LAW EXAM QUESTIONS AND ANSWERS 100% PASS
ct real estate commission - ✔✔enforces ct licensing law, is part of the department of
consumer protection. Has authority to enact regulations implementing statutes
-Primary duties are to issue licenses, arbitrate disputes between brokers/salespersons,
investigate and prosecute complaints against licensees, form and enforce rules and
regulations regarding licensing and conduct of licensees, establish rules and regs,
administers real estate business, approves courses/schools for pre-licensing
-Keeps records of all activities and submits annual report to governor
structure of ct real estate commission - ✔✔important
8 members: 3 brokers, two licensed salespersons at time of appointment, 3 members of
public
-3 brokers 2 agents preferred
-One member from each congressional district
-not more than bare majority from same political parties
-appointed by governor
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,-these members are volunteers- get together 4-6 times a year
members of commission - ✔✔-Must be electors in the state
-Are appointed by governor
-Take oath to perform faithfully the prescribed duties
-May be removed from office for cause by governor after being given an opportunity to
be heard
commission members select chairperson - ✔✔chairperson of commission must be
bonded in accordance w requirements of state insurance purchasing board
-When voting on issues, majority of members constitute a quorum
-Seats vacated thru resignation, death, removal are filled by appointees of the governor
-Commission members are not paid for services but are reimbursed for necessary
expenses incurred in performance of duties
fees - ✔✔commission collects licensing fees, all fees are deposited w state treasurer and
become part of general fund (except portion of license fees payable to uconn in
conjunction w operation of center for real estate and urban economic studies and
onetime $20 fee assessed on new real estate licensees to fund real estate guaranty fund)
approval of courses/schools - ✔✔the commission evaluates/approves courses/schools
that fulfill pre licensing ed reqs and continuing education reqs
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, person - ✔✔individuals, partnerships, associations, limited liability companies,
corporations
engaging in real estate business - ✔✔acting for another and for a fee, commission, other
valuable consideration, hwo performs/offers/attempts to perform brokerage activities
real estate broker - ✔✔any person who for another and for a fee, performs, offers to
perform, attempts to perform any of the following activities pertaining to real estate
Lists real estate for sale
Sells real estate
Exchanges real estate
Buys real estate
rents/collects rent for use of real estate
Resells mobile home
real estate salesperson - ✔✔any person employed by real estate broker or affiliated w
real estate broker as independent contractor who performs or offers or attempts to
perform any of activities listed previously on behalf of real estate broker
exemption from licensure - ✔✔-Clerical or custodial employees of real estate broker
-Real estate owners/landlords who are not primarily in real estate business
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