CT Real Estate Agency Exam Questions and Answers 100% Pass

CT Real Estate Agency Exam Questions and Answers 100% Pass exclusive agency listing agreement - What is the agency agreement with one broker where the seller retains the right to sell without owing compensation to the broker? exclusive right to represent buyer agency agreement - What is the buyer agreement with one broker, who is entitled to compensation regardless of who located property? exclusive agency right to represent buyer agency agreement - What is the buyer agreement where they only buy with one broker, but they are only entitled to compensation if the broker locates the property? exclusive right to sell listing agreement - What is the agency agreement with one broker where the seller pays the broker regardless of who sells the property? net listings - What kinds of listings are illegal? open listing agreement - What is the nonexclusive listing with multiple brokers where only the selling broker is compensated? 2Brittie Donald, All Rights Reserved © 2025 open right to represent buyer agency agreement - What is the nonexclusive agreement with multiple brokers and only the broker that locates the property is compensation? Exclusive right to sell, Exclusive agency, Open listing - What three types of listing agreements are recognized in CT? Exclusive right to represent buyer, exclusive agency right to represent buyer, open right to represent buyer - Three types of Buyer agency agreements a buyer agency agreement - What is required for a broker to negotiate for a buyer? Negotiation - What is the word that covers: 1. Showing the buyer any property 2. Discussing an offer with the buyer 3. Engaging in negotiation on behalf of the buyer 4. Giving advice to the buyer about particular real estate No - Can an agent without a buyer agency agreement show the buyer any property? No - Can an agent without a buyer agency agreement discuss any offer with the buyer? 3Brittie Donald, All Rights Reserved © 2025 No - Can an agent without a buyer agency agreement engage in negotiation on behalf of the buyer? No - Can an agent without a buyer agency agreement give advice to the buyer about particular real estate? Yes - Can an agent without a buyer agency agreement give the buyer property information for their own listings? Yes - Can an agent without a buyer agency agreement give the buyer information about the licensee's firm? Yes - Can an agent without a buyer agency agreement give the buyer information on mortgage rates and lending institutions