UNIT 10 CONNECTICUT REAL ESTATE
COMPLETE ANSWERS
To change broker affiliation, a salesperson must
a. Register the change with the Commission.
b. Register the change with his or her new broker.
c. Apply for a new license.
d. Apply for a broker's license. - ANSWER-Register the change with the
Commission.
Kathleen accompanies a young couple during an open house on a property listed
with her agency. The couple is so impressed with the house and Kathleen's
response to their questions that they decide to make an offer. Before the offer is
presented to the principal, they ask Kathleen's personal opinion as to whether they
should require that the seller give them a warranty deed or a quitclaim deed at the
closing. Kathleen should
a. Make a decision and support it with facts.
b. Refer the couple to an attorney for legal advice.
c. Assure the couple that either is acceptable.
d. Admit she doesn't know. - ANSWER-Refer the couple to an attorney for legal
advice.
If a broker tells a lender that the sales price on a property is somewhat above its
actual sales price, the
a. Broker has done nothing wrong as long as the appraisal substantiates this price.
b. Buyer is likely to receive an interest rate break.
c. Broker can lose his or her license and be fined and imprisoned.
d. Buyer can receive a higher mortgage amount. - ANSWER-Broker can lose his or
her license and be fined and imprisoned.
The Commission has the power to revoke a salesperson's license if the salesperson
a. Attempts to represent a real estate broker other than his employer, after obtaining
the employer's consent.
b. Attempts to represent a buyer.
c. Enters into an exclusive listing contract.
d. Deposits a buyer's down payment into his own bank account. - ANSWER-
Deposits a buyer's down payment into his own bank account.
A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's basement periodically floods, but the seller has instructed the
licensee not to disclose this fact to potential purchasers. In this case, the licensee
a. Must disclose the flooding because it is a material fact.
b. Is not required to disclose the flooding because it is not a material fact.
c. Must disclose the flooding because the licensee owes fiduciary duties to the
potential buyers.
d. Cannot disclose the flooding because the licensee owes fiduciary duties to the
seller. - ANSWER-Must disclose the flooding because it is a material fact.
, A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's husband had been murdered in the house, but the seller has
instructed the licensee not to disclose this fact because she is fearful that people
may not want to buy a house where someone recently was killed. In this case the
licensee
a. Must disclose the murder because it is material fact.
b. Is not required to disclose the murder because it is not material fact.
c. Must disclose the murder because the licensee owes fiduciary duties to the
potential buyers.
d. Cannot disclose the murder because the licensee owes fiduciary duties to the
seller. - ANSWER-Is not required to disclose the murder because it is not material
fact.
A saleswoman regularly communicates with all of her clients and potential clients via
email. The licensing law requires that her email contain all of the following except
a. Her name and office address.
b. The name of the broker she is affiliated with.
c. Her license certificate number.
d. All the states where she is licensed. - ANSWER-Her license certificate number.
Ben Broker maintains a website that highlights all of the property listings that he has.
Ben knows that the licensing law requires that he include certain information on this
website, including the
a. Address of all properties listed.
b. Seller's contact information for all of the properties listed.
c. Last date when Ben showed any of the properties listed.
d. Last date when the website property information was updated. - ANSWER-Last
date when the website property information was updated.
Applicants who fail a license examination
a. Are notified of the results at the examination site.
b. Must wait 180 days before a retake.
c. Are scheduled for a review session with the Commission.
d. Must score 80% on a subsequent retake to pass. - ANSWER-Are notified of the
results at the examination site.
The initial salesperson's license fee is presently _____, and annual renewals are
______.
a. $285/$285
b. $565/$285
c. $285/$75
d. $565/$375 - ANSWER-$285/$285
After moving to Connecticut, Alan plans for a real estate salesperson's license. The
Commission discovers from his application that he was refused a license in his
former state because he was not yet 18 years old. Alan is now 18 and possesses all
the other qualifications. How long from the date of the earlier refusal must Alan wait
to be issued a Connecticut license?
a. One year
COMPLETE ANSWERS
To change broker affiliation, a salesperson must
a. Register the change with the Commission.
b. Register the change with his or her new broker.
c. Apply for a new license.
d. Apply for a broker's license. - ANSWER-Register the change with the
Commission.
Kathleen accompanies a young couple during an open house on a property listed
with her agency. The couple is so impressed with the house and Kathleen's
response to their questions that they decide to make an offer. Before the offer is
presented to the principal, they ask Kathleen's personal opinion as to whether they
should require that the seller give them a warranty deed or a quitclaim deed at the
closing. Kathleen should
a. Make a decision and support it with facts.
b. Refer the couple to an attorney for legal advice.
c. Assure the couple that either is acceptable.
d. Admit she doesn't know. - ANSWER-Refer the couple to an attorney for legal
advice.
If a broker tells a lender that the sales price on a property is somewhat above its
actual sales price, the
a. Broker has done nothing wrong as long as the appraisal substantiates this price.
b. Buyer is likely to receive an interest rate break.
c. Broker can lose his or her license and be fined and imprisoned.
d. Buyer can receive a higher mortgage amount. - ANSWER-Broker can lose his or
her license and be fined and imprisoned.
The Commission has the power to revoke a salesperson's license if the salesperson
a. Attempts to represent a real estate broker other than his employer, after obtaining
the employer's consent.
b. Attempts to represent a buyer.
c. Enters into an exclusive listing contract.
d. Deposits a buyer's down payment into his own bank account. - ANSWER-
Deposits a buyer's down payment into his own bank account.
A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's basement periodically floods, but the seller has instructed the
licensee not to disclose this fact to potential purchasers. In this case, the licensee
a. Must disclose the flooding because it is a material fact.
b. Is not required to disclose the flooding because it is not a material fact.
c. Must disclose the flooding because the licensee owes fiduciary duties to the
potential buyers.
d. Cannot disclose the flooding because the licensee owes fiduciary duties to the
seller. - ANSWER-Must disclose the flooding because it is a material fact.
, A licensee represents a seller in the sale of the seller's house. The licensee is aware
that the seller's husband had been murdered in the house, but the seller has
instructed the licensee not to disclose this fact because she is fearful that people
may not want to buy a house where someone recently was killed. In this case the
licensee
a. Must disclose the murder because it is material fact.
b. Is not required to disclose the murder because it is not material fact.
c. Must disclose the murder because the licensee owes fiduciary duties to the
potential buyers.
d. Cannot disclose the murder because the licensee owes fiduciary duties to the
seller. - ANSWER-Is not required to disclose the murder because it is not material
fact.
A saleswoman regularly communicates with all of her clients and potential clients via
email. The licensing law requires that her email contain all of the following except
a. Her name and office address.
b. The name of the broker she is affiliated with.
c. Her license certificate number.
d. All the states where she is licensed. - ANSWER-Her license certificate number.
Ben Broker maintains a website that highlights all of the property listings that he has.
Ben knows that the licensing law requires that he include certain information on this
website, including the
a. Address of all properties listed.
b. Seller's contact information for all of the properties listed.
c. Last date when Ben showed any of the properties listed.
d. Last date when the website property information was updated. - ANSWER-Last
date when the website property information was updated.
Applicants who fail a license examination
a. Are notified of the results at the examination site.
b. Must wait 180 days before a retake.
c. Are scheduled for a review session with the Commission.
d. Must score 80% on a subsequent retake to pass. - ANSWER-Are notified of the
results at the examination site.
The initial salesperson's license fee is presently _____, and annual renewals are
______.
a. $285/$285
b. $565/$285
c. $285/$75
d. $565/$375 - ANSWER-$285/$285
After moving to Connecticut, Alan plans for a real estate salesperson's license. The
Commission discovers from his application that he was refused a license in his
former state because he was not yet 18 years old. Alan is now 18 and possesses all
the other qualifications. How long from the date of the earlier refusal must Alan wait
to be issued a Connecticut license?
a. One year
