CT Real Estate Practice & Law UPDATED
ACTUAL Exam Questions and CORRECT
Answers
Ct recognizes these listing agreements - CORRECT ANSWER - Exclusive right to sell,
exclusive agency, open listing
Time required for acquisition of prescription easements is - CORRECT ANSWER - 15
years
Under CT law, real estate brokers are required to retain certain brokerage records such as offers,
counteroffers drafted in brokers office, contracts, leases, agency Agreements and disclosures,
escrow and trust account checks and Bank statements. These records must be kept - CORRECT
ANSWER - 7 years
An easement by prescription may be extinguished if the owner takes, obtains, or regains an open
and continuous control and possession of the property for - CORRECT ANSWER - 15
years
The Connecticut Department of consumer protection requires that land surveyors - CORRECT
ANSWER - Be licensed by the Department of consumer protection, division of land
surveyors and professional engineers
Resale documents must be furnished to the buyer or his or her attorney before the closing or
transfer of possession. The buyers right to cancel the purchase contract is how many days after
the resale documents have been hand-delivered? - CORRECT ANSWER - 5 business days,
7 for certified mail
The common interest ownership act regulates common interest properties. Which best describes
the properties governed by this act? - CORRECT ANSWER - PUD (planned unit
developments) condominiums and cooperatives
,A couple were married on July 4, 2007. Both individually owned a condominium prior to their
marriage in their own name. They decided to keep the condominium unit separate. Once they are
married in Connecticut, their former properties will will - CORRECT ANSWER - Remain
separate interests
Questions about boundaries in Connecticut are resolved by - CORRECT ANSWER - The
superior Court, a committee, and possibly a land surveyor
Legal descriptions of property in Connecticut predominantly follow the - CORRECT
ANSWER - Metes-and-bounds method
In cases of involuntary partition the owners are advised to - CORRECT ANSWER -
Petition the Superior Court for equitable relief
Sellers can obtain condominium resale disclosure documents from - CORRECT
ANSWER - Association
If there is a physical division of co-owned real estate, committees are appointed by the courts,
partitions cannot always be fair and equitable - CORRECT ANSWER - Involuntary
partition action
When a unit owner request a resale certificate from the association in writing, it must be
provided within how many business days, and what kind association charge for the resale
certificate? - CORRECT ANSWER - 10 days $125 plus 5 cents per page
Connecticut license laws provide that licensed brokers may not accept a listing that is based on a
- CORRECT ANSWER - Net price
Under Connecticut licensing laws, brokers and agents have to disclose a present or contemplated
interest in a property listed with them if they are - CORRECT ANSWER - Contemplating
purchasing the property
, Sharon buyer called agent Michael to view his listing on Monroe Street. Sharon does not have an
agent. Michael provides a written agency disclosure notice to Sharon stating that he represents
the seller. - CORRECT ANSWER - Agency agreement not required
A buyer finds and purchases a for sale by owner home. A broker states entitlement to a brokerage
fee. For this to be the case, the buyer would have entered into which type of buyer broker
agreement with the broker? - CORRECT ANSWER - Exclusive agency right to represent
the buyer
Give buyer info on licensees firm, provide buyer info on mortgage rates and lending institutions,
show buyer in house listings - CORRECT ANSWER - Without a written buyer agency
agreement
The Connecticut common interest ownership act dictates that legally sufficient description of a
common interest ownership unit must contain all of the following - CORRECT
ANSWER - Recording date, name of community, unit number
Real property taxes are ad valorem (based on value) Taxes levied by - CORRECT
ANSWER - Local municipalities
Connecticut requires the values placed on all properties be based on their - CORRECT
ANSWER - Market value
Connecticut law requires towns to revalue properties every___ Years by physical observation or
statistical analysis. Physical inspection is required every___ years - CORRECT
ANSWER - 5, 10
Taxes are a lien on the property - CORRECT ANSWER - From the date of assessment
Connecticut statutes Generally hold tax liens to a ___ year maximum. To be valid, tax liens must
be recorded by the agency levying the tax within two years from the due date. - CORRECT
ANSWER - 15
ACTUAL Exam Questions and CORRECT
Answers
Ct recognizes these listing agreements - CORRECT ANSWER - Exclusive right to sell,
exclusive agency, open listing
Time required for acquisition of prescription easements is - CORRECT ANSWER - 15
years
Under CT law, real estate brokers are required to retain certain brokerage records such as offers,
counteroffers drafted in brokers office, contracts, leases, agency Agreements and disclosures,
escrow and trust account checks and Bank statements. These records must be kept - CORRECT
ANSWER - 7 years
An easement by prescription may be extinguished if the owner takes, obtains, or regains an open
and continuous control and possession of the property for - CORRECT ANSWER - 15
years
The Connecticut Department of consumer protection requires that land surveyors - CORRECT
ANSWER - Be licensed by the Department of consumer protection, division of land
surveyors and professional engineers
Resale documents must be furnished to the buyer or his or her attorney before the closing or
transfer of possession. The buyers right to cancel the purchase contract is how many days after
the resale documents have been hand-delivered? - CORRECT ANSWER - 5 business days,
7 for certified mail
The common interest ownership act regulates common interest properties. Which best describes
the properties governed by this act? - CORRECT ANSWER - PUD (planned unit
developments) condominiums and cooperatives
,A couple were married on July 4, 2007. Both individually owned a condominium prior to their
marriage in their own name. They decided to keep the condominium unit separate. Once they are
married in Connecticut, their former properties will will - CORRECT ANSWER - Remain
separate interests
Questions about boundaries in Connecticut are resolved by - CORRECT ANSWER - The
superior Court, a committee, and possibly a land surveyor
Legal descriptions of property in Connecticut predominantly follow the - CORRECT
ANSWER - Metes-and-bounds method
In cases of involuntary partition the owners are advised to - CORRECT ANSWER -
Petition the Superior Court for equitable relief
Sellers can obtain condominium resale disclosure documents from - CORRECT
ANSWER - Association
If there is a physical division of co-owned real estate, committees are appointed by the courts,
partitions cannot always be fair and equitable - CORRECT ANSWER - Involuntary
partition action
When a unit owner request a resale certificate from the association in writing, it must be
provided within how many business days, and what kind association charge for the resale
certificate? - CORRECT ANSWER - 10 days $125 plus 5 cents per page
Connecticut license laws provide that licensed brokers may not accept a listing that is based on a
- CORRECT ANSWER - Net price
Under Connecticut licensing laws, brokers and agents have to disclose a present or contemplated
interest in a property listed with them if they are - CORRECT ANSWER - Contemplating
purchasing the property
, Sharon buyer called agent Michael to view his listing on Monroe Street. Sharon does not have an
agent. Michael provides a written agency disclosure notice to Sharon stating that he represents
the seller. - CORRECT ANSWER - Agency agreement not required
A buyer finds and purchases a for sale by owner home. A broker states entitlement to a brokerage
fee. For this to be the case, the buyer would have entered into which type of buyer broker
agreement with the broker? - CORRECT ANSWER - Exclusive agency right to represent
the buyer
Give buyer info on licensees firm, provide buyer info on mortgage rates and lending institutions,
show buyer in house listings - CORRECT ANSWER - Without a written buyer agency
agreement
The Connecticut common interest ownership act dictates that legally sufficient description of a
common interest ownership unit must contain all of the following - CORRECT
ANSWER - Recording date, name of community, unit number
Real property taxes are ad valorem (based on value) Taxes levied by - CORRECT
ANSWER - Local municipalities
Connecticut requires the values placed on all properties be based on their - CORRECT
ANSWER - Market value
Connecticut law requires towns to revalue properties every___ Years by physical observation or
statistical analysis. Physical inspection is required every___ years - CORRECT
ANSWER - 5, 10
Taxes are a lien on the property - CORRECT ANSWER - From the date of assessment
Connecticut statutes Generally hold tax liens to a ___ year maximum. To be valid, tax liens must
be recorded by the agency levying the tax within two years from the due date. - CORRECT
ANSWER - 15
