CT REAL ESTATE CHAPTER 1 EXAM
QUESTIONS AND ANSWERS
How many brokerage firms can a sales person work for - ANSWER-Hey sales
person can only work for one brokerage unless consent is given by the designated
brokerage
What is the definition of engaging in the business of real estate - ANSWER-A person
who collects a fee or commission for listing selling or renting an interest in real estate
Unlicensed person are prohibited from - ANSWER-Negotiating listing selling or
buying real estate for a client or customer
The broker license in another state who enters into a contract for purchase in
Connecticut is considered to be licensed or on unlicensed - ANSWER-Unlicensed
What is the definition of agency - ANSWER-Agency is the legal representational
relationship between a broker and a client
When a broker represents a person what is created - ANSWER-Agency relationship
When the broker is the agent the person represented is the - ANSWER-Client also
referred to as a principal
When a broker is working with a person but does not represent that person no
agency relationships created what is this person referred to as - ANSWER-They are
referred to as a customer the broker does not old FIDUCIARY duties but must still
deal with a customer in an honest manner
In Connecticut is a verbal agreement and enough to collect payment in the state of
Connecticut - ANSWER-no must be a written agency agreement
Agency agreement with the seller are called - ANSWER-Listing agreement
Agency agreement with the buyer are called - ANSWER-Buyer agency agreement
And a broker sell real estate or are they conveying and hired to market the property
for sale - ANSWER-convey n market
Agency runs to broker not individual sales person - ANSWER-
An agency relationship are entered into between a client and a broker or a sales
person - ANSWER-A brokerage firm because it sells person works for a designated
broker
Designated broker and affirm enters into agency relationship with client what does
the agency umbrella mean - ANSWER-All sales person who work for that broker are
also agents of that client
QUESTIONS AND ANSWERS
How many brokerage firms can a sales person work for - ANSWER-Hey sales
person can only work for one brokerage unless consent is given by the designated
brokerage
What is the definition of engaging in the business of real estate - ANSWER-A person
who collects a fee or commission for listing selling or renting an interest in real estate
Unlicensed person are prohibited from - ANSWER-Negotiating listing selling or
buying real estate for a client or customer
The broker license in another state who enters into a contract for purchase in
Connecticut is considered to be licensed or on unlicensed - ANSWER-Unlicensed
What is the definition of agency - ANSWER-Agency is the legal representational
relationship between a broker and a client
When a broker represents a person what is created - ANSWER-Agency relationship
When the broker is the agent the person represented is the - ANSWER-Client also
referred to as a principal
When a broker is working with a person but does not represent that person no
agency relationships created what is this person referred to as - ANSWER-They are
referred to as a customer the broker does not old FIDUCIARY duties but must still
deal with a customer in an honest manner
In Connecticut is a verbal agreement and enough to collect payment in the state of
Connecticut - ANSWER-no must be a written agency agreement
Agency agreement with the seller are called - ANSWER-Listing agreement
Agency agreement with the buyer are called - ANSWER-Buyer agency agreement
And a broker sell real estate or are they conveying and hired to market the property
for sale - ANSWER-convey n market
Agency runs to broker not individual sales person - ANSWER-
An agency relationship are entered into between a client and a broker or a sales
person - ANSWER-A brokerage firm because it sells person works for a designated
broker
Designated broker and affirm enters into agency relationship with client what does
the agency umbrella mean - ANSWER-All sales person who work for that broker are
also agents of that client
