and CORRECT Answers
What characteristics of land have the most impact on market value - CORRECT
ANSWER - Uniqueness and immobility
How does a landlord acquire fixtures left by a tenant after lease expires - CORRECT
ANSWER - Permanence
A person engaging in real estate activities for another and for a fee must hold of valid -
CORRECT ANSWER - Brokers license
Under Connecticut licensing law, a limited liability company will be granted a brokers license
only if - CORRECT ANSWER - All owners of the LLC have either a broker or sales
person's license, and a majority of the entity is owned by brokers
When a broker represents the seller of real estate, an agency disclosure must be given to -
CORRECT ANSWER - Any potential unrepresented purchaser, at the beginning of the
first personal meeting with the purchaser
Buena vista realty has entered into agency agreements with both the seller and the buyer. Angela,
a salesperson with Buena Vista, has been designated to represent the seller, and Bao, another
salesperson, had been designated to represent the buyer. In this situation - CORRECT
ANSWER - All the other sales persons that work for Buenavista are dual agents, but not
Angela and Bao
To secure payment of compensation for her services, a broker may place a lien on - CORRECT
ANSWER - -condo unit
-four family apartment building
-office building
, Buyer brokerage contract in Connecticut - CORRECT ANSWER - Must be in writing to
be enforceable
A broker enters into a listing agreement with the seller. The property does not sell and the listing
expires. For how long does the broker need to keep a copy of the listing agreement and related
documents - CORRECT ANSWER - Seven years from the expiration date of the listing
agreement or any extensions
In Connecticut, the real estate commission and the compensation are - CORRECT
ANSWER - Negotiable between the seller or the buyer and the broker
In Connecticut, an exclusive right to buy contract - CORRECT ANSWER - Must be
indicated as such in a buyer agency agreement
If a husband dies in Connecticut, his wife is entitled to - CORRECT ANSWER - In
election to take a life estate equal to one third of the property owned by the husband at the time
of his death
A home owner may be exempt the following amount from debt owed in a foreclosing mortgage -
CORRECT ANSWER - Nothing
In Connecticut, the prescription period To acquire an easement is - CORRECT
ANSWER - 15 years
To be extinguished by law, a right of way must have been abandoned for at least - CORRECT
ANSWER - 15 years
The decision as to whether a claimant has met all the requirements for acquiring an easement by
prescription is made by the - CORRECT ANSWER - Court
What is the most critical factor in establishing riparian rights - CORRECT ANSWER -
Determining whether the body of water a joining the owners property is navigable