Estate License Law Exam Q&A 100%
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A person of entity engaging in the real estate business in CT must have - ✔✔CT
Real Estate License
2 Categories of License: - ✔✔Broker and Salesperson (Both are Licensees)
A salesperson - ✔✔must be affiliated with and can only work on behalf of a
broker
Connecticut Real Estate Commission - ✔✔Enforces CT licensing laws
Main responsibilites:
(1) Issue Licenses
(2) Arbitrate disputes between brokers and salespersons
(3) Investigate and prosecute complaints against licensees
(4) Formulate and enforce rues and regulations regarding licensing and conduct
of licensees
Structure of Real Estate Commission: - ✔✔(1) 8 Members -- Five of Real Estate
Business (3 Brokers and 2 Licensed Salespersons) 3 Member of the Public
(2) At least one member from each congressional district
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,(3) Not more than a bare majority from the same political party
Members of Commission:
(1) Must be electors in state
(2) Are appointed by the governor
(3) Take an oath to perform faithfully the prescribed duties
(4) May be removed from office for cause by the governor after being given an
opportunity to be heard
Commission Members select a chairperson: - ✔✔When voting on issues a
majority of members constitutes a quorum
Seats vacated through resignation, death, or removal are filled by appointees of
the governor
Commission members are not paid for their services but are reimbursed for
necessary expenses incurred in the performance of their duties
Real Estate Guaranty Fund - ✔✔$20 Fee assessed on new real estate licensees
to fund Real Estate Guaranty Fund
Continuing Education - ✔✔Classes required for license renewal
Broker - ✔✔A person who performs real estate activities for a real estate
customer
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COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT
, Salesperson - ✔✔Works on behalf of the broker, either as employee or
independent contractor
Person - ✔✔A person includes individuals, partnerships, associations, limited
liability companies, or corporations
Engaging in real estate business - ✔✔Any person acting for another for a fee,
commission, or other valuable consideration, who performs or offers or
attempts to perform brokerage activities.
Real Estate Broker - ✔✔any person or business entity including a partnership,
association, corporation or limited liability company, who for compensation
sells or offers for sale, buys or offers to buy, or negotiates the purchase or sale
or exchange of real estate.
Exemptions from Licensure: - ✔✔(1) Clerical or custodial employees of a real
estate broker
(2) Real Estate owners and landlords who are not primarily in the real estate
business
(3)Employees of Real estate owners or landlords who are employed as on site
residential custodians, superintendents.
(4) attorneys at law when serving as legal counsel to their clients
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COPYRIGHT©JOSHCLAY 2025/2026. YEAR PUBLISHED 2025. COMPANY REGISTRATION NUMBER:
619652435. TERMS OF USE. PRIVACY STATEMENT