Questions and Answers 100% Pass
The provisions of the Americans with disabilities Act (ADA) most likely apply to -
✔✔places of public accommodation
In CT, once both parties have signed, how many days does a broker have to deposit
the good faith monies into escrow - ✔✔3 banking days
In the event one party to a real estate sales contract wants to back out, the other party
may force the reluctant party to honor the terms of the contract through legal process
known as
A. Liquidated damages
B. Hypothercation
C. Specific Performance
D. Suit to quiet title - ✔✔C. Specific Perfomance
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,A licensed real estate broker who engages the services of a licensed salesperson on
the basis that the broker can direct what the salesperson can do but not how it is
done has - ✔✔Engaged an independent contractor
In the event the CT RE Commission authorizes a payout from the guaranty fund on
behalf of a licensee which of the following is CORRECT
The commission will direct all of the licensees renewal fees to the fund
The licensee's license will be suspended pending a hearing
The commission will hold the licensee's broker responsible for the amount paid
the licensee's license will be revoked automatically - ✔✔the licensee's license will be
revoked automatically
All of the following are necessary to a valid deed EXCEPT
Recital of consideration
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,Delivery
Words of conveyance
Grantees signature - ✔✔Grantees signature
An owner had a grease fire and it spread to the ceiling. The kitchen was remodeled
and the charred ceiling joists were sealed and painted. When the seller sells the
property, the hidden charred ceiling joists should be disclosed as: - ✔✔Caveat
Emptor
Relationship between property mortgage and promissory note is that the mortgage -
✔✔Mortgage creates a property lien as security for the note, which gives the details
of both the amount of hte debt and terms of repayment
Which of the following provides monetary compensation to an owner in the event
that the owners property is taken to build a new freeway
A. Police Power
B. Taxation
C. Escheat
D. Condemnation - ✔✔D. Condemnation
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, a buyer who recieves a fee simple interest in an apartment unit and an undivided
interest in the common areas held as tenants in common with the other units has
purchased a.
Townhouse
Co-op
Condo
Timeshare - ✔✔Condo
The CT Real Estate Commission shall take which of the following actions upon
being notified in writing by a consumer that the licensee has committed a licensee
law violation - ✔✔Provide an opportunity for a hearing on the matter
The illegal practice of redlining is most likely to be committed by which of the
following professionals during the course of a real estate transaction - ✔✔Lenders
Engaging in Real estate appraisal is defined as the act or process of - ✔✔Estimating
the value of real estate for a fee
Equal Credit Opportunity Act prohibits discrimination on - ✔✔Race
Color
religion
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