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Exam (elaborations)

CT REAL ESTATE PRACTICE & LAW QUESTIONS WITH COMPLETE ANSWERS

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CT REAL ESTATE PRACTICE & LAW QUESTIONS WITH COMPLETE ANSWERS

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
13
Written in
2024/2025
Type
Exam (elaborations)
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CT REAL ESTATE PRACTICE & LAW
QUESTIONS WITH COMPLETE
ANSWERS
Connecticut licensing law requires That in order to sit for the state exam and obtain a
real estate brokers license, the candidate must successfully complete from an
approved school - ANSWER-60 hours of the principles in practice, 30 hours of
appraisal, and 30 hours of other real estate course work.

In order to sit for the Connecticut brokers exam the candidate must be a minimum of
____ Years of age and pay an initial fee of _____ - ANSWER-18, $565

If a licensed broker and embezzles money from the client in the transaction, what is
the maximum compensation that the client can seek from the real estate guarantee
fund? - ANSWER-$25,000

Crystal, a convicted felon has made application for a real estate license. The
licensing body will decide - ANSWER-only commission determines if Crystal is
suitable for a license

Business entities such as LLCs, corporations, and partnerships - ANSWER-Must
have 51% or more Of the individuals who owns or control the business entity as
license to brokers

Non-residential applicants for a real estate license must - ANSWER-File irrevocable
consent to suit

House bargain Realty LLC does not maintain a definite place of business or display
a license or sign indicating the licensee is a broker. This - ANSWER-Is allowed
under the Connecticut statutes

A broker Candidate must - ANSWER-Have been licensed two years and pass the
exam with a grade of 75

Sales persons and brokers are required to take ____ hours of continuing education
every____ Years. - ANSWER-12, two

Change of broker affiliation requires all of the following - ANSWER-25$ transfer fee,
return all records to designated broker, broker give accounting within 10 days to
salesperson

In their conduct as a licensee a broker and sales person must disclose all of the
following except - ANSWER-Confidential information after expired agency
agreement

Which of the following should a licensee do when advertising another brokers listing
- ANSWER-Update property every 72 hours

, Robert, a licensed real estate sales person, does advertising on the Internet. The
advertisement must include all of the following - ANSWER-Licensee name and office
address on every page of the website, name of broker the licensee is affiliated with,
list of all states where he is licensed

When Charles, a licensed real estate sales person advertises on the Internet he
must - ANSWER-Include the name of his broker on the site

Amber is concerned about disclosing off site conditions. She can best protect her
self and her agency by - ANSWER-Providing a written notice from the seller to the
purchaser of the availability of Connecticut Department of energy and environmental
protection list

A house is for sale. The sales person sent an email regarding the sale of the house.
On the email the sales person must - ANSWER-Include her name, the name of her
designated broker, and office address

Connecticut licensing laws states that - ANSWER-Without a prior agreement to the
listing agent is not obligated to market the property once an offer is excepted

A postal worker told the broker about several houses where the owners were elderly
and considering a move. The broker can pay the postal worker - ANSWER-Nothing
because he is unlicensed

Licensees receiving money from a client or customer must deposit the money in
escrow - ANSWER-Three banking 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 funds with court

Residential property condition disclosure notices must be given to a property buyer
by the seller in all residential transactions except - ANSWER-New constructed
residence

Farm, forest, and open space land is governed by 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 Percent of the sales
price

Connecticut requires certain elements in a deed to convey title. Requirements are -
ANSWER-free act, signed by two witnesses, written

How much is the fine for a seller if they failed to deliver a property condition
disclosure notice to a buyer? - ANSWER-500

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

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