CONNECTICUT REAL ESTATE
PRACTICE & LAW CHAPTER 1 REAL
ESTATE BROKERAGE AND AGENCY
QUIZ QUESTIONS WITH CORRECT
ANSWERS
If a broker wishes to collect compensation from a potential buyer, the broker must
have - ANSWER-entered into a written agency relationship with the buyer
An unlicensed assistant can help a real estate broker by doing all of the following
EXCEPT - ANSWER-show properties
When can a real estate licensee reveal confidential information about a client? -
ANSWER-Never
The primary difference between dual agency and designated agency is that -
ANSWER-in dual agency, the broker and all licensees working for the broker
represent both the buyer and the seller, whereas in designated agency, the broker
represents both the buyer and the seller but has appointed a separate seller agent
and separate buyer agent.
Referral fees are not allowed in any of the following circumstances EXCEPT -
ANSWER-a referral fee given from a licensed broker in Connecticut to a licensed
broker in Massachusetts in return for the Massachusetts broker referring a buyer to
the Connecticut broker.
A licensed real estate broker entered into a listing agreement with a seller to sell his
house. The house never sold and the listing expired. How long must the broker
retain a copy of the listing agreement - ANSWER-Seven years.
When a broker represents the seller of real estate, an agency disclosure must be
given to - ANSWER-any potential unrepresented putchaser, a the beginning of the
first personal meeting with the purchaser
A realty company has entered into agency agreements with both the seller and the
buyer. The buyer is interested in making an offer on the seller's property. Can this
occur? - ANSWER-Yes, if both the buyer and the seller give their consent to dual
agency
A realty company has entered into agency agreements with both the seller and the
buyer. The seller and the buyer agreed to dual agency but not designated agency. .
A salesperson with the same realty has beeen working with the buyer. Legally, the
salesperson is not allowed to do any of the following EXCEPT - ANSWER-provide
PRACTICE & LAW CHAPTER 1 REAL
ESTATE BROKERAGE AND AGENCY
QUIZ QUESTIONS WITH CORRECT
ANSWERS
If a broker wishes to collect compensation from a potential buyer, the broker must
have - ANSWER-entered into a written agency relationship with the buyer
An unlicensed assistant can help a real estate broker by doing all of the following
EXCEPT - ANSWER-show properties
When can a real estate licensee reveal confidential information about a client? -
ANSWER-Never
The primary difference between dual agency and designated agency is that -
ANSWER-in dual agency, the broker and all licensees working for the broker
represent both the buyer and the seller, whereas in designated agency, the broker
represents both the buyer and the seller but has appointed a separate seller agent
and separate buyer agent.
Referral fees are not allowed in any of the following circumstances EXCEPT -
ANSWER-a referral fee given from a licensed broker in Connecticut to a licensed
broker in Massachusetts in return for the Massachusetts broker referring a buyer to
the Connecticut broker.
A licensed real estate broker entered into a listing agreement with a seller to sell his
house. The house never sold and the listing expired. How long must the broker
retain a copy of the listing agreement - ANSWER-Seven years.
When a broker represents the seller of real estate, an agency disclosure must be
given to - ANSWER-any potential unrepresented putchaser, a the beginning of the
first personal meeting with the purchaser
A realty company has entered into agency agreements with both the seller and the
buyer. The buyer is interested in making an offer on the seller's property. Can this
occur? - ANSWER-Yes, if both the buyer and the seller give their consent to dual
agency
A realty company has entered into agency agreements with both the seller and the
buyer. The seller and the buyer agreed to dual agency but not designated agency. .
A salesperson with the same realty has beeen working with the buyer. Legally, the
salesperson is not allowed to do any of the following EXCEPT - ANSWER-provide
