CT Real Estate Agency UPDATED ACTUAL
Exam Questions and CORRECT Answers
exclusive agency listing agreement - CORRECT ANSWER - What is the agency
agreement with one broker where the seller retains the right to sell without owing compensation
to the broker?
exclusive right to represent buyer agency agreement - CORRECT ANSWER - What is the
buyer agreement with one broker, who is entitled to compensation regardless of who located
property?
exclusive agency right to represent buyer agency agreement - CORRECT ANSWER -
What is the buyer agreement where they only buy with one broker, but they are only entitled to
compensation if the broker locates the property?
exclusive right to sell listing agreement - CORRECT ANSWER - What is the agency
agreement with one broker where the seller pays the broker regardless of who sells the property?
net listings - CORRECT ANSWER - What kinds of listings are illegal?
open listing agreement - CORRECT ANSWER - What is the nonexclusive listing with
multiple brokers where only the selling broker is compensated?
open right to represent buyer agency agreement - CORRECT ANSWER - What is the
nonexclusive agreement with multiple brokers and only the broker that locates the property is
compensation?
Exclusive right to sell, Exclusive agency, Open listing - CORRECT ANSWER - What
three types of listing agreements are recognized in CT?
Exclusive right to represent buyer, exclusive agency right to represent buyer, open right to
represent buyer - CORRECT ANSWER - Three types of Buyer agency agreements
, a buyer agency agreement - CORRECT ANSWER - What is required for a broker to
negotiate for a buyer?
Negotiation - CORRECT ANSWER - What is the word that covers:
1. Showing the buyer any property
2. Discussing an offer with the buyer
3. Engaging in negotiation on behalf of the buyer
4. Giving advice to the buyer about particular real estate
No - CORRECT ANSWER - Can an agent without a buyer agency agreement show the
buyer any property?
No - CORRECT ANSWER - Can an agent without a buyer agency agreement discuss any
offer with the buyer?
No - CORRECT ANSWER - Can an agent without a buyer agency agreement engage in
negotiation on behalf of the buyer?
No - CORRECT ANSWER - Can an agent without a buyer agency agreement give advice
to the buyer about particular real estate?
Yes - CORRECT ANSWER - Can an agent without a buyer agency agreement give the
buyer property information for their own listings?
Yes - CORRECT ANSWER - Can an agent without a buyer agency agreement give the
buyer information about the licensee's firm?
Yes - CORRECT ANSWER - Can an agent without a buyer agency agreement give the
buyer information on mortgage rates and lending institutions?
Exam Questions and CORRECT Answers
exclusive agency listing agreement - CORRECT ANSWER - What is the agency
agreement with one broker where the seller retains the right to sell without owing compensation
to the broker?
exclusive right to represent buyer agency agreement - CORRECT ANSWER - What is the
buyer agreement with one broker, who is entitled to compensation regardless of who located
property?
exclusive agency right to represent buyer agency agreement - CORRECT ANSWER -
What is the buyer agreement where they only buy with one broker, but they are only entitled to
compensation if the broker locates the property?
exclusive right to sell listing agreement - CORRECT ANSWER - What is the agency
agreement with one broker where the seller pays the broker regardless of who sells the property?
net listings - CORRECT ANSWER - What kinds of listings are illegal?
open listing agreement - CORRECT ANSWER - What is the nonexclusive listing with
multiple brokers where only the selling broker is compensated?
open right to represent buyer agency agreement - CORRECT ANSWER - What is the
nonexclusive agreement with multiple brokers and only the broker that locates the property is
compensation?
Exclusive right to sell, Exclusive agency, Open listing - CORRECT ANSWER - What
three types of listing agreements are recognized in CT?
Exclusive right to represent buyer, exclusive agency right to represent buyer, open right to
represent buyer - CORRECT ANSWER - Three types of Buyer agency agreements
, a buyer agency agreement - CORRECT ANSWER - What is required for a broker to
negotiate for a buyer?
Negotiation - CORRECT ANSWER - What is the word that covers:
1. Showing the buyer any property
2. Discussing an offer with the buyer
3. Engaging in negotiation on behalf of the buyer
4. Giving advice to the buyer about particular real estate
No - CORRECT ANSWER - Can an agent without a buyer agency agreement show the
buyer any property?
No - CORRECT ANSWER - Can an agent without a buyer agency agreement discuss any
offer with the buyer?
No - CORRECT ANSWER - Can an agent without a buyer agency agreement engage in
negotiation on behalf of the buyer?
No - CORRECT ANSWER - Can an agent without a buyer agency agreement give advice
to the buyer about particular real estate?
Yes - CORRECT ANSWER - Can an agent without a buyer agency agreement give the
buyer property information for their own listings?
Yes - CORRECT ANSWER - Can an agent without a buyer agency agreement give the
buyer information about the licensee's firm?
Yes - CORRECT ANSWER - Can an agent without a buyer agency agreement give the
buyer information on mortgage rates and lending institutions?
