CT REAL ESTATE PRACTICE & LAW ALL EXAM QUESTIONS AND
SOLUTIONS GRADED A+ FOR GUARANTEED SUCCESS EXPERT
VERIFIED.
⩥ Business entities such as LLCs, corporations, and partnerships. Answer: Must have 51% or
more Of the individuals who owns or control the business entity as license to brokers
⩥ Non-residential 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 statutes
⩥ A broker Candidate must. Answer: Have been licensed two years and pass the exam with a
grade of 75
⩥ Sales persons and brokers are required to take ____ hours of continuing education every____
Years.. Answer: 12, two
⩥ Change of broker affiliation requires all of the following. Answer: 25$ transfer fee, return all
records to designated broker, broker give accounting within 10 days to salesperson
⩥ In their conduct as a licensee a broker and sales person must disclose all of the following
except. Answer: Confidential information after expired agency agreement
⩥ Which of the following should a licensee do when advertising another brokers listing. Answer:
Update property every 72 hours
⩥ Robert, a licensed real estate sales person, does advertising on the Internet. The
advertisement must include all of the following. Answer: Licensee name and office address on
every page of the website, name of broker the licensee is affiliated with, list of all states where
he is licensed
,⩥ When Charles, a licensed real estate sales person advertises on the Internet he must. Answer:
Include the name of his broker on the site
⩥ Amber is concerned about disclosing off site conditions. She can best protect her self and her
agency by. Answer: Providing a written notice from the seller to the purchaser of the availability
of Connecticut Department of energy and environmental protection list
⩥ A house is for sale. The sales person sent an email regarding the sale of the house. On the
email the sales person must. Answer: Include her name, the name of her designated broker, and
office address
⩥ Connecticut licensing laws states that. Answer: Without a prior agreement to the listing agent
is not obligated to market the property once an offer is excepted
⩥ A postal worker told the broker about several houses where the owners were elderly and
considering a move. The broker can pay the postal worker. Answer: Nothing because he is
unlicensed
⩥ A man meets a broker at a social gathering. The broker gave the man a card in the event the
men's list at home expires from the market. The broker also suggest how he might break the
agreement. Which is true for the broker in this situation?. Answer: The broker has broken the
licensing law
⩥ Escrow funds must be deposited within___ days or the broker will be fined up to____. Answer:
Three banking days, $1000
⩥ The interest from real estate escrow/trust account is paid to the. Answer: Connecticut
housing finance authority
⩥ A sales person is concerned that she might have her license suspended or revoked. Which is
the one item she should not worry about?. Answer: Depositing money into the escrow account
⩥ A sales person is headed to a hearing before the real estate commission to determine if her
license should be revoked or suspended. Which activities are violations of the licensing laws.
Answer: Commingling funds for 24 hours, not giving agency disclosures To the parties, not
disclosing that a relative was purchasing property Being sold
, ⩥ The maximum compensation that can be paid from the real estate guarantee fund is____ And
the fund cannot exceed _____.. Answer: $25,000, $500,000
⩥ First and second mortgage lenders and brokers must hold an appropriate license from.
Answer: The Connecticut Department of banking
⩥ Which license must a real property securities dealer hold in Connecticut. Answer: Brokers
license
⩥ Jake, a licensed real estate sales person, intends to have his clients come to him to obtain a
first mortgage. Jake must. Answer: Hold a first mortgage 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 the auction
⩥ Connecticut savings Bank has foreclosed on the property located at 2306 North Airline Rd.,
East Haven, Connecticut. Connecticut savings needs to record. Answer: A foreclosure certificate
in town hall
⩥ Chris and Jim owe more on their mortgage than the value of the property. There is a
deficiency after the strict foreclosure. Which is true in the situation. Answer: They will owe the
difference between the amount of the claim and the court appraisal
⩥ Joanne is eligible for a Connecticut housing finance authority (CHFA) loan. CHFA Offers loans
providing. Answer: Below market interest rates
⩥ Refusing to lend in specific areas based on protective classifications is defined as. Answer:
Redlining
⩥ security deposit. Answer: Interest rates float and are paid on residential units on the
anniversary of lease.
⩥ If the lessee intentionally Damages leased property, he or she has committed a crime and can
be prosecuted. If the damage exceeds $1500. Answer: It is a class D felony
SOLUTIONS GRADED A+ FOR GUARANTEED SUCCESS EXPERT
VERIFIED.
⩥ Business entities such as LLCs, corporations, and partnerships. Answer: Must have 51% or
more Of the individuals who owns or control the business entity as license to brokers
⩥ Non-residential applicants for a real estate license must. Answer: File irrevocable consent to
suit
⩥ House bargain Realty LLC does not maintain a definite place of business or display a license or
sign indicating the licensee is a broker. This. Answer: Is allowed under the Connecticut statutes
⩥ A broker Candidate must. Answer: Have been licensed two years and pass the exam with a
grade of 75
⩥ Sales persons and brokers are required to take ____ hours of continuing education every____
Years.. Answer: 12, two
⩥ Change of broker affiliation requires all of the following. Answer: 25$ transfer fee, return all
records to designated broker, broker give accounting within 10 days to salesperson
⩥ In their conduct as a licensee a broker and sales person must disclose all of the following
except. Answer: Confidential information after expired agency agreement
⩥ Which of the following should a licensee do when advertising another brokers listing. Answer:
Update property every 72 hours
⩥ Robert, a licensed real estate sales person, does advertising on the Internet. The
advertisement must include all of the following. Answer: Licensee name and office address on
every page of the website, name of broker the licensee is affiliated with, list of all states where
he is licensed
,⩥ When Charles, a licensed real estate sales person advertises on the Internet he must. Answer:
Include the name of his broker on the site
⩥ Amber is concerned about disclosing off site conditions. She can best protect her self and her
agency by. Answer: Providing a written notice from the seller to the purchaser of the availability
of Connecticut Department of energy and environmental protection list
⩥ A house is for sale. The sales person sent an email regarding the sale of the house. On the
email the sales person must. Answer: Include her name, the name of her designated broker, and
office address
⩥ Connecticut licensing laws states that. Answer: Without a prior agreement to the listing agent
is not obligated to market the property once an offer is excepted
⩥ A postal worker told the broker about several houses where the owners were elderly and
considering a move. The broker can pay the postal worker. Answer: Nothing because he is
unlicensed
⩥ A man meets a broker at a social gathering. The broker gave the man a card in the event the
men's list at home expires from the market. The broker also suggest how he might break the
agreement. Which is true for the broker in this situation?. Answer: The broker has broken the
licensing law
⩥ Escrow funds must be deposited within___ days or the broker will be fined up to____. Answer:
Three banking days, $1000
⩥ The interest from real estate escrow/trust account is paid to the. Answer: Connecticut
housing finance authority
⩥ A sales person is concerned that she might have her license suspended or revoked. Which is
the one item she should not worry about?. Answer: Depositing money into the escrow account
⩥ A sales person is headed to a hearing before the real estate commission to determine if her
license should be revoked or suspended. Which activities are violations of the licensing laws.
Answer: Commingling funds for 24 hours, not giving agency disclosures To the parties, not
disclosing that a relative was purchasing property Being sold
, ⩥ The maximum compensation that can be paid from the real estate guarantee fund is____ And
the fund cannot exceed _____.. Answer: $25,000, $500,000
⩥ First and second mortgage lenders and brokers must hold an appropriate license from.
Answer: The Connecticut Department of banking
⩥ Which license must a real property securities dealer hold in Connecticut. Answer: Brokers
license
⩥ Jake, a licensed real estate sales person, intends to have his clients come to him to obtain a
first mortgage. Jake must. Answer: Hold a first mortgage 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 the auction
⩥ Connecticut savings Bank has foreclosed on the property located at 2306 North Airline Rd.,
East Haven, Connecticut. Connecticut savings needs to record. Answer: A foreclosure certificate
in town hall
⩥ Chris and Jim owe more on their mortgage than the value of the property. There is a
deficiency after the strict foreclosure. Which is true in the situation. Answer: They will owe the
difference between the amount of the claim and the court appraisal
⩥ Joanne is eligible for a Connecticut housing finance authority (CHFA) loan. CHFA Offers loans
providing. Answer: Below market interest rates
⩥ Refusing to lend in specific areas based on protective classifications is defined as. Answer:
Redlining
⩥ security deposit. Answer: Interest rates float and are paid on residential units on the
anniversary of lease.
⩥ If the lessee intentionally Damages leased property, he or she has committed a crime and can
be prosecuted. If the damage exceeds $1500. Answer: It is a class D felony
