CONNECTICUT PART 2 EXAM
QUESTIONS WITH CORRECT
ANSWERS
The Commission has the power to revoke a salesperson's license if the salesperson
- ANSWER-attempts to represent a real estate broker other than her employer
A licensee has a relative who wishes to purchase a rental duplex. In the event the
licensee presents an offer to purchase on behalf of the relative, the licensee MUST
make which of the following disclosures? - ANSWER-The licensee's status and
licensee representing a relative
According to CT Real Estate License Law a CORRECT statement about a listing
agents obligation regarding multiple simultaneous offers on a property is that the
licensee is required to - ANSWER-submit all offers to the owners
A licensed real estate salesperson must be - ANSWER-affiliated with a licensed real
estate broker
A listing licensee shares the following confidential info with a prospective buyer, "The
property owner is having financial problems and must sell, not only quickly but
perhaps even below the list price". According to CT law, under which of the following
with this circumstance be legal?
a) the info is related to a recorded tax lien
b) the owner granted consent to disclose this info
c) the licensee has disclosed dual agency with the buyer and seller
d) the buyers offering price is known by the licensee to be acceptable to the owner -
ANSWER-b) the owner granted consent to disclose this info
A seller is required to give a buyer a Residential Property Condition Disclosure
Report in all of the following transactions EXCEPT
a) when the seller is not assisted by a licensed real estate agent
b) if the seller has not resided on the property in the last year
c) a sale of commercial property
d) a sale of commercial property - ANSWER-d) a sale of commercial property
Just prior to closing on a residential property, the listing licensee discovers the
plumbing is acting up & there appears to be termite activity. CT law requires the
licensee to take which of the following actions with this information? - ANSWER-
disclose it since it represents known defects that may be a material fact to the buyers
decision to proceed
A licensed real estate salesperson is EXEMPT from the appraisal licensing
requirements when the salesperson - ANSWER-estimates the value of real estate as
part of market analysis
QUESTIONS WITH CORRECT
ANSWERS
The Commission has the power to revoke a salesperson's license if the salesperson
- ANSWER-attempts to represent a real estate broker other than her employer
A licensee has a relative who wishes to purchase a rental duplex. In the event the
licensee presents an offer to purchase on behalf of the relative, the licensee MUST
make which of the following disclosures? - ANSWER-The licensee's status and
licensee representing a relative
According to CT Real Estate License Law a CORRECT statement about a listing
agents obligation regarding multiple simultaneous offers on a property is that the
licensee is required to - ANSWER-submit all offers to the owners
A licensed real estate salesperson must be - ANSWER-affiliated with a licensed real
estate broker
A listing licensee shares the following confidential info with a prospective buyer, "The
property owner is having financial problems and must sell, not only quickly but
perhaps even below the list price". According to CT law, under which of the following
with this circumstance be legal?
a) the info is related to a recorded tax lien
b) the owner granted consent to disclose this info
c) the licensee has disclosed dual agency with the buyer and seller
d) the buyers offering price is known by the licensee to be acceptable to the owner -
ANSWER-b) the owner granted consent to disclose this info
A seller is required to give a buyer a Residential Property Condition Disclosure
Report in all of the following transactions EXCEPT
a) when the seller is not assisted by a licensed real estate agent
b) if the seller has not resided on the property in the last year
c) a sale of commercial property
d) a sale of commercial property - ANSWER-d) a sale of commercial property
Just prior to closing on a residential property, the listing licensee discovers the
plumbing is acting up & there appears to be termite activity. CT law requires the
licensee to take which of the following actions with this information? - ANSWER-
disclose it since it represents known defects that may be a material fact to the buyers
decision to proceed
A licensed real estate salesperson is EXEMPT from the appraisal licensing
requirements when the salesperson - ANSWER-estimates the value of real estate as
part of market analysis
