Ct real estate exam prep ch 1-3
Questions and Answers 100% Pass
What type of agency agreement is required in CT? - ✔✔A written agency agreement
is required in order for the broker to recieve payment
What are the 6 fiduciary responsibilities? - ✔✔Care, obedience, loyalty, disclosure,
Accounting and confidentiality (COLD-AC)
Is dual agency permitted in CT? - ✔✔Yes, with informed consent
What is designated agency? - ✔✔Where the buyer and the seller each have their own
agent, but both of those agents work for the same broker
What is dual agency? - ✔✔an agent that works with both the buyer and seller of a
home.
Does a sale have to take place for a broker to receive commission? - ✔✔No, as long as
the broker produces a ready, willing and able buyer
Can a broker receive a referral fee from a lawyer? - ✔✔No, they can't receive referral
fees for the referral of a buyer to an attorney, mortgage broker, or lender
A licensed real estate salesperson must be
Brittie Donald, All Rights Reserved © 2025 1
,A. affiliated with a licensed real estate broker.
B. an employee of a licensed real estate broker.
C. an independent contractor.
D. willing to enter into agency relationships with clients - ✔✔Ans = A
A real estate broker's license allows a broker to do all of the following EXCEPT
A. sell real estate.
B. resell a mobile home.
C. collect rent on behalf of a landlord.
D. appraise real estate - ✔✔Ans = D
Brittie Donald, All Rights Reserved © 2025 2
, A licensed real estate salesperson must be with a licensed real estate broker.
A. affiliated with a licensed real estate broker.
B. an employee of a licensed real estate broker.
C. an independent contractor.
D. willing to enter into agency relationships with clients. - ✔✔Ans = A
Under Connecticut licensing law, a limited liability company (LLC) will be granted a
broker's license only if
A. the LLC is owned exclusively by licensed brokers.
B. all active owners of the LLC have either a broker or salesperson license, and a
majority of the entity is owned by brokers.
Brittie Donald, All Rights Reserved © 2025 3
Questions and Answers 100% Pass
What type of agency agreement is required in CT? - ✔✔A written agency agreement
is required in order for the broker to recieve payment
What are the 6 fiduciary responsibilities? - ✔✔Care, obedience, loyalty, disclosure,
Accounting and confidentiality (COLD-AC)
Is dual agency permitted in CT? - ✔✔Yes, with informed consent
What is designated agency? - ✔✔Where the buyer and the seller each have their own
agent, but both of those agents work for the same broker
What is dual agency? - ✔✔an agent that works with both the buyer and seller of a
home.
Does a sale have to take place for a broker to receive commission? - ✔✔No, as long as
the broker produces a ready, willing and able buyer
Can a broker receive a referral fee from a lawyer? - ✔✔No, they can't receive referral
fees for the referral of a buyer to an attorney, mortgage broker, or lender
A licensed real estate salesperson must be
Brittie Donald, All Rights Reserved © 2025 1
,A. affiliated with a licensed real estate broker.
B. an employee of a licensed real estate broker.
C. an independent contractor.
D. willing to enter into agency relationships with clients - ✔✔Ans = A
A real estate broker's license allows a broker to do all of the following EXCEPT
A. sell real estate.
B. resell a mobile home.
C. collect rent on behalf of a landlord.
D. appraise real estate - ✔✔Ans = D
Brittie Donald, All Rights Reserved © 2025 2
, A licensed real estate salesperson must be with a licensed real estate broker.
A. affiliated with a licensed real estate broker.
B. an employee of a licensed real estate broker.
C. an independent contractor.
D. willing to enter into agency relationships with clients. - ✔✔Ans = A
Under Connecticut licensing law, a limited liability company (LLC) will be granted a
broker's license only if
A. the LLC is owned exclusively by licensed brokers.
B. all active owners of the LLC have either a broker or salesperson license, and a
majority of the entity is owned by brokers.
Brittie Donald, All Rights Reserved © 2025 3
