Real Estate CT Real Estate Agency
UPDATED ACTUAL Exam Questions and
CORRECT Answers
what does a licensee owe a client besides loyalty, confidentiality, obedience, accounting,
disclosure - CORRECT ANSWER - Reasonable care
Do you have to work with a buyer that wants to remain a customer? - CORRECT
ANSWER - YES
buyer representation agreement - CORRECT ANSWER - an agent/broker represents a
client
preliminary activities definition - CORRECT ANSWER - information you can give
without entering a buyer representation agreement
what are the 6 preliminary activities - CORRECT ANSWER - 1. Ask if the customer is
being represented
2. offices policy on the various relationships: single agency, dual agency, designated agency
3. tell the buyer not to give you confidential information
4. property info
5. info on the firm
6. info on mortgage rates/lending institutions
Agency Disclosure Notice - CORRECT ANSWER - a notice for unrepresented persons
that say the buyer is just a customer
What does the Agency Dislcosure Notice allow - CORRECT ANSWER - 1. customer can
give confidential info
2. Agent can give an opinion on real estate (be cautious)
, 3. physically show listings
4. discuss an offer with the buyer
5. engage in negotiations on the buyer's behalf (written or oral)
what do you need to have a listing agreement with a client - CORRECT ANSWER - 1. in
writing
2. identify property
3. terms and conditions
4. commission
5. start date
6. expiration date
7. principals signature
8. broker's signature
9. type of listing (open or exclusive
10. Identify if nonaffiliated licensees can advertise property
11. Negotiation Notice
12. Discrimination Notice
Are net listings allowed in CT - CORRECT ANSWER - NO
What do you need for a buyer/leesee agency agreement - CORRECT ANSWER - 1. in
writing
2. terms and conditions
3. commission
4. start date
5. expiration date
6. buyer/lessee signature
7. broker's signature
8. Negotiation Notice
UPDATED ACTUAL Exam Questions and
CORRECT Answers
what does a licensee owe a client besides loyalty, confidentiality, obedience, accounting,
disclosure - CORRECT ANSWER - Reasonable care
Do you have to work with a buyer that wants to remain a customer? - CORRECT
ANSWER - YES
buyer representation agreement - CORRECT ANSWER - an agent/broker represents a
client
preliminary activities definition - CORRECT ANSWER - information you can give
without entering a buyer representation agreement
what are the 6 preliminary activities - CORRECT ANSWER - 1. Ask if the customer is
being represented
2. offices policy on the various relationships: single agency, dual agency, designated agency
3. tell the buyer not to give you confidential information
4. property info
5. info on the firm
6. info on mortgage rates/lending institutions
Agency Disclosure Notice - CORRECT ANSWER - a notice for unrepresented persons
that say the buyer is just a customer
What does the Agency Dislcosure Notice allow - CORRECT ANSWER - 1. customer can
give confidential info
2. Agent can give an opinion on real estate (be cautious)
, 3. physically show listings
4. discuss an offer with the buyer
5. engage in negotiations on the buyer's behalf (written or oral)
what do you need to have a listing agreement with a client - CORRECT ANSWER - 1. in
writing
2. identify property
3. terms and conditions
4. commission
5. start date
6. expiration date
7. principals signature
8. broker's signature
9. type of listing (open or exclusive
10. Identify if nonaffiliated licensees can advertise property
11. Negotiation Notice
12. Discrimination Notice
Are net listings allowed in CT - CORRECT ANSWER - NO
What do you need for a buyer/leesee agency agreement - CORRECT ANSWER - 1. in
writing
2. terms and conditions
3. commission
4. start date
5. expiration date
6. buyer/lessee signature
7. broker's signature
8. Negotiation Notice
