CONNECTICUT REAL ESTATE
PRACTICE AND LAW
Buyer is looking at the house that he really likes and he tells his sales
associate that he will build a large porch on the sunny side of the
house - ANSWERS-Agent should always check the town zoning
Buyer is buying a home in a neighborhood where railroad track will
be installed what effect will this leave - ANSWERS-Loss in value in
the area due to railroad tracks being installed economic obsolescence
Russian store advertisement Only in a Russian neighborhood -
ANSWERS-Yes it is discrimination under national origin
Establish mutual assent - ANSWERS-Meeting of the minds
Asbestos - ANSWERS-Airborne contaminants that may result in a
respiratory disease
A husband and wife are joint tenants and live on one side of the
duplex. The husband leaves his possessions behind for his son. What
will he get? - ANSWERS-Nothing joint tenants is the right of
survivorship
,Rescission is the practice of one party canceling or terminating a
contract - ANSWERS-Which has the effect of returning the original
positions before the contract was made
Is the diamond ring valid for escrow deposit - ANSWERS-Yes if both
parties agree consideration can be anything
Is the broker required to provide an independent contractor a phone or
desk - ANSWERS-No because when you're an independent contractor
you are considered self-employed
Who regulates Ginnie Mae and Freddie Mac - ANSWERS-HUD the
department of housing and urban development
What is the way of terminating a restrictive covenant - ANSWERS-A
suit for partition by majority of property owners in a subdivision
Describe a non-judicial foreclosure - ANSWERS-When there is a
power of sale the sale of a liened property without a foreclosure suit
A planted apple tree is - ANSWERS-Real property
Latent defect on sale sold as is - ANSWERS-Should be taken to court
An appraisal specified license required - ANSWERS-FHA loan
, A real estate branch office? - ANSWERS-Controlled by full-time
main broker
Mortgage is - ANSWERS-Voluntary specific lien
Condominium public place repairs; who is responsible - ANSWERS-
Condominium association
In the purchase atClosing time, who pays the transfer a tax? -
ANSWERS-Negotiable between the buyer and seller
Buyer Signed contract, gave to the seller, seller signed and put it in
the drawer - ANSWERS-Against the law
Real estate agent, which one must disclose - ANSWERS-Lead based
paint
Contract is not canceled - ANSWERS-Listing sales person dies
The person conveying an interest in a real property - ANSWERS-
Grantor
A federal rent subsidy program is known as - ANSWERS-Section 8
What is the abbreviation for bank owned property - ANSWERS-REO
real estate owned
PRACTICE AND LAW
Buyer is looking at the house that he really likes and he tells his sales
associate that he will build a large porch on the sunny side of the
house - ANSWERS-Agent should always check the town zoning
Buyer is buying a home in a neighborhood where railroad track will
be installed what effect will this leave - ANSWERS-Loss in value in
the area due to railroad tracks being installed economic obsolescence
Russian store advertisement Only in a Russian neighborhood -
ANSWERS-Yes it is discrimination under national origin
Establish mutual assent - ANSWERS-Meeting of the minds
Asbestos - ANSWERS-Airborne contaminants that may result in a
respiratory disease
A husband and wife are joint tenants and live on one side of the
duplex. The husband leaves his possessions behind for his son. What
will he get? - ANSWERS-Nothing joint tenants is the right of
survivorship
,Rescission is the practice of one party canceling or terminating a
contract - ANSWERS-Which has the effect of returning the original
positions before the contract was made
Is the diamond ring valid for escrow deposit - ANSWERS-Yes if both
parties agree consideration can be anything
Is the broker required to provide an independent contractor a phone or
desk - ANSWERS-No because when you're an independent contractor
you are considered self-employed
Who regulates Ginnie Mae and Freddie Mac - ANSWERS-HUD the
department of housing and urban development
What is the way of terminating a restrictive covenant - ANSWERS-A
suit for partition by majority of property owners in a subdivision
Describe a non-judicial foreclosure - ANSWERS-When there is a
power of sale the sale of a liened property without a foreclosure suit
A planted apple tree is - ANSWERS-Real property
Latent defect on sale sold as is - ANSWERS-Should be taken to court
An appraisal specified license required - ANSWERS-FHA loan
, A real estate branch office? - ANSWERS-Controlled by full-time
main broker
Mortgage is - ANSWERS-Voluntary specific lien
Condominium public place repairs; who is responsible - ANSWERS-
Condominium association
In the purchase atClosing time, who pays the transfer a tax? -
ANSWERS-Negotiable between the buyer and seller
Buyer Signed contract, gave to the seller, seller signed and put it in
the drawer - ANSWERS-Against the law
Real estate agent, which one must disclose - ANSWERS-Lead based
paint
Contract is not canceled - ANSWERS-Listing sales person dies
The person conveying an interest in a real property - ANSWERS-
Grantor
A federal rent subsidy program is known as - ANSWERS-Section 8
What is the abbreviation for bank owned property - ANSWERS-REO
real estate owned
