Portion | 60-Hour In Class Final Exam
Questions and Answers 100% Pass
Sub Agency - ✔✔A. is the preferred way of doing business in CT
B. can be conducted with the informed written consent of the person the broker
represents
C. Can be conducted with the verbal consent of all parties
D. Creates no vicarious liability for any party in the transaction
Dual Agency - ✔✔A. is the preferred way of dong business in CT
B. Has to be disclosed to the first party that the agent represents
C. Must be disclosed in writing to both parties
D. Is the future of the real estate business
The passing score on the test to attain Real Estate Broker Candidate license is -
✔✔A.75%
B. 70%
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, C. 72%
D. 85%
On the subsequent sale of a cooperative unit by the seller (owner) the seller must give
the purchaser (buyer) - ✔✔A. a set of resale documents
B. property lease
C. public offering statement
D. conversion notice
Listing and buyer brokerage contracts are considered to be - ✔✔A.bilateral contracts
B. implied contracts
C. parole contracts
D. unilateral contracts
Under a standard listing contract, a broker is considered to be a - ✔✔A. special agent
B. general agent
C. procuring cause
D. universal agent
The real estate license law is administered by the - ✔✔A. Council on Housing Matters
B.department of consumer protection
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