on behalf of his or her client must be deposited in an
escrow or trust account within three
a. days of receiving the deposit.
b. days of obtaining all signatures.
c. banking days of receiving all signatures.
d. working days of receiving all signatures. - ANSWER-c. banking days of receiving
all signatures.
The Connecticut Statute of Frauds requires that, in order to be enforceable, all
contracts for the sale of real estate must be
a. in writing.
b. on the correct legal form.
c. signed by both parties' attorneys.
c. witnessed and notarized - ANSWER-a. in writing
A seller is required to give a buyer a Property Condition Disclosure Report in all of
the following transactions EXCEPT
a. when the seller is not assisted by a licensed real estate agent.
b. if the seller has not resided on the property in the last year.
c. when the transaction is the sale of commercial property.
d. if the buyer has lived on the property as a tenant. - ANSWER-c. when the
transaction is the sale of commercial property.
The Property Condition Disclosure report must be given in all residential transactions
containing one to four dwellings units, with a few exceptions.
Property Condition Disclosure Reports must be delivered to the buyer
a. prior to the buyer's making a written offer.
b. at the time the buyer makes a written offer.
c. prior to the buyer's signing a purchase and sale contract.
d. at the time of the home inspection. - ANSWER-a. prior to the buyer's making a
written offer.
QUIZ QUESTIONS AND ANSWERS
A lease must be in writing if it is for a period in excess of
a. 60 days.
b. 90 days.
c. six months.
d. one year. - ANSWER-d. one year
All funds received by a broker on behalf of his or her client must be deposited in an
escrow or trust account within three
a. days of receiving the deposit.
b. days of obtaining all signatures.
c. banking days of receiving all signatures.
d. working days of receiving all signatures. - ANSWER-c. banking days of receiving
all signatures.
The Connecticut Statute of Frauds requires that, in order to be enforceable, all
contracts for the sale of real estate must be
a. in writing.
b. on the correct legal form.
c. signed by both parties' attorneys.
c. witnessed and notarized - ANSWER-a. in writing
A seller is required to give a buyer a Property Condition Disclosure Report in all of
the following transactions EXCEPT
a. when the seller is not assisted by a licensed real estate agent.
b. if the seller has not resided on the property in the last year.
c. when the transaction is the sale of commercial property.
d. if the buyer has lived on the property as a tenant. - ANSWER-c. when the
transaction is the sale of commercial property.
The Property Condition Disclosure report must be given in all residential transactions
containing one to four dwellings units, with a few exceptions.
Property Condition Disclosure Reports must be delivered to the buyer
a. prior to the buyer's making a written offer.
b. at the time the buyer makes a written offer.
c. prior to the buyer's signing a purchase and sale contract.
d. at the time of the home inspection. - ANSWER-a. prior to the buyer's making a
written offer.
