CT REAL ESTATE SALESPERSON
EXAM QUESTIONS AND ANSWERS
When is the In a dual agency/ designated agency notice and consent agreement
signed? - ANSWER-A dual agency/ designated agency notice and consent
agreement is usually signed generically at the time of an agency representation
agreement has been entered into and must be executed again before a specific
buyer client makes an offer on a specific seller client property by both buyer and
seller listing specific parties and property
The real estate license law is administered by the___________ - ANSWER-Real
Estate Commission
A person must be licensed as a real estate broker or salesperson if that person is
_____ - ANSWER-Engaging in real estate business
The initial salesperson's license fee is presently ________, and annual renewals
are_______. - ANSWER-$285/$285
A nonresident license applicant must file with the commission - ANSWER-An
irrevocable consent to suit
All real estate licenses expire annually on - ANSWER-May 31
To change broker affiliation, a salesperson must - ANSWER-Register the change
with the commission
When must a Disclosure of Agency to Unrepresented persons be given to any
unrepresented parties? - ANSWER-Must be given at the beginning of the first
personal meeting concerning the I represented parties needs
The Disclosure of Agency to Unrepresented Persons is required to be attached
where? - ANSWER-The Disclosure of Agency to Unrepresented Persons is required
to be attached to any offer, binder, option, or agreement to purchase or lease.
What should the agent do if an Unrepresented person refuses to sign the "Disclosure
of Agency to Unrepresented Persons"? - ANSWER-The agent should note the
refusal on the line indicated for the person's signature and attach that disclosure
What percentage of brokers must own a corporation that is licensed as a brokerage?
- ANSWER-51% of licensed brokers must own the entity
Dual agency - ANSWER-When both buyer and seller are represented by the same
brokerage
Designated agency - ANSWER-In a Dual Agency situation the brokerage will
designate an agent to the buyer and another to the seller
EXAM QUESTIONS AND ANSWERS
When is the In a dual agency/ designated agency notice and consent agreement
signed? - ANSWER-A dual agency/ designated agency notice and consent
agreement is usually signed generically at the time of an agency representation
agreement has been entered into and must be executed again before a specific
buyer client makes an offer on a specific seller client property by both buyer and
seller listing specific parties and property
The real estate license law is administered by the___________ - ANSWER-Real
Estate Commission
A person must be licensed as a real estate broker or salesperson if that person is
_____ - ANSWER-Engaging in real estate business
The initial salesperson's license fee is presently ________, and annual renewals
are_______. - ANSWER-$285/$285
A nonresident license applicant must file with the commission - ANSWER-An
irrevocable consent to suit
All real estate licenses expire annually on - ANSWER-May 31
To change broker affiliation, a salesperson must - ANSWER-Register the change
with the commission
When must a Disclosure of Agency to Unrepresented persons be given to any
unrepresented parties? - ANSWER-Must be given at the beginning of the first
personal meeting concerning the I represented parties needs
The Disclosure of Agency to Unrepresented Persons is required to be attached
where? - ANSWER-The Disclosure of Agency to Unrepresented Persons is required
to be attached to any offer, binder, option, or agreement to purchase or lease.
What should the agent do if an Unrepresented person refuses to sign the "Disclosure
of Agency to Unrepresented Persons"? - ANSWER-The agent should note the
refusal on the line indicated for the person's signature and attach that disclosure
What percentage of brokers must own a corporation that is licensed as a brokerage?
- ANSWER-51% of licensed brokers must own the entity
Dual agency - ANSWER-When both buyer and seller are represented by the same
brokerage
Designated agency - ANSWER-In a Dual Agency situation the brokerage will
designate an agent to the buyer and another to the seller
