CT UNIT 1 REAL ESTATE BROKERAGE
AND AGENCY QUESTIONS AND
ANSWERS
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.
b. all active owners of the LLC have either a broker or salesperson license, and a
majority of the entity is owned by brokers.
c. the LLC passes a state exam.
d. Connecticut law is changed; currently a legal entity cannot be licensed as a
broker. - ANSWER-b
A broker entered into a listing agreement with the seller. Through the multiple listing
service, a broker from a different office had been working with the buyer, who is
interested in making an offer on the seller's property. Typically, in this kind of
transaction, the broker working with the buyer would enter into a written
representation contract with
a. the seller as a subagent.
b. the buyer as an agent.
c. the buyer as a subagent.
d. neither the buyer nor the seller. - ANSWER-b
In the previous question, if the broker wished to represent the buyer, Connecticut
licensing law requires that the broker enter into
a. an oral agency agreement.
b. a co-brokerage agreement.
c. a dual agency agreement.
d. a written agency agreement - ANSWER-d
When a broker represents the seller of real estate, an agency disclosure must be
given to
a. any potential unrepresented purchaser, at the beginning of the first personal
meeting with the purchaser.
b. all potential purchasers, at the beginning of the first personal meeting with the
purchaser.
c. the purchaser, before the purchase and sale contract is signed.
d. the seller, at the time the listing agreement is signed. - ANSWER-a
AND AGENCY QUESTIONS AND
ANSWERS
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.
b. all active owners of the LLC have either a broker or salesperson license, and a
majority of the entity is owned by brokers.
c. the LLC passes a state exam.
d. Connecticut law is changed; currently a legal entity cannot be licensed as a
broker. - ANSWER-b
A broker entered into a listing agreement with the seller. Through the multiple listing
service, a broker from a different office had been working with the buyer, who is
interested in making an offer on the seller's property. Typically, in this kind of
transaction, the broker working with the buyer would enter into a written
representation contract with
a. the seller as a subagent.
b. the buyer as an agent.
c. the buyer as a subagent.
d. neither the buyer nor the seller. - ANSWER-b
In the previous question, if the broker wished to represent the buyer, Connecticut
licensing law requires that the broker enter into
a. an oral agency agreement.
b. a co-brokerage agreement.
c. a dual agency agreement.
d. a written agency agreement - ANSWER-d
When a broker represents the seller of real estate, an agency disclosure must be
given to
a. any potential unrepresented purchaser, at the beginning of the first personal
meeting with the purchaser.
b. all potential purchasers, at the beginning of the first personal meeting with the
purchaser.
c. the purchaser, before the purchase and sale contract is signed.
d. the seller, at the time the listing agreement is signed. - ANSWER-a
