QUESTIONS WITH CORRECT
ANSWERS
C. Courts can never provide equitable relief. - ANSWER-And involuntary partition
action, the following statements are true EXCEPT
A. There is a physical division of the co-owned real estate.
B. Committees are appointed by the courts.
C. Courts can never provide equitable relief.
D. Partitions cannot always be fair and equitable.
B. PUDS, condominiums, cooperatives - ANSWER-The common interest ownership
act regulates common interest properties. Which best describes the properties
governed by this act?
A. REIT's, condominiums, cooperatives.
B. PUDS, condominiums, cooperatives.
C. Condominiums, cooperatives, REITS, PUDS.
D. Assisted living, condominiums, cooperatives.
C. 5 business days - ANSWER-Resale documents must be furnished to the buyer or
his or her attorney before the closing or transfer of possession. The buyers right to
cancel a purchase contract is how many days after the resale documents have been
hand-delivered?
A. 10 business days
B. 15 business days
C. 5 business days
D. 14 business days
D. 10 days, $125 plus 5 cents per page - ANSWER-When a unit owner request a
resale certificate from the association in writing, it must be provided within how many
business days, and what can the association charge for the resale certificate?
A. 7 days, $100
B. 7 days, $125 plus 5 cents per page
C. 10 days, $75
D. 10 days, $125 plus 5 cents per page
C. Association. - ANSWER-Sellers can obtain condominium resale disclosure
documents from there
A. Secretary of states office.
B. Property manager.
C. Association.
D. Connecticut real estate commission.
,C. Petition the Superior Court for equitable relief. - ANSWER-In cases of involuntary
partition, the owners are advised to
A. Attempt to resolve the matter since nothing can be done.
B. Sell his or her share to someone.
C. Petition the Superior Court for equitable relief.
D. Partition the Superior Court for substantive relief.
A.Metes-and-bounds method. - ANSWER-Legal description of property in
Connecticut predominantly follow the
A.Metes-and-bounds method.
B. Street address.
C. Government survey system.
D. Rectangular survey.
A. Be licensed by the Department of consumer protection, division of land surveyors
and professional engineers - ANSWER-The Connecticut Department of consumer
protection requires that land surveyor's
A. Be licensed by the Department of consumer protection, division of land surveyors
and professional engineers
B. Have a brokers license
C. Been licensed and the Department of consumer protection division of surveyors
D. Do not have to be licensed but must have worked under another surveyors
license for 5 years
C. The Superior Court, a committee, and a possibly land surveyor. - ANSWER-
Questions about boundaries in Connecticut are resolved by
A.The superior court.
B. The superior court with an appointment of a committee.
C. The Superior Court, a committee, and a possibly land surveyor.
D. A committee.
D. A list of the unit owners, their payment history, and telephone numbers -
ANSWER-Connecticut common interest ownership act dictates that the legally
sufficient description of a common interest ownership unit must contain all of the
following EXCEPT
A. The recording date of the original declaration
B. The name of the common interest community
C. The identifying number of the unit
D. A list of the unit owners, their payment history, and telephone numbers
C.Local municipalities. - ANSWER-Real property taxes are ad valorem (based on
value) taxes levied by
A.The federal government
, B.The state.
C.Local municipalities.
D.The assessor.
D.Market value. - ANSWER-The state that requires value placed on a ll properties be
based on their
A.Assessed value.
B.Intrinsic value.
C.Ad valorem value.
D.Market value.
C. 5;10 - ANSWER-Connecticut state law requires towns to revalue properties every
___ years by physical observation or statistical analysis. Physical inspection is
required every ___ years.
A.10;5
B. 5;12
C. 5;10
D.7;10
A.$12,250 - ANSWER-Monica owns a property with an appraised value of $700,000.
The tax rate is 25 mills (or $25 per $1,000 of assessed value. Compute her taxes.
A.$12,250
B.$17,500
C.$14,500
D.Need more information
C.From the date of assessment - ANSWER-Taxes are a lien on the property
A.From the date of revaluation
B.Generally from October 1
C.From the date of assessment
D.Once federal taxes are unpaid for six months
D.15 - ANSWER-Connecticut statues generally hold tax liens to a ______ year
maximum. To be valid, tax liens must be recorded by the agency levying the tax
within two years from the due date
A.2
B.4
C.10
D.15
C. April 18, 2003 (Lien 3) - ANSWER-Liens have been recorded in Waterberry for a
property located on woodchuck Road. These liens are in addition to tax in municipal
liens. They were recorded in the town clerks office in this order: February 11,
2000(Lien 1), March 23, 2004 (Lien 2), April 18, 2003 (Lien 3), and May 22, 2005
(Lien 4). All liens were executed on the dates noted; however, lien three was