CT Quiz - Real Estate Questions and Answers 100% Pass

CT Quiz - Real Estate Questions and Answers 100% Pass In Connecticut a dower and curtsey are seen as: not recongized If a husband dies in Connecticut, his wife is entitled to what: an election to take a life estate equal to one-third of the property owned by the husband at the time of his death A homeowner may exempt what amount from debt owed a foreclosing mortgagee: nothing The burden of proof in acquiring an easement by prescription lies with whom: party claiming the easement In Connecticut, the prescriptive period to acquire an easement is: 15 years To be extinguished by law, a right-of-way must have been abandoned for at least how long: 15 years The decision as to whether a claimant has met all the requirements for acquiring an easement by prescription is made by whom: a court A man and a women are neighbors, the man has been crossing the women's property and the woman wishes to prevent the man from acquiring an easement to cross her land. What can she do to be effective? follow Connecticut statutory procedures What is the most critical factor in establishing riparian rights? determine whether the body of water adjoining the owner's property is navigable Buyer-brokerage contracts in Connecticut must be what? must be in writing to be enforceable A broker enters into a listing agreement with a seller. The property does not sell, and the listing expires. How long does the broker need to keep a copy of the listing agreement and related documents? 7 years In Connecticut, an exclusive right-to-buy contract is must be what? must be indicated as such in the buyer agency agreement Betty Buyer contacts ARealty and is intersted in purchasing a home. Without entering into a buyer agency agreement, a sales person can do what? -give information on mortgage interest rates -give information on properties for sale -explain abut buyer agency, seller agency, and dual agency agreements Betty Buyer is interested in viewing a house listed with ARealty but does not want to enter into a buyer agency agreement. The salesperson from ARealty can show Better Buyer an in-house listing if what happens first? salesperson provides Betty Buyer with an Agency Disclosure Notice stating that ARealty represents the seller Under Connecticut licensing law, a LLC will be granted a broker's license only if: all owners of the LLC have either a broker or salesperson license, and majority of the entity is owned by brokers When a broker represents the seller, when wou