CT Practice Exam Questions and Answers 100% Pass

CT Practice Exam Questions and Answers 100% Pass Connecticut licensing law recognizes the following listing agreements: - A. Exclusive right to sell, exclusive agency, open listing 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. - C. Sharon is not required to sign any agency agreement prior to viewing the property. Ex: The property is an in-house listing and she's received a Disclosure Notice - X A buyer finds and purchases a for-sale-by-owner home. A broker states an 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? - A. Exclusive agency right to represent buyer 2Brittie Donald, All Rights Reserved © 2025 A licensee can do the all of the following without entering into a written buyer agency agreement EXCEPT - D. ask the buyer to disclose his or her confidential information. Under Connecticut licensing law, brokers and agents have to disclose a present or contemplated interest in a property listed with them - B. if they are contemplating purchasing the property for their own account - X Which of the following statements is TRUE under Connecticut law? - C. Connecticut license laws provide that licensed brokers may not accept a listing that is based on a "net" price. Under Connecticut law, real estate brokers are required to retain certain brokerage records such as offers and counteroffers drafted by the brokers office, contracts, leases, agency agreements and disclosures, escrow and trust account checks, and bank statements. These records must be kept - D. seven years. The time required for acquisition of prescriptive easements is - C. 15 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 - A. 15 years. - X 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 3Brittie Donald, All Rights Reserved © 2025 units separate. Once they are married in Connecticut, their former properties will - D. remain as separate interests. In an involuntary partition action, the following statements are true EXCEPT - C. courts can never provide equitable relief. -X The Common Interest Ownership Act regulates common interest properties. Which BEST describes the properties governed by this act? - B. PUDs, condominiums, cooperatives Resale documents must be furnished to the buyer or his or her attorney before the closing or transfer of possession. The buyer's right to can