UPDATED Exam Questions and CORRECT
Answers
Connecticut Real Estate Commissions primary duties: - CORRECT ANSWER - 1) issue
licenses
2) arbitrates disputes between brokers and salespersons
3) investigates and prosecutes complaints against licensees
4) formulate and enforce rules and regulations regarding licensing and conduct of licensing
How is the CT Real Estate Commision made up? - CORRECT ANSWER - eight members
- five in the real estate business (3 brokers and 2 salespersons) and three members of the public
(at least 1 member from each congressional district and not more than the bare majority from the
same political party)
To be a member of the CT Real Estate Commission you must.. - CORRECT ANSWER -
1) electors in the state
2) appointed by the governor
3) take an oath to perform faithfully to prescribed duties
4) may be removed from the office for a cause by the governor after being given an opportunity
to be heard
The CT Real Estate Commission chairman must.. - CORRECT ANSWER - be bonded in
accordance with the requirements of the state insurance purchasing board.
Are CT Real Estate Commission members paid for their services? - CORRECT
ANSWER - NO, but they are reimbursed for necessary expenses incurred in the
performance of their duties
Engaging in the real estate business consists of acting for another for a fee in all of the following
activities EXCEPT
, A: investing in real estate
B: reselling a mobile home
C: selling real-estate
D: collecting rent for the use of real estate - CORRECT ANSWER - A: investing in real
estate
you are employed by an apartment complex as a residential on-site property custodian. Part of
your duties involves negotiating leases for the apartments. In this position you
A) must have a salesperson license
B) must have a brokers license
C) are exempt from the licensing requirements if you reside at the apartment complex
D) are violating the license law - CORRECT ANSWER - C) are exempt from the licensing
requirements if you reside at the apartment complex
The initial salespersons license fee is presently ----, and annual renewals are ----
A) $285/$285
B) $565/$285
C) $285/$75
D) $565/$375 - CORRECT ANSWER - A) $285/$285
Which of the following is EXEMPT from the real estate licensing requirement?
A) attorney at law when serving as legal counsel to a client
B) Appraiser when valuing a client's property
C) Associations, partnerships, corporations
D) Real property securities dealers - CORRECT ANSWER - A) attorney at law when
serving as legal counsel to a client
Ben broker maintains the website that highlights all of the property listings that he has. Ben
knows that the licensing law requires that he include certain information on this website,
including the certain information on this website, including the