REAL ESTATE BROKER TEST CT
QUESTIONS WITH COMPLETE
ANSWERS
A couple sold their east haven home to a buyer for $850,000. How much does the
couple owe in municipal and state conveyance taxes? - ANSWER-$8750
Connecticut land records are indexed through - ANSWER-grantor/grantee indexes
an accurate title search of title is MOST important to a - ANSWER-Grantee
Christines attorney has advised her to have a more complete examination of the land
records. She should request a - ANSWER-Abstract of title
Recording the documents affecting the title to real estate gives - ANSWER-
constructive notice
Regulations regarding Connecticut licensing ,was are enforced by the - ANSWER-
Real estate commission
Sarah works as an onsite property residential superintendent for house and home
realty. She is unlicensed, is a reg employee, is employed on-site as a custodian,
resides where she works, and engages in licensed activities - ANSWER-does not
need a license
Non-resident 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 Statues.
A broker candidate MUST - ANSWER-Have been licensed for 2 years and pass the
exam with a 75.
Change of broker affiliation requires all of the following EXCEPT
A. payment of $25 transfer fee
B. the salesperson to return all records and information to designated broker
C. the original designated broker give an accounting to the salesperson within 10
Days of the return of the information
D. the accounting include the amount of commission the broker is entitled to and
when those monies will be paid - ANSWER-the accounting include the amount of
commission the broker is entitled to and when those monies will be paid.
Which of the following can a licensee do when advertising? - ANSWER-Update
properties listed by another broker every 72 hours.
, Connecticut licensing law state that - ANSWER-without a prior agreement the listing
agent is not obligated to market a property once an offer is accepted
The interest from real estate escrow/ trust accounts is paid to the - ANSWER-
Connecticut housing and finance authority
First and second mortgage lenders and brokers must hold an appropriate license
from - ANSWER-the ct department of banking
Which license MUST a real property securities dealer hold in CT? - ANSWER-
Brokers license
A lender practices illegal, unfair, and abusive lending practices inducing buyers to
purchase more than they can afford. The lender is guilty of - ANSWER-predatory
lending
A mortgagor, whose property is being foreclosed, can redeem the property by -
ANSWER-law day or bidding successfully at an auction
Connecticut savings bank has foreclosed on a property located at 2306 North Airline
road, east. haven. Connecticut savings needs to record - ANSWER-a foreclosure
certificate in the town hall
Chfa loans offers loans providing - ANSWER-below-market interest rates
Refusing to lend in specific areas based on protected classifications is defined as -
ANSWER-redlining
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-all the other salespersons that work for Buona vista are dual
agents but not Angela and bao
Sharon Buyer called Agent Michael to view his listing on Monroe Street. Sharon
does not have an agent. Michael provides a written Agency Disclosure Notice to
Sharon stating that he represents the seller. - ANSWER-Sharon is not required to
sign any agency agreement prior to viewing the property
A licensee can do all of the following without entering into a written buyer agency
agreement EXCEPT
A. give the buyer information on their firm
B. provide the buyer with mortgage rates and lending institution
C. physicaly show the buyer in-house listing
QUESTIONS WITH COMPLETE
ANSWERS
A couple sold their east haven home to a buyer for $850,000. How much does the
couple owe in municipal and state conveyance taxes? - ANSWER-$8750
Connecticut land records are indexed through - ANSWER-grantor/grantee indexes
an accurate title search of title is MOST important to a - ANSWER-Grantee
Christines attorney has advised her to have a more complete examination of the land
records. She should request a - ANSWER-Abstract of title
Recording the documents affecting the title to real estate gives - ANSWER-
constructive notice
Regulations regarding Connecticut licensing ,was are enforced by the - ANSWER-
Real estate commission
Sarah works as an onsite property residential superintendent for house and home
realty. She is unlicensed, is a reg employee, is employed on-site as a custodian,
resides where she works, and engages in licensed activities - ANSWER-does not
need a license
Non-resident 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 Statues.
A broker candidate MUST - ANSWER-Have been licensed for 2 years and pass the
exam with a 75.
Change of broker affiliation requires all of the following EXCEPT
A. payment of $25 transfer fee
B. the salesperson to return all records and information to designated broker
C. the original designated broker give an accounting to the salesperson within 10
Days of the return of the information
D. the accounting include the amount of commission the broker is entitled to and
when those monies will be paid - ANSWER-the accounting include the amount of
commission the broker is entitled to and when those monies will be paid.
Which of the following can a licensee do when advertising? - ANSWER-Update
properties listed by another broker every 72 hours.
, Connecticut licensing law state that - ANSWER-without a prior agreement the listing
agent is not obligated to market a property once an offer is accepted
The interest from real estate escrow/ trust accounts is paid to the - ANSWER-
Connecticut housing and finance authority
First and second mortgage lenders and brokers must hold an appropriate license
from - ANSWER-the ct department of banking
Which license MUST a real property securities dealer hold in CT? - ANSWER-
Brokers license
A lender practices illegal, unfair, and abusive lending practices inducing buyers to
purchase more than they can afford. The lender is guilty of - ANSWER-predatory
lending
A mortgagor, whose property is being foreclosed, can redeem the property by -
ANSWER-law day or bidding successfully at an auction
Connecticut savings bank has foreclosed on a property located at 2306 North Airline
road, east. haven. Connecticut savings needs to record - ANSWER-a foreclosure
certificate in the town hall
Chfa loans offers loans providing - ANSWER-below-market interest rates
Refusing to lend in specific areas based on protected classifications is defined as -
ANSWER-redlining
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-all the other salespersons that work for Buona vista are dual
agents but not Angela and bao
Sharon Buyer called Agent Michael to view his listing on Monroe Street. Sharon
does not have an agent. Michael provides a written Agency Disclosure Notice to
Sharon stating that he represents the seller. - ANSWER-Sharon is not required to
sign any agency agreement prior to viewing the property
A licensee can do all of the following without entering into a written buyer agency
agreement EXCEPT
A. give the buyer information on their firm
B. provide the buyer with mortgage rates and lending institution
C. physicaly show the buyer in-house listing
