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Exam (elaborations)

CT RE PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTIONS

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CT RE PRACTICE EXAM QUESTIONS WITH COMPLETE SOLUTIONS

Institution
Connecticut Real Estate
Course
Connecticut Real Estate









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Institution
Connecticut Real Estate
Course
Connecticut Real Estate

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Uploaded on
May 3, 2025
Number of pages
8
Written in
2024/2025
Type
Exam (elaborations)
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CT RE PRACTICE EXAM QUESTIONS
WITH COMPLETE SOLUTIONS
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 were recorded I. The
town clerk's office in this order: 2/11/2000 (Lien 1), 3/23/2004 (Lien 2), 4/18/2003
(Lien 3), 5/22/2005 (Lien 4). All liens were executed on the dates noted; however,
Lien 3 was recorded after Lien 2. Which lien would have priority as the third based
on the date of recording? - ANSWER-April 18, 2003 (Lien 3)

State conveyance taxes and municipal conveyance taxes are - ANSWER-Based on
a percentage of the selling price.

The Connecticut Statute of Frauds requires that all contracts affecting real estate
must be in writing to be enforceable. All contracts over ____ must be in writing. -
ANSWER-$500

Real estate contracts must contain the basic legal elements to be enforceable.
These include legally competent parties, offer and acceptance, legality of object,
and... - ANSWER-Valid consideration

In Connecticut, minors are generally permitted to void their contracts. In Connecticut,
an individual may enter into a legally enforceable contract at the age of... -
ANSWER-18

Listing and buyer agency contracts are bilateral contracts. To be enforceable,
agency agreements must be in writing and contain certain minimal provisions,
EXCEPT - ANSWER-Identification of the property involved in the transaction

Licensees receiving money from a client or customer MUST deposit the money in
escrow - ANSWER-Within 3 business days

If the buyer or seller breaches a real estate contract ending in a dispute, the broker
holding the escrow funds has the option to - ANSWER-Deposit the funds with a court

Residential property condition disclosure notices must be given to a property buyer
by the seller in all residential transactions, EXCEPT in the case of - ANSWER-Newly
constructed residential real estate

Which is TRUE for property condition disclosure notices delivered by the seller to the
buyer? - ANSWER-If the seller fails to comply, the fine is $500 at closing

Connecticut requires certain elements in a dead to convey title. Connecticut does
NOT require - ANSWER-Deed signed by grantee

Farm, forest, and open space land is governed by a special conveyance tax in
addition to the standard conveyance tax. If the grantor sells a property of this

, classification within the first year, the penalty on the sale is - ANSWER-10% of the
sales price

The prescriptive period to acquire adverse possession requires the adverse
possessor to have had uninterrupted use for a period of - ANSWER-15 years

A man believes he has acquired title to a property by adverse possession. To make
a legal title claim, he MUST - ANSWER-Bring a quiet title action in a civil court

Connecticut requires anyone of sound mind who prepares a will to be of whatever
age and to have how many witnesses? - ANSWER-18, two

If an individual dies intestate with no known beneficiaries, the estate escheats to the
state after - ANSWER-20 years

In Connecticut, the land records are indexed by - ANSWER-Grantor/grantee

An accurate search of title is MOST importantly to a (an) - ANSWER-Grantee

Christine's attorney has advised her to have a more complete examination of the
land records. She should request a(an) - ANSWER-Abstract of title

A marketable record of title is unbroken for - ANSWER-40 years

In Connecticut, title passes on - ANSWER-Delivery and acceptance

Recording the documents affecting the title to real estate gives - ANSWER-
Constructive notice

Regulations regarding CT licensing laws are enforced by the - ANSWER-Real Estate
Commission

The Commission is made up of - ANSWER-Five in real estate (three licensed
brokers, two licensed salespersons), and three members of the general public.

Greg a licensed salesperson, does not renew his license. One month after the
expiration of his license, Greg's last listing with ABC Realty closes. He had worked in
this transaction for three months. Greg - ANSWER-Is not entitled to anything

In cases of involuntary partition, the owners are advised to - ANSWER-Petition the
superior court for equitable relief

Legal descriptions of property in CT predominantly follow the - ANSWER-Metes-and-
bounds method

The Connecticut Department of Consumer Protection requires that the land
surveyors - ANSWER-Be licensed by the Department of Consumer Protection,
Division of Land Surveyors and Professional Engineers

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