Ct chapter 10 ct specific
Regulations/license law Test Questions
Fully Solved.
Ct real estate commission - Answer enforces ct licensing law, is part of the department of
consumer protection. Has authority to enact regulations implementing statutes
-Primary duties are to issue licenses, arbitrate disputes between brokers/salespersons,
investigate and prosecute complaints against licensees, form and enforce rules and regulations
regarding licensing and conduct of licensees, establish rules and regs, administers real estate
business, approves courses/schools for pre-licensing
-Keeps records of all activities and submits annual report to governor
structure of ct real estate commission - Answer important
8 members: 3 brokers, two licensed salespersons at time of appointment, 3 members of public
-3 brokers 2 agents preferred
-One member from each congressional district
-not more than bare majority from same political parties
-appointed by governor
-these members are volunteers- get together 4-6 times a year
members of commission - Answer -Must be electors in the state
-Are appointed by governor
-Take oath to perform faithfully the prescribed duties
-May be removed from office for cause by governor after being given an opportunity to be
heard
commission members select chairperson - Answer chairperson of commission must be
bonded in accordance w requirements of state insurance purchasing board
-When voting on issues, majority of members constitute a quorum
-Seats vacated thru resignation, death, removal are filled by appointees of the governor
-Commission members are not paid for services but are reimbursed for necessary expenses
incurred in performance of duties
, approval of courses/schools - Answer the commission evaluates/approves courses/schools
that fulfill pre licensing ed reqs and continuing education reqs
person - Answer individuals, partnerships, associations, limited liability companies,
corporations
engaging in real estate business - Answer acting for another and for a fee, commission, other
valuable consideration, hwo performs/offers/attempts to perform brokerage activities
real estate broker - Answer any person who for another and for a fee, performs, offers to
perform, attempts to perform any of the following activities pertaining to real estate
Lists real estate for sale
Sells real estate
Exchanges real estate
Buys real estate
rents/collects rent for use of real estate
Resells mobile home
real estate salesperson - Answer any person employed by real estate broker or affiliated w real
estate broker as independent contractor who performs or offers or attempts to perform any of
activities listed previously on behalf of real estate broker
exemption from licensure - Answer -Clerical or custodial employees of real estate broker
-Real estate owners/landlords who are not primarily in real estate business
-Employees of real estate owners/landlords who are employed as on site residential
superindenents/custodians when any real estate activities are conducted in regular course of
business.
-Commission says all of these conditions for exception must apply- individual must
-Be regular employee
-Be employed as superintendent or custodian
-Work on residential site where they engage in licensed activities
-Reside at location where they work and engage in those licensed activities
-Attorneys at law when serving as legal counsel to clients
-Receivers, trustees in bankruptcy, administrators, executors, fiduciaries
Regulations/license law Test Questions
Fully Solved.
Ct real estate commission - Answer enforces ct licensing law, is part of the department of
consumer protection. Has authority to enact regulations implementing statutes
-Primary duties are to issue licenses, arbitrate disputes between brokers/salespersons,
investigate and prosecute complaints against licensees, form and enforce rules and regulations
regarding licensing and conduct of licensees, establish rules and regs, administers real estate
business, approves courses/schools for pre-licensing
-Keeps records of all activities and submits annual report to governor
structure of ct real estate commission - Answer important
8 members: 3 brokers, two licensed salespersons at time of appointment, 3 members of public
-3 brokers 2 agents preferred
-One member from each congressional district
-not more than bare majority from same political parties
-appointed by governor
-these members are volunteers- get together 4-6 times a year
members of commission - Answer -Must be electors in the state
-Are appointed by governor
-Take oath to perform faithfully the prescribed duties
-May be removed from office for cause by governor after being given an opportunity to be
heard
commission members select chairperson - Answer chairperson of commission must be
bonded in accordance w requirements of state insurance purchasing board
-When voting on issues, majority of members constitute a quorum
-Seats vacated thru resignation, death, removal are filled by appointees of the governor
-Commission members are not paid for services but are reimbursed for necessary expenses
incurred in performance of duties
, approval of courses/schools - Answer the commission evaluates/approves courses/schools
that fulfill pre licensing ed reqs and continuing education reqs
person - Answer individuals, partnerships, associations, limited liability companies,
corporations
engaging in real estate business - Answer acting for another and for a fee, commission, other
valuable consideration, hwo performs/offers/attempts to perform brokerage activities
real estate broker - Answer any person who for another and for a fee, performs, offers to
perform, attempts to perform any of the following activities pertaining to real estate
Lists real estate for sale
Sells real estate
Exchanges real estate
Buys real estate
rents/collects rent for use of real estate
Resells mobile home
real estate salesperson - Answer any person employed by real estate broker or affiliated w real
estate broker as independent contractor who performs or offers or attempts to perform any of
activities listed previously on behalf of real estate broker
exemption from licensure - Answer -Clerical or custodial employees of real estate broker
-Real estate owners/landlords who are not primarily in real estate business
-Employees of real estate owners/landlords who are employed as on site residential
superindenents/custodians when any real estate activities are conducted in regular course of
business.
-Commission says all of these conditions for exception must apply- individual must
-Be regular employee
-Be employed as superintendent or custodian
-Work on residential site where they engage in licensed activities
-Reside at location where they work and engage in those licensed activities
-Attorneys at law when serving as legal counsel to clients
-Receivers, trustees in bankruptcy, administrators, executors, fiduciaries
