CT Real Estate ACTUAL UPDATED Exam
Questions and CORRECT Answers
A person engaging in real estate activities for another and for a fee must hold a valid
a. agent's license.
b. broker's license.
c. salesperson's license.
d. broker's or salesperson's license. - CORRECT ANSWER - b. broker's license.
A licensed real estate salesperson must be
a. affiliated with a licensed real estate broker.
b. an employee of a licensed real estate broker.
c. an independent contractor.
d. willing to enter into agency relationships with clients. - CORRECT ANSWER - a.
affiliated with a licensed real estate broker.
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. - CORRECT ANSWER - d. appraise real estate.
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 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. -
CORRECT ANSWER - b. all owners of the LLC have either a broker or salesperson
license, and a majority of the entity is owned by brokers.
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. - CORRECT ANSWER - b. the buyer as an agent.
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. - CORRECT ANSWER - d. a written agency agreement.
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. - CORRECT ANSWER - a. any
potential unrepresented purchaser, at the beginning of the first personal meeting with the
purchaser.
A realty company has entered into agency agreements with both the seller and the buyer. The
buyer is interested in making an offer on the seller's property. Can this occur?
a. No, because the realty would then be a dual agent.
b. Yes, as long as written agency agreements have been entered into with both parties.
c. Yes, if both the buyer and the seller give their consent to dual agency.
d. Yes, but only if the realty company designated separate agents to represent each party. -
CORRECT ANSWER - c. Yes, if both the buyer and the seller give their consent to dual
agency.
A realty company has entered into agency agreements with both the seller and the buyer. The
seller and the buyer agreed to dual agency but not designated agency. A salesperson with the
same realty has been working with the buyer. Legally, the salesperson is not allowed to do any of
the following EXCEPT
a. provide comparable market data to the seller after the buyer requests and receives such data
from the REALTOR®.
b. disclose the buyer's financial qualifications to the seller.
c. disclose to the buyer that the seller will accept less than the listing price.
d. disclose to the seller that the buyer will pay more than the offering price. - CORRECT
ANSWER - a. provide comparable market data to the seller after the buyer requests and
receives such data from the REALTOR®.
Sal's listing agreement with the seller has terminated. The seller now enters into a listing
agreement with another brokerage firm. When Sal finds a buyer interested in the seller's
property, Sal cannot
a. become a dual agent.
Questions and CORRECT Answers
A person engaging in real estate activities for another and for a fee must hold a valid
a. agent's license.
b. broker's license.
c. salesperson's license.
d. broker's or salesperson's license. - CORRECT ANSWER - b. broker's license.
A licensed real estate salesperson must be
a. affiliated with a licensed real estate broker.
b. an employee of a licensed real estate broker.
c. an independent contractor.
d. willing to enter into agency relationships with clients. - CORRECT ANSWER - a.
affiliated with a licensed real estate broker.
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. - CORRECT ANSWER - d. appraise real estate.
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 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. -
CORRECT ANSWER - b. all owners of the LLC have either a broker or salesperson
license, and a majority of the entity is owned by brokers.
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. - CORRECT ANSWER - b. the buyer as an agent.
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. - CORRECT ANSWER - d. a written agency agreement.
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. - CORRECT ANSWER - a. any
potential unrepresented purchaser, at the beginning of the first personal meeting with the
purchaser.
A realty company has entered into agency agreements with both the seller and the buyer. The
buyer is interested in making an offer on the seller's property. Can this occur?
a. No, because the realty would then be a dual agent.
b. Yes, as long as written agency agreements have been entered into with both parties.
c. Yes, if both the buyer and the seller give their consent to dual agency.
d. Yes, but only if the realty company designated separate agents to represent each party. -
CORRECT ANSWER - c. Yes, if both the buyer and the seller give their consent to dual
agency.
A realty company has entered into agency agreements with both the seller and the buyer. The
seller and the buyer agreed to dual agency but not designated agency. A salesperson with the
same realty has been working with the buyer. Legally, the salesperson is not allowed to do any of
the following EXCEPT
a. provide comparable market data to the seller after the buyer requests and receives such data
from the REALTOR®.
b. disclose the buyer's financial qualifications to the seller.
c. disclose to the buyer that the seller will accept less than the listing price.
d. disclose to the seller that the buyer will pay more than the offering price. - CORRECT
ANSWER - a. provide comparable market data to the seller after the buyer requests and
receives such data from the REALTOR®.
Sal's listing agreement with the seller has terminated. The seller now enters into a listing
agreement with another brokerage firm. When Sal finds a buyer interested in the seller's
property, Sal cannot
a. become a dual agent.
