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CT BOOK REAL ESTATE LAW REVIEW QUESTIONS AND ANSWERS 100% PASS

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CT BOOK REAL ESTATE LAW REVIEW QUESTIONS AND ANSWERS 100% PASS protects general public (sets regulations for people involved in real estate business) - what is the purpose of the licensing law? broker and salesperson - what are the two categories of licensure? agency - ____ is the legal representational relationship that a broker has with a client? broker vs salesperson - broker paid fee to act for someone in purchase/sale/rental/exchange of real estate, salesperson acts on behalf of broker dual agent/agency - a broker representing two clients involved in the same transaction? designated agency, written informed consent - if the broker specifically designates one salesperson to specifically represent only the other client, this becomes ______. this requires both parties to give 2Brittie Donald, All Rights Reserved © 2025 ct real estate commission, ct dept of consumer protection - licenses are obtained thru the ________which is part of the _______ at least one (51% ownership) - if more than one party owns the real estate entity _________ must be a licensed broker independent contractor agreement - agents should sign a ________________ with their employing broker unlicensed personell - _____________ are not allowed to perform real estate brokerage tasks true ( only w some states) - ct does not have a blanket reciprocal relationship with other states ageny - ______________ is the legal representational relationship between a broker and client customer - working w a person with whom you have no written agreement makes that person a __________ written - brokers are required to have ________ agency agreements fiduciary - an agent owes ________ duties to a client

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Institution
CT Real Estate
Course
CT Real Estate

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Uploaded on
February 2, 2025
Number of pages
12
Written in
2024/2025
Type
Exam (elaborations)
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Questions & answers

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CT BOOK REAL ESTATE LAW
REVIEW QUESTIONS AND
ANSWERS 100% PASS

protects general public (sets regulations for people involved in real estate business) -

✔✔what is the purpose of the licensing law?


broker and salesperson - ✔✔what are the two categories of licensure?


agency - ✔✔____ is the legal representational relationship that a broker has with a

client?


broker vs salesperson - ✔✔broker paid fee to act for someone in

purchase/sale/rental/exchange of real estate, salesperson acts on behalf of broker


dual agent/agency - ✔✔a broker representing two clients involved in the same

transaction?


designated agency, written informed consent - ✔✔if the broker specifically

designates one salesperson to specifically represent only the other client, this

becomes ______. this requires both parties to give




Brittie Donald, All Rights Reserved © 2025 1

, ct real estate commission, ct dept of consumer protection - ✔✔licenses are obtained

thru the ________which is part of the _______


at least one (51% ownership) - ✔✔if more than one party owns the real estate entity

_________ must be a licensed broker


independent contractor agreement - ✔✔agents should sign a ________________ with

their employing broker


unlicensed personell - ✔✔_____________ are not allowed to perform real estate

brokerage tasks


true ( only w some states) - ✔✔ct does not have a blanket reciprocal relationship with

other states


ageny - ✔✔______________ is the legal representational relationship between a

broker and client


customer - ✔✔working w a person with whom you have no written agreement makes

that person a __________


written - ✔✔brokers are required to have ________ agency agreements


fiduciary - ✔✔an agent owes ________ duties to a client


forever - ✔✔confidential info must be kept confidential for _________




Brittie Donald, All Rights Reserved © 2025 2

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