CONNECTICUT QUIZ 10 CORRECT
ANSWERS
To change broker affiliation, a salesperson must - ANSWER-Register the change
Wight he Commission
If a broker tells a lender that the sales price on a property is something above its
actual sales price, the - ANSWER-Broker can lose his/her license and be fined and
imprisoned
The Commission has the power to revoke a salesperson's license, if the salesperson
- ANSWER-Deposit's a buyer's down payment in his own bank account
A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's basement periodically floods, but the seller has instructed the
licensee not to disclose this fact to potential buyers. In this case, the licensee -
ANSWER-Must disclose the flooding because it is a material fact
A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's husband has been murdered in the house, but the seller has
instructed the licensee not to disclose this fact because she is fearful that people
may not wat to buy the house. In this case, the licensee - ANSWER-Is not required
to disclose the murder because it is not a material fact
A saleswoman regularly communicates with all of her clients and potential clients via
email. The ice sing law requires that her email contain all but
A. Her name and office address
B. The name of the broker she is affiliated with
C. Her license certificate number
D. All the states where she is licensed - ANSWER-C. Her license certificate number
Ben Broker has entered into an agency agreement to sell Sally's property. A
salesperson affiliated with another broker introduces a buyer to the property and that
buyer actually purchases it. Ben would like to share some of his commission earned
from Sally with the salesperson. Can he do so? - ANSWER-No, a broker cannot
compensate another broker's salesperson directly
The maximum compensation that will be paid from the Real Estate Guaranty Fund
for any single transaction is - ANSWER-$25,000
In addition to a course in real estate principles and practices, an broker applicant
must also take courses in - ANSWER-Real estate brokerage principles and practices
and legal compliances
Applicants who fail a license exam - ANSWER-Are notified of the results at the exam
site
ANSWERS
To change broker affiliation, a salesperson must - ANSWER-Register the change
Wight he Commission
If a broker tells a lender that the sales price on a property is something above its
actual sales price, the - ANSWER-Broker can lose his/her license and be fined and
imprisoned
The Commission has the power to revoke a salesperson's license, if the salesperson
- ANSWER-Deposit's a buyer's down payment in his own bank account
A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's basement periodically floods, but the seller has instructed the
licensee not to disclose this fact to potential buyers. In this case, the licensee -
ANSWER-Must disclose the flooding because it is a material fact
A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's husband has been murdered in the house, but the seller has
instructed the licensee not to disclose this fact because she is fearful that people
may not wat to buy the house. In this case, the licensee - ANSWER-Is not required
to disclose the murder because it is not a material fact
A saleswoman regularly communicates with all of her clients and potential clients via
email. The ice sing law requires that her email contain all but
A. Her name and office address
B. The name of the broker she is affiliated with
C. Her license certificate number
D. All the states where she is licensed - ANSWER-C. Her license certificate number
Ben Broker has entered into an agency agreement to sell Sally's property. A
salesperson affiliated with another broker introduces a buyer to the property and that
buyer actually purchases it. Ben would like to share some of his commission earned
from Sally with the salesperson. Can he do so? - ANSWER-No, a broker cannot
compensate another broker's salesperson directly
The maximum compensation that will be paid from the Real Estate Guaranty Fund
for any single transaction is - ANSWER-$25,000
In addition to a course in real estate principles and practices, an broker applicant
must also take courses in - ANSWER-Real estate brokerage principles and practices
and legal compliances
Applicants who fail a license exam - ANSWER-Are notified of the results at the exam
site
