EXAM 2025 QUESTIONS AND ANSWERS
Ct recognizes these listing agreements - ANS Exclusive right to sell, exclusive agency, open
listing
Time required for acquisition of prescription easements is - ANS 15 years
Under CT law, real estate brokers are required to retain certain brokerage records such as
offers, counteroffers drafted in brokers office, contracts, leases, agency Agreements and
disclosures, escrow and trust account checks and Bank statements. These records must be kept
- ANS 7 years
An easement by prescription may be extinguished if the owner takes, obtains, or regains an
open and continuous control and possession of the property for - ANS 15 years
The Connecticut Department of consumer protection requires that land surveyors - ANS Be
licensed by the Department of consumer protection, division of land surveyors and professional
engineers
Resale documents must be furnished to the buyer or his or her attorney before the closing or
transfer of possession. The buyers right to cancel the purchase contract is how many days after
the resale documents have been hand-delivered? - ANS 5 business days, 7 for certified mail
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, The common interest ownership act regulates common interest properties. Which best
describes the properties governed by this act? - ANS PUD (planned unit developments)
condominiums and cooperatives
A couple were married on July 4, 2007. Both individually owned a condominium prior to their
marriage in their own name. They decided to keep the condominium unit separate. Once they
are married in Connecticut, their former properties will will - ANS Remain separate interests
Questions about boundaries in Connecticut are resolved by - ANS The superior Court, a
committee, and possibly a land surveyor
Legal descriptions of property in Connecticut predominantly follow the - ANS Metes-and-
bounds method
In cases of involuntary partition the owners are advised to - ANS Petition the Superior Court
for equitable relief
Sellers can obtain condominium resale disclosure documents from - ANS Association
If there is a physical division of co-owned real estate, committees are appointed by the courts,
partitions cannot always be fair and equitable - ANS Involuntary partition action
When a unit owner request a resale certificate from the association in writing, it must be
provided within how many business days, and what kind association charge for the resale
certificate? - ANS 10 days $125 plus 5 cents per page
Connecticut license laws provide that licensed brokers may not accept a listing that is based on
a - ANS Net price
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, Under Connecticut licensing laws, brokers and agents have to disclose a present or
contemplated interest in a property listed with them if they are - ANS Contemplating
purchasing the property
Sharon buyer called agent Michael to view his 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. - ANS Agency agreement not required
A buyer finds and purchases a for sale by owner home. A broker states entitlement to a
brokerage fee. For this to be the case, the buyer would have entered into which type of buyer
broker agreement with the broker? - ANS Exclusive agency right to represent the buyer
Give buyer info on licensees firm, provide buyer info on mortgage rates and lending
institutions, show buyer in house listings - ANS Without a written buyer agency agreement
The Connecticut common interest ownership act dictates that legally sufficient description of a
common interest ownership unit must contain all of the following - ANS Recording date,
name of community, unit number
Real property taxes are ad valorem (based on value) Taxes levied by - ANS Local
municipalities
Connecticut requires the values placed on all properties be based on their - ANS Market
value
Connecticut law requires towns to revalue properties every___ Years by physical observation or
statistical analysis. Physical inspection is required every___ years - ANS 5, 10
Taxes are a lien on the property - ANS From the date of assessment
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