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REAL ESTATE MANAGEMENT CT REAL ESTATE
PRACTICE EXAM GENERAL QUESTIONS AND ALL
CORRECT ANSWERS 2026 VERSION
SECTION 1: CONNECTICUT LICENSE LAW & THE REAL ESTATE
COMMISSION
1. The Connecticut Real Estate Commission is responsible for all of
the following EXCEPT:
A) Issuing licenses.
B) Arbitrating disputes between brokers and salespersons.
C) Setting commission rates for real estate transactions.
D) Investigating complaints against licensees.
Answer: C) Setting commission rates for real estate
transactions. The Commission's main responsibilities include issuing
licenses, arbitrating disputes, and investigating complaints, but they
do not set market commission rates.
2. How many members serve on the Connecticut Real Estate
Commission?
A) 5
B) 7
C) 8
D) 10
Answer: C) 8 The Commission is composed of 8 members: five from
the real estate business (3 brokers and 2 licensed salespersons) and
three members of the public.
3. What is the primary purpose of the Connecticut Real Estate
Guarantee Fund?
, 2
A) To fund the Connecticut Real Estate Commission.
B) To reimburse victims of fraud or misrepresentation by a licensee.
C) To provide low-interest loans to new real estate agents.
D) To pay for continuing education courses.
Answer: B) To reimburse victims of fraud or misrepresentation by a
licensee. The Guarantee Fund protects the public by providing
financial compensation to those who have lost money due to the
dishonest or fraudulent acts of a licensed real estate professional.
4. What is the initial fee paid into the Real Estate Guarantee Fund
when a new license is issued?
A) $3
B) $20
C) $25
D) $50
*Answer: C) $25** *New license applicants pay a one-time fee of $25
to fund the Guarantee Fund. The renewal fee includes a $3
contribution.
5. What is the maximum payout a person can receive from the Real
Estate Guarantee Fund per transaction?
A) $10,000
B) $25,000
C) $50,000
D) $100,000
*Answer: B) $25,000** *The Guarantee Fund has a maximum payout
of $25,000 for a single transaction, and claims must be filed within
two years.
6. All licensees in Connecticut must complete continuing education
for license renewal. Which of the following is true?
A) Brokers are exempt from CE requirements.
REAL ESTATE MANAGEMENT CT REAL ESTATE
PRACTICE EXAM GENERAL QUESTIONS AND ALL
CORRECT ANSWERS 2026 VERSION
SECTION 1: CONNECTICUT LICENSE LAW & THE REAL ESTATE
COMMISSION
1. The Connecticut Real Estate Commission is responsible for all of
the following EXCEPT:
A) Issuing licenses.
B) Arbitrating disputes between brokers and salespersons.
C) Setting commission rates for real estate transactions.
D) Investigating complaints against licensees.
Answer: C) Setting commission rates for real estate
transactions. The Commission's main responsibilities include issuing
licenses, arbitrating disputes, and investigating complaints, but they
do not set market commission rates.
2. How many members serve on the Connecticut Real Estate
Commission?
A) 5
B) 7
C) 8
D) 10
Answer: C) 8 The Commission is composed of 8 members: five from
the real estate business (3 brokers and 2 licensed salespersons) and
three members of the public.
3. What is the primary purpose of the Connecticut Real Estate
Guarantee Fund?
, 2
A) To fund the Connecticut Real Estate Commission.
B) To reimburse victims of fraud or misrepresentation by a licensee.
C) To provide low-interest loans to new real estate agents.
D) To pay for continuing education courses.
Answer: B) To reimburse victims of fraud or misrepresentation by a
licensee. The Guarantee Fund protects the public by providing
financial compensation to those who have lost money due to the
dishonest or fraudulent acts of a licensed real estate professional.
4. What is the initial fee paid into the Real Estate Guarantee Fund
when a new license is issued?
A) $3
B) $20
C) $25
D) $50
*Answer: C) $25** *New license applicants pay a one-time fee of $25
to fund the Guarantee Fund. The renewal fee includes a $3
contribution.
5. What is the maximum payout a person can receive from the Real
Estate Guarantee Fund per transaction?
A) $10,000
B) $25,000
C) $50,000
D) $100,000
*Answer: B) $25,000** *The Guarantee Fund has a maximum payout
of $25,000 for a single transaction, and claims must be filed within
two years.
6. All licensees in Connecticut must complete continuing education
for license renewal. Which of the following is true?
A) Brokers are exempt from CE requirements.
