CT Real Estate Licensing Practice Exam / Questions
& Expertly Verified Answers, .
Terms in this set (80)
A couple listed their home 1. an exclusive agency listing.
with a broker. After 2
months, the seller found a
buyer, and the sale
closed. The seller was not
obligated to pay a
commission to the broker.
This listing was MOST
likely:
1. an exclusive agency
listing.
2. an exclusive right to sell
listing.
3. a net listing.
4. an advance fee listing.
,A contract has been drawn 2. an option contract.
which obliges the sellers to
convey title to their land to
the buyers if the buyers
come up with $22,000 on
or before December 31st.
This is called:
1. a buy-sell agreement.
2. an option contract.
3. an installment contract.
4. a vendor's lien interest.
,
, A mentally disabled person 3. The person appointed by the court to act for the disabled
who has been declared person must contract on his or her behalf.
incompetent by a judge
wishes to enter into a
contract. Under what
conditions can such a
person do so?
1. The person must
obtainprior written approval
by a licensed psychiatrist or
psychologist.
2. The person must
becapable of understanding
the transaction.
3. The person
appointedby the court to act
for the disabled person must
contract on his or her behalf.
4. The person may enter
acontract under any
conditions, because the law
prohibits discrimination
against persons with
disabilities.
& Expertly Verified Answers, .
Terms in this set (80)
A couple listed their home 1. an exclusive agency listing.
with a broker. After 2
months, the seller found a
buyer, and the sale
closed. The seller was not
obligated to pay a
commission to the broker.
This listing was MOST
likely:
1. an exclusive agency
listing.
2. an exclusive right to sell
listing.
3. a net listing.
4. an advance fee listing.
,A contract has been drawn 2. an option contract.
which obliges the sellers to
convey title to their land to
the buyers if the buyers
come up with $22,000 on
or before December 31st.
This is called:
1. a buy-sell agreement.
2. an option contract.
3. an installment contract.
4. a vendor's lien interest.
,
, A mentally disabled person 3. The person appointed by the court to act for the disabled
who has been declared person must contract on his or her behalf.
incompetent by a judge
wishes to enter into a
contract. Under what
conditions can such a
person do so?
1. The person must
obtainprior written approval
by a licensed psychiatrist or
psychologist.
2. The person must
becapable of understanding
the transaction.
3. The person
appointedby the court to act
for the disabled person must
contract on his or her behalf.
4. The person may enter
acontract under any
conditions, because the law
prohibits discrimination
against persons with
disabilities.
