Connecticut Real Estate License UPDATED
Exam Questions and CORRECT Answers
brokerage - CORRECT ANSWER - the business of bringing people together in a real
estate transaction
broker - CORRECT ANSWER - a person or company licensed to buy, sell, exchange, or
lease real property for others and to charge a fee for these services
real estate salesperson - CORRECT ANSWER - employed by or associated with the
broker to perform brokerage activities on behalf of or for the broker
real estate licensee - CORRECT ANSWER - a person who has satisfied the requirements
of a licensing agency, as authorized by state legislation
appraisal - CORRECT ANSWER - the process of developing an opinion of a property's
market value, based on established methods and the appraisers professional judgment
appraiser - CORRECT ANSWER - must have detailed knowledge of the methods of
valuation
property manager - CORRECT ANSWER - a person or company hired to maintain and
manage property on behalf of the property owner
financing - CORRECT ANSWER - the business of providing the funds that make real
estate sales transactions possible
subdivision - CORRECT ANSWER - the dividing of a single property into smaller parcels
, development - CORRECT ANSWER - involved preparation of a site and construction of
structures or other improvements
home inspection - CORRECT ANSWER - a profession that combines a practitioner's
interest in real estate with skills and training in the construction trades
home inspector - CORRECT ANSWER - conducts a thorough visual survey of a property's
structure, systems, and site conditions and prepares an analytical report that is valuable to both
purchasers and homeowners
caveat emptor - CORRECT ANSWER - buyer beware
real estate counselor - CORRECT ANSWER - furnish clients with the information needed
to make informed decisions, must have a high degree of industry expense
categories of real property - CORRECT ANSWER - residential, commercial, mixed-use,
industrial, agricultural, special purpose
residential - CORRECT ANSWER - all property used for single-family or multifamily
housing, whether in urban, suburban, or rural areas
commercial - CORRECT ANSWER - business property, including office space, shopping
centers, stores, theaters, hotels, and parking facilities
mixed-use - CORRECT ANSWER - property that allows for two or more commercial and
residential uses in the same building
industrial - CORRECT ANSWER - warehouses, factories, land in industrial districts, and
power plants
agricultural - CORRECT ANSWER - farms, timberland, raches, and orchards
Exam Questions and CORRECT Answers
brokerage - CORRECT ANSWER - the business of bringing people together in a real
estate transaction
broker - CORRECT ANSWER - a person or company licensed to buy, sell, exchange, or
lease real property for others and to charge a fee for these services
real estate salesperson - CORRECT ANSWER - employed by or associated with the
broker to perform brokerage activities on behalf of or for the broker
real estate licensee - CORRECT ANSWER - a person who has satisfied the requirements
of a licensing agency, as authorized by state legislation
appraisal - CORRECT ANSWER - the process of developing an opinion of a property's
market value, based on established methods and the appraisers professional judgment
appraiser - CORRECT ANSWER - must have detailed knowledge of the methods of
valuation
property manager - CORRECT ANSWER - a person or company hired to maintain and
manage property on behalf of the property owner
financing - CORRECT ANSWER - the business of providing the funds that make real
estate sales transactions possible
subdivision - CORRECT ANSWER - the dividing of a single property into smaller parcels
, development - CORRECT ANSWER - involved preparation of a site and construction of
structures or other improvements
home inspection - CORRECT ANSWER - a profession that combines a practitioner's
interest in real estate with skills and training in the construction trades
home inspector - CORRECT ANSWER - conducts a thorough visual survey of a property's
structure, systems, and site conditions and prepares an analytical report that is valuable to both
purchasers and homeowners
caveat emptor - CORRECT ANSWER - buyer beware
real estate counselor - CORRECT ANSWER - furnish clients with the information needed
to make informed decisions, must have a high degree of industry expense
categories of real property - CORRECT ANSWER - residential, commercial, mixed-use,
industrial, agricultural, special purpose
residential - CORRECT ANSWER - all property used for single-family or multifamily
housing, whether in urban, suburban, or rural areas
commercial - CORRECT ANSWER - business property, including office space, shopping
centers, stores, theaters, hotels, and parking facilities
mixed-use - CORRECT ANSWER - property that allows for two or more commercial and
residential uses in the same building
industrial - CORRECT ANSWER - warehouses, factories, land in industrial districts, and
power plants
agricultural - CORRECT ANSWER - farms, timberland, raches, and orchards
