CT RE Practice Exam UPDATED ACTUAL
Exam Questions and CORRECT Answers
Connecticut licensing law recognizes the following listing agreements: - CORRECT
ANSWER - Exclusive right to sell, exclusive agency, and open listing.
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. - CORRECT ANSWER - Sharon is not required to any agency
agreement prior to viewing the property
A buyer finds and purchases a for-sale-by-owner home. A broker states an entitlement to a
brokerage fee. For this to be the case, the buyer would have entered into which type of buyer-
brokerage agreement with the broker? - CORRECT ANSWER - Exclusive agency right to
represent buyer
A licensee can do all of the following without entering into a written buyer agency agreement
EXCEPT - CORRECT ANSWER - Ask the buyer to disclose his or her confidential
information.
Under Connecticut licensing law, brokers and agents have to disclose a present or contemplated
interest in a property listed with them - CORRECT ANSWER - If they are contemplating
purchasing the property for their own account
Which statement is TRUE under Connecticut law? - CORRECT ANSWER - Connecticut
license laws provide that licensed brokers may not accept a listing that is based on a "net" price.
Under Connecticut law, real estate brokers are required to retain certain brokerage records such
as offers and counteroffers drafted by the brokers office, contracts, leases agency agreements, a
disclosures, escrow and trust accounts, and bank statements. The records must be kept for -
CORRECT ANSWER - 7 years
, The time required for the acquisition of prescriptive easement is - CORRECT ANSWER -
15 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 - CORRECT ANSWER - 15
years
A couple were married on July 4th, 2007. Both individually owned a condominium prior to their
marriage in their own name. They decided to keep the condominium units separate. Once they
are married in CT, their former properties will - CORRECT ANSWER - Remain as
separate interests
In an involuntary partition action, the following statements are true EXCEPT - CORRECT
ANSWER - Courts can never provide equitable relief
The Common Interest Ownership Act regulates common interest properties. Which BEST
describes the properties governed by this act? - CORRECT ANSWER - PUDs,
condominiums, and cooperatives
Resale documents must be furnished to the buyer or his or her attorney before the closing or
transfer of possession. The buyer's right to cancel a purchase contract is how many days after the
resale documents have been hand-delivered? - CORRECT ANSWER - 5 business days
When a unit owner requests a resale certificate from the association in writing, it must be
provided within how many business days, and what can the association charge for the resale
certificate? - CORRECT ANSWER - Ten days, $125 plus 5 cents per page
Sellers can obtain a condominium resale documents from the - CORRECT ANSWER -
Association
In cases of involuntary partition, the owners are advised to - CORRECT ANSWER -
Petition the superior court for equitable relief
Exam Questions and CORRECT Answers
Connecticut licensing law recognizes the following listing agreements: - CORRECT
ANSWER - Exclusive right to sell, exclusive agency, and open listing.
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. - CORRECT ANSWER - Sharon is not required to any agency
agreement prior to viewing the property
A buyer finds and purchases a for-sale-by-owner home. A broker states an entitlement to a
brokerage fee. For this to be the case, the buyer would have entered into which type of buyer-
brokerage agreement with the broker? - CORRECT ANSWER - Exclusive agency right to
represent buyer
A licensee can do all of the following without entering into a written buyer agency agreement
EXCEPT - CORRECT ANSWER - Ask the buyer to disclose his or her confidential
information.
Under Connecticut licensing law, brokers and agents have to disclose a present or contemplated
interest in a property listed with them - CORRECT ANSWER - If they are contemplating
purchasing the property for their own account
Which statement is TRUE under Connecticut law? - CORRECT ANSWER - Connecticut
license laws provide that licensed brokers may not accept a listing that is based on a "net" price.
Under Connecticut law, real estate brokers are required to retain certain brokerage records such
as offers and counteroffers drafted by the brokers office, contracts, leases agency agreements, a
disclosures, escrow and trust accounts, and bank statements. The records must be kept for -
CORRECT ANSWER - 7 years
, The time required for the acquisition of prescriptive easement is - CORRECT ANSWER -
15 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 - CORRECT ANSWER - 15
years
A couple were married on July 4th, 2007. Both individually owned a condominium prior to their
marriage in their own name. They decided to keep the condominium units separate. Once they
are married in CT, their former properties will - CORRECT ANSWER - Remain as
separate interests
In an involuntary partition action, the following statements are true EXCEPT - CORRECT
ANSWER - Courts can never provide equitable relief
The Common Interest Ownership Act regulates common interest properties. Which BEST
describes the properties governed by this act? - CORRECT ANSWER - PUDs,
condominiums, and cooperatives
Resale documents must be furnished to the buyer or his or her attorney before the closing or
transfer of possession. The buyer's right to cancel a purchase contract is how many days after the
resale documents have been hand-delivered? - CORRECT ANSWER - 5 business days
When a unit owner requests a resale certificate from the association in writing, it must be
provided within how many business days, and what can the association charge for the resale
certificate? - CORRECT ANSWER - Ten days, $125 plus 5 cents per page
Sellers can obtain a condominium resale documents from the - CORRECT ANSWER -
Association
In cases of involuntary partition, the owners are advised to - CORRECT ANSWER -
Petition the superior court for equitable relief
