CT REAL ESTATE LICENSING PRACTICE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GRADED A+

CT REAL ESTATE LICENSING PRACTICE
EXAM QUESTIONS AND 100% CORRECT
ANSWERS|LATEST 2025/2026|GRADED A+

A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale
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closed. The seller was not obligated to pay a commission to the broker. This listing was MOST li
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kely:



1. an exclusive agency listing.
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2. an exclusive right to sell listing.
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3. a net listing.
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4. an advance fee listing. - ANSWER
B B B B B B 1. an exclusive agency listing.
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A contract has been drawn which obliges the sellers to convey title to their land to the buyers i
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f the buyers come up with $22,000 on or before December 31st. This is called:
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1. a buy-sell agreement.
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2. an option contract.
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3. an installment contract.
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4. a vendor's lien interest. - ANSWER
B B B B B B 2. an option contract.
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A mentally disabled person who has been declared incompetent by a judge wishes to enter int
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o a contract. Under what conditions can such a person do so?
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1. The person must obtain prior written approval by a licensed psychiatrist or psychologist.
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2. The person must be capable of understanding the transaction.
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3. The person appointed by the court to act for the disabled person must contract on his or he
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r behalf.
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4. The person may enter a contract under any conditions, because the law prohibits discrimina
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tion against persons with disabilities. -
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1
Wicky

,BANSWER 3. The person appointed by the court to act for the disabled person must cont B B B B B B B B B B B B B B



ract on his or her behalf.
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In helping a buyer to select a lender, if the buyer believes he has good credit and his income is
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documentable as a salary and by tax returns, the licensee might recommend a mortgage bank
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er, instead of a mortgage broker, for all of the following reasons EXCEPT:
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1. closing costs may be lower.
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2. loan originator has knowledge of the underwriter's policies.
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3. more variety of loan programs available.
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4. originator and lender are part of same company. -
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B ANSWER 3. more variety of loan programs available.
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Without checking the facts, a broker who is the seller's agent tells a buyer that the property ta
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xes in a particular neighborhood are among the lowest in the area. The buyer relies on the bro
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ker's statement and makes an offer on a house in the neighborhood. Before closing, it is deter
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mined that the taxes are actually among the highest in the area. The buyer could seek to resci
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nd the contract on the basis of:
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1. puffing.
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2. misrepresentation.
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3. lack of care and diligence.
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4. nothing; property taxes are a matter of public record and it was the buyer's responsibility to
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check them. - ANSWER B B B 2. misrepresentation.
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An agency relationship between a property owner and a property manager is usually created
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by:



1. a management agreement.
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2. payment of a management fee.
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3. an exclusive agency agreement.
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2
Wicky

, 4. an independent contractor agreement. - ANSWER
B B B B B B 1. a management agreement
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Earnest money should be deposited into a trust account
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1. in a timely manner, according to state laws.
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2. upon removal of all contingencies.
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3. at the broker's discretion.
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4. according to MLS rules. - ANSWER
B B B B B B 1. in a timely manner, according to state laws.
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A lender will make an 80% loan-to-
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value loan on a property that is appraised for $72,250 and sells for $73,500. If the buyer has sa
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ved $14,450 for a down payment, how much more (if any) will he need in order to make the d
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own payment required under the terms of this loan?
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1. He has $1,000 more than he needs for the down payment.
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2. He has exactly the amount needed for the down payment.
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3. He needs an additional $250 in order to make the down payment.
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4. He needs an additional $1,250 in order to make the down payment. -
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B ANSWER 4. He needs an additional $1,250 in order to make the down payment.
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A judgment has been properly recorded. Any subsequent purchasers, whether they have actu
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ally examined the record or not, have been given
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1. actual notice.
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2. prescriptive notice.
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3. constructive notice.
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4. exculpatory notice. - ANSWER
B B B B 3. constructive notice.
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Even with title insurance, the policyholder may still suffer losses arising from
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3
Wicky