CT UNIT 1 REAL ESTATE BROKERAGE
AND AGENCY QUESTIONS AND
ANSWERS
Buona Vista Realty has entered into agency agreements with both the seller and the
buyer. Angela, a salesperson with Buona Vista, has been designated to represent
the seller, and Bao, another salesperson, has been designated to represent the
buyer. In this situation
a. Angela and Bao are dual agents
b. .all the other salespersons that work for Buona Vista are dual agents, but not
Angela and Bao.
c. Buona Vista Realty has violated the licensing laws.
d. Angela and Bao may reveal confidential information about their clients to each
other. - ANSWER-b
An unlicensed personal assistant working for a real estate licensee is allowed to
a. host an open house.
b. answer the phone and discuss questions about the licensee's listings.
c. write and prepare promotional material.
d. show property listed with the licensee. - ANSWER-c
A real estate broker has been working with buyers. After the broker helps them
negotiate for their home, the buyers ask whether the broker can help them obtain a
mortgage. A bank offers to pay the broker a fee for referring purchasers. This is
a. not allowed.
b. allowed if the seller and the broker have entered into a written buyer agency
agreement.
c. allowed if the broker discloses the referral fee to the buyers.
d. allowed if the bank offers the best interest rates and terms available in the market.
- ANSWER-a
To secure payment of compensation for her services, a broker may place a lien on
a. a condominium unit
b. .a four-family apartment building.
c. an office building.
d. all of these. - ANSWER-d
A real estate broker's license allows a broker to do all of the following EXCEPT
a. sell real estate.
b. resell a mobile home.
c. collect rent on behalf of a landlord.
d. appraise real estate - ANSWER-d
Under Connecticut licensing law, a limited liability company (LLC) will be granted a
broker's license only if
a. the LLC is owned exclusively by licensed brokers.
AND AGENCY QUESTIONS AND
ANSWERS
Buona Vista Realty has entered into agency agreements with both the seller and the
buyer. Angela, a salesperson with Buona Vista, has been designated to represent
the seller, and Bao, another salesperson, has been designated to represent the
buyer. In this situation
a. Angela and Bao are dual agents
b. .all the other salespersons that work for Buona Vista are dual agents, but not
Angela and Bao.
c. Buona Vista Realty has violated the licensing laws.
d. Angela and Bao may reveal confidential information about their clients to each
other. - ANSWER-b
An unlicensed personal assistant working for a real estate licensee is allowed to
a. host an open house.
b. answer the phone and discuss questions about the licensee's listings.
c. write and prepare promotional material.
d. show property listed with the licensee. - ANSWER-c
A real estate broker has been working with buyers. After the broker helps them
negotiate for their home, the buyers ask whether the broker can help them obtain a
mortgage. A bank offers to pay the broker a fee for referring purchasers. This is
a. not allowed.
b. allowed if the seller and the broker have entered into a written buyer agency
agreement.
c. allowed if the broker discloses the referral fee to the buyers.
d. allowed if the bank offers the best interest rates and terms available in the market.
- ANSWER-a
To secure payment of compensation for her services, a broker may place a lien on
a. a condominium unit
b. .a four-family apartment building.
c. an office building.
d. all of these. - ANSWER-d
A real estate broker's license allows a broker to do all of the following EXCEPT
a. sell real estate.
b. resell a mobile home.
c. collect rent on behalf of a landlord.
d. appraise real estate - ANSWER-d
Under Connecticut licensing law, a limited liability company (LLC) will be granted a
broker's license only if
a. the LLC is owned exclusively by licensed brokers.
