CONNECTICUT PSI PART 1 PRACTICE
EXAM QUESTIONS WITH VERIFIED
ANSWERS
The Connecticut Department of Consumer Protection requires that land surveyors:
(a) Be licensed by the Department of Consumer Protection, Division of Land
Surveyors and Professional Engineers
(b) Have a broker's license
(c) Be licensed under the Department of Consumer Protection Division of Surveyors
(d) Do not have to be licensed but must have worked under another surveyor's
license for five years - ANSWER-The Connecticut Department of Consumer
Protection requires that land surveyors:
(a) Be licensed by the Department of Consumer Protection, Division of Land
Surveyors and Professional Engineers
- A person who measures and maps property boundary lines must be licensed as a
land surveyor.
Questions about boundaries in Connecticut are resolved by:
(a) The superior court
(b) The superior court with the appointment of a committee
(c) The superior court, a committee, and possibly a land surveyor
(d) A committee - ANSWER-Questions about boundaries in Connecticut are resolved
by:
(c) The superior court, a committee, and possibly a land surveyor
- One of the adjoining property owners in the van of the lost or uncertain boundary
would seek relief in superior court. The court would then appoint a three-person
committee which may in turn seek the assistance of a land surveyor.
The Connecticut Common Interest Ownership Act dictates that a legally sufficient
description of a common interest ownership unit must contain all of the following
EXCEPT:
(a) The recording date of the original declaration
(b) The name of the common interest community
(c) The identifying number of the unit
(d) A list of the unit owners, their payment history, and telephone numbers -
ANSWER-The Connecticut Common Interest Ownership Act dictates that a legally
sufficient description of a common interest ownership unit must contain all of the
following EXCEPT:
(d) A list of the unit owners, their payment history, and telephone numbers
- The Connecticut Common interest Ownership Act states that a legal sufficient
description of a common interest ownership unit must contain the name of the
common interest community, recording data for original declaration, the town in
which the common interest community is located, and the identifying number of the
unit.
The state requires that values placed on all properties be based on their:
(a) Assessed value
,(b) Intrinsic value
(c) Ad valorem value
(d) Market value - ANSWER-The state requires that values placed on all properties
be based on their:
(d) Market value
- The state requires that the values placed on all properties reflect their market
value.
Connecticut law requires towns to revalue properties ever ____ years by physical
observation or statistical analysis. Physical inspection is required every ___ years:
(a) 10; 5
(b) 5; 12
(c) 5; 10
(d) 7; 10 - ANSWER-Connecticut law requires towns to revalue properties ever ____
years by physical observation or statistical analysis. Physical inspection is required
every ___ years:
(c) 5; 10
- Connecticut law requires five-year real estate valuation and a physical inspection
every ten years.
Monica owns a property with an appraised value of $700,000. The tax rate is 25 mills
(or $25 per $1,000 of assessed value). Compute her taxes:
(a) $12,250
(b) $17,500
(c) $14,500
(d) Need more information - ANSWER-Monica owns a property with an appraised
value of $700,000. The tax rate is 25 mills (or $25 per $1,000 of assessed value).
Compute her taxes:
(c) 17,500
- You take 25 divided by 1000 = .025
Take $700,000 (appraised value) and times by .025 = 17,500 which is property tax,
Mill rate is percentage (in this case 25) which is $25 for every $1000 so you take 25
divide by 1000 = 0.025. Then you take your appraised value and multiply by 0.025
which gives you property tax
Taxes are a lien on the property:
(a) From the date of revaluation
(b) Generally from October 1st
(c) From the date assessment
(d) Once federal taxes are unpaid for six months - ANSWER-Taxes are a lien on the
property:
(c) From the date assessment
- Taxes are a lien on the properties of the date of assessment.
Connecticut statues generally hold the tax liens to a _____ - year maximum. To be
valid, tax liens must be recorded by the agency levying the tax within two years from
the due date.
(a) 2 year
(b) 4 year
(c) 10 year
, (d) 15 year - ANSWER-Connecticut statues generally hold the tax liens to a _____ -
year maximum. To be valid, tax liens must be recorded by the agency levying the tax
within two years from the due date.
(d) 15 year
- Statutes generally hold up to a 15-year maximum.
Liens have been recorded in Waterbury for a property located on Woodchuck Road.
These liens are in addition to the tax and municipal liens. They are recorded in the
town clerk's office in this order:
February 11, 2000 (Lien 1), March 23, 2003 (Lien 2), April 18, 2003 (Lien 3), and
May 22, 2005 (Lien 4). Which lien would have priority as third in line based on the
date or recording?
(a) February 11, 2000 (Lien 1)
(b) May 22, 2005 (Lien 4)
(c) April 18, 2003 (Lien 3)
(d) March 23, 2004 (Lien 2) - ANSWER-Liens have been recorded in Waterbury for a
property located on Woodchuck Road. These liens are in addition to the tax and
municipal liens. They are recorded in the town clerk's office in this order:
February 11, 2000 (Lien 1), March 23, 2003 (Lien 2), April 18, 2003 (Lien 3), and
May 22, 2005 (Lien 4). Which lien would have priority as third in line based on the
date or recording?
(c) April 18, 2003 (Lien 3)
- After tax or municipal liens, the date of recording take priority. March 23, 2004,
was recorded prior to April 18, 2003. All liens were executed as stated, but Lien 3
was not executed until after Lien 2 was recorded.
State conveyance taxes and municipal conveyance taxes are:
(a) Based on a phase-in formula
(b) Paid by the buyer
(c) Based on a percentage of the selling price
(d) Based on a formula determined by each local municipality according to the sales
price - ANSWER-State conveyance taxes and municipal conveyance taxes are:
(c) Based on a percentage of the selling price
- State conveyance taxes are based on the selling price of a property.
The Connecticut Statue of Frauds requires that all contracts affecting real estate
must be in writing to be enforceable. All contract over _____ must be in writing:
(a) $1,500
(b) $500
(c) $2,500
(d) $5,000 - ANSWER-The Connecticut Statue of Frauds requires that all contracts
affecting real estate must be in writing to be enforceable. All contract over _____
must be in writing:
(b) $500
- Connecticut requires all contracts over $500 to be in writing.
In an involuntary partition action, the following statements are true EXCEPT:
(a) There is a physical division of the co-owned real estate
(b) Committees are appointed by the courts
(c) Courts can never provide equitable relief
EXAM QUESTIONS WITH VERIFIED
ANSWERS
The Connecticut Department of Consumer Protection requires that land surveyors:
(a) Be licensed by the Department of Consumer Protection, Division of Land
Surveyors and Professional Engineers
(b) Have a broker's license
(c) Be licensed under the Department of Consumer Protection Division of Surveyors
(d) Do not have to be licensed but must have worked under another surveyor's
license for five years - ANSWER-The Connecticut Department of Consumer
Protection requires that land surveyors:
(a) Be licensed by the Department of Consumer Protection, Division of Land
Surveyors and Professional Engineers
- A person who measures and maps property boundary lines must be licensed as a
land surveyor.
Questions about boundaries in Connecticut are resolved by:
(a) The superior court
(b) The superior court with the appointment of a committee
(c) The superior court, a committee, and possibly a land surveyor
(d) A committee - ANSWER-Questions about boundaries in Connecticut are resolved
by:
(c) The superior court, a committee, and possibly a land surveyor
- One of the adjoining property owners in the van of the lost or uncertain boundary
would seek relief in superior court. The court would then appoint a three-person
committee which may in turn seek the assistance of a land surveyor.
The Connecticut Common Interest Ownership Act dictates that a legally sufficient
description of a common interest ownership unit must contain all of the following
EXCEPT:
(a) The recording date of the original declaration
(b) The name of the common interest community
(c) The identifying number of the unit
(d) A list of the unit owners, their payment history, and telephone numbers -
ANSWER-The Connecticut Common Interest Ownership Act dictates that a legally
sufficient description of a common interest ownership unit must contain all of the
following EXCEPT:
(d) A list of the unit owners, their payment history, and telephone numbers
- The Connecticut Common interest Ownership Act states that a legal sufficient
description of a common interest ownership unit must contain the name of the
common interest community, recording data for original declaration, the town in
which the common interest community is located, and the identifying number of the
unit.
The state requires that values placed on all properties be based on their:
(a) Assessed value
,(b) Intrinsic value
(c) Ad valorem value
(d) Market value - ANSWER-The state requires that values placed on all properties
be based on their:
(d) Market value
- The state requires that the values placed on all properties reflect their market
value.
Connecticut law requires towns to revalue properties ever ____ years by physical
observation or statistical analysis. Physical inspection is required every ___ years:
(a) 10; 5
(b) 5; 12
(c) 5; 10
(d) 7; 10 - ANSWER-Connecticut law requires towns to revalue properties ever ____
years by physical observation or statistical analysis. Physical inspection is required
every ___ years:
(c) 5; 10
- Connecticut law requires five-year real estate valuation and a physical inspection
every ten years.
Monica owns a property with an appraised value of $700,000. The tax rate is 25 mills
(or $25 per $1,000 of assessed value). Compute her taxes:
(a) $12,250
(b) $17,500
(c) $14,500
(d) Need more information - ANSWER-Monica owns a property with an appraised
value of $700,000. The tax rate is 25 mills (or $25 per $1,000 of assessed value).
Compute her taxes:
(c) 17,500
- You take 25 divided by 1000 = .025
Take $700,000 (appraised value) and times by .025 = 17,500 which is property tax,
Mill rate is percentage (in this case 25) which is $25 for every $1000 so you take 25
divide by 1000 = 0.025. Then you take your appraised value and multiply by 0.025
which gives you property tax
Taxes are a lien on the property:
(a) From the date of revaluation
(b) Generally from October 1st
(c) From the date assessment
(d) Once federal taxes are unpaid for six months - ANSWER-Taxes are a lien on the
property:
(c) From the date assessment
- Taxes are a lien on the properties of the date of assessment.
Connecticut statues generally hold the tax liens to a _____ - year maximum. To be
valid, tax liens must be recorded by the agency levying the tax within two years from
the due date.
(a) 2 year
(b) 4 year
(c) 10 year
, (d) 15 year - ANSWER-Connecticut statues generally hold the tax liens to a _____ -
year maximum. To be valid, tax liens must be recorded by the agency levying the tax
within two years from the due date.
(d) 15 year
- Statutes generally hold up to a 15-year maximum.
Liens have been recorded in Waterbury for a property located on Woodchuck Road.
These liens are in addition to the tax and municipal liens. They are recorded in the
town clerk's office in this order:
February 11, 2000 (Lien 1), March 23, 2003 (Lien 2), April 18, 2003 (Lien 3), and
May 22, 2005 (Lien 4). Which lien would have priority as third in line based on the
date or recording?
(a) February 11, 2000 (Lien 1)
(b) May 22, 2005 (Lien 4)
(c) April 18, 2003 (Lien 3)
(d) March 23, 2004 (Lien 2) - ANSWER-Liens have been recorded in Waterbury for a
property located on Woodchuck Road. These liens are in addition to the tax and
municipal liens. They are recorded in the town clerk's office in this order:
February 11, 2000 (Lien 1), March 23, 2003 (Lien 2), April 18, 2003 (Lien 3), and
May 22, 2005 (Lien 4). Which lien would have priority as third in line based on the
date or recording?
(c) April 18, 2003 (Lien 3)
- After tax or municipal liens, the date of recording take priority. March 23, 2004,
was recorded prior to April 18, 2003. All liens were executed as stated, but Lien 3
was not executed until after Lien 2 was recorded.
State conveyance taxes and municipal conveyance taxes are:
(a) Based on a phase-in formula
(b) Paid by the buyer
(c) Based on a percentage of the selling price
(d) Based on a formula determined by each local municipality according to the sales
price - ANSWER-State conveyance taxes and municipal conveyance taxes are:
(c) Based on a percentage of the selling price
- State conveyance taxes are based on the selling price of a property.
The Connecticut Statue of Frauds requires that all contracts affecting real estate
must be in writing to be enforceable. All contract over _____ must be in writing:
(a) $1,500
(b) $500
(c) $2,500
(d) $5,000 - ANSWER-The Connecticut Statue of Frauds requires that all contracts
affecting real estate must be in writing to be enforceable. All contract over _____
must be in writing:
(b) $500
- Connecticut requires all contracts over $500 to be in writing.
In an involuntary partition action, the following statements are true EXCEPT:
(a) There is a physical division of the co-owned real estate
(b) Committees are appointed by the courts
(c) Courts can never provide equitable relief
