Questions and Answers
Ct recognizes these listing agreements - ✔✔Exclusive right to sell, exclusive agency,
open listing
Time required for acquisition of prescription easements is - ✔✔15 years
Under CT law, real estate brokers are required to retain certain brokerage records
such as offers, counteroffers drafted in brokers office, contracts, leases, agency
Agreements and disclosures, escrow and trust account checks and Bank statements.
These records must be kept - ✔✔7 years
An easement by prescription may be extinguished if the owner takes, obtains, or
regains an open and continuous control and possession of the property for - ✔✔15
years
The Connecticut Department of consumer protection requires that land surveyors -
✔✔Be licensed by the Department of consumer protection, division of land surveyors
and professional engineers
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,Resale documents must be furnished to the buyer or his or her attorney before the
closing or transfer of possession. The buyers right to cancel the purchase contract is
how many days after the resale documents have been hand-delivered? - ✔✔5
business days, 7 for certified mail
The common interest ownership act regulates common interest properties. Which
best describes the properties governed by this act? - ✔✔PUD (planned unit
developments) condominiums and cooperatives
A couple were married on July 4, 2007. Both individually owned a condominium
prior to their marriage in their own name. They decided to keep the condominium
unit separate. Once they are married in Connecticut, their former properties will will
- ✔✔Remain separate interests
Questions about boundaries in Connecticut are resolved by - ✔✔The superior Court,
a committee, and possibly a land surveyor
Legal descriptions of property in Connecticut predominantly follow the - ✔✔Metes-
and-bounds method
In cases of involuntary partition the owners are advised to - ✔✔Petition the Superior
Court for equitable relief
Sellers can obtain condominium resale disclosure documents from - ✔✔Association
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, If there is a physical division of co-owned real estate, committees are appointed by
the courts, partitions cannot always be fair and equitable - ✔✔Involuntary partition
action
When a unit owner request a resale certificate from the association in writing, it must
be provided within how many business days, and what kind association charge for
the resale certificate? - ✔✔10 days $125 plus 5 cents per page
Connecticut license laws provide that licensed brokers may not accept a listing that is
based on a - ✔✔Net price
Under Connecticut licensing laws, brokers and agents have to disclose a present or
contemplated interest in a property listed with them if they are - ✔✔Contemplating
purchasing the property
Sharon buyer called agent Michael to view his listing on Monroe Street. Sharon does
not have an agent. Michael provides a written agency disclosure notice to Sharon
stating that he represents the seller. - ✔✔Agency agreement not required
A buyer finds and purchases a for sale by owner home. A broker states entitlement to
a brokerage fee. For this to be the case, the buyer would have entered into which type
of buyer broker agreement with the broker? - ✔✔Exclusive agency right to represent
the buyer
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