CT Final Exam 2023/2024 Questions and Answers Rated A+

CT Final Exam 2023/2024 Questions and Answers Rated A+ A real estate salesperson may have his or her license revoked for: accepting compensation for brokerage service from someone other than the employing broker A salesperson may advertise a property for sale only: if the name of the broker is included in the ad. A real estate broker hires a secretary who does not have a real estate license and agrees to pay a fixed salary. Which of the following duties may the secretary perform? typing contracts for the salespeople in the broker's office Connecticut licensing law recognizes the following listing agreements: exclusive right to sell, exclusive agency, 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. Sharon is not required to sign any agency agreement prior to viewing the property. A licensee can do all of the following without entering into a written buyer agency agreement EXCEPT ask the buyer to disclose his or her confidential information. Who must comply with the state licensing laws? a person who negotiates on behalf of others for a fee The time required for acquisition of prescriptive easement is 15 years A license may be revoked upon proof of: accepting a net listing As a salesperson involved in a real estate, you may accept a commission from the: broker A couple were married on July 4, 2007. Both individually owned a condominium in Connecticut prior to their marriage in their own name. They decided to keep the condominium units separate. Once they are married in Connecticut, their former properties will remain as separate interests. The Common Interest Ownership Act regulates common interest properties. Which BEST describes the properties governed by this act? PUD's, condominiums, cooperatives Which of the following actions requires a real estate license? obtaining a listing to rent a store Which of the following is (are) entitled to a hearing before the real estate licensing agency? one who has passed the exam and is denied a license Which of the following acts on the part of the salesperson represents cause for license suspension or revocation? giving payment to the personnel officer of a local firm for leads on persons moving into the area who subsequently purchase property A broker is guilty of commingling if he or she maintains client's monies in a sealed envelope in the office safe Which of the following actions on the part of a real estate broker or salesperson could result in license revocation? quoting a sale price other than the one stipulated by the owner to prospective buyers of a property A licensee could have his or her license revoked for: steering Which of the following is (are) true of each broker licensed to operate in the state? the broker may describe him or herself as a Realtor only if they are a member of the National Association of Realtors Which of the following needs a real estate license? a person who sells a property for another for a fee A broker may deposit into the client trust account a small amount of the broker's money to keep the client's accounting system open Which of the following is true? a broker may charge whatever commission amount they choose When a broker prepares a document pertaining to a real estate transaction: a copy should be given to the parties signing it at the time the signature is obtained Which of the following cannot file suit to obtain an earned commission? a person who has passed their real estate exam The license law usually prohibits which of the following? any soliciting for listings before one is licensed If a salesperson makes a misrepresentation in selling land: the contract may be voided. Which of the following acts on the part of the broker can constitute improper conduct? acquiring a listing in which the broker gets to keep all monies above a specified purchase price In order to be granted a real estate license you must do which of the following? be 18 years old The broker upon obtaining a listing, must do which of the following? place a "for sale" sign only with the sellers permission You may take the national and state testing exams which number of times? until you pass it