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Examen
Connecticut Quiz 10 Correct Answers
Connecticut Quiz 10 Correct Answers In addition to a course in real estate principles and practices, an broker applicant must also take courses in - ANSWER-Real estate brokerage principles and practices and legal compliances Applicants who fail a license exam - ANSWER-Are notified of the results at the exam site The initial sale person's license fee is presently_____, and the annual renewals are ________. - ANSWER-$285, $285 After moving to CT, Alan applies for a real estate sal...
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CT Quiz Correct Answers
PopularCT Quiz Correct Answers A real estate broker who regrets a provision in a purchase and sale contract on behalf of a client has most likely - ANSWER-Engaging in the practice of law without a license which is illegal (unless The broker is also an attorney). All funds received by a broker on behalf of his or her client must be deposited in an escrow or trust account within three - ANSWER-Banking days of receiving all signatures. How old must a citizen of Connecticut before he or she may ...
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CT Real Estate Exam Vocab Questions with Correct Answers
CT Real Estate Exam Vocab Questions with Correct Answers Affidavit of Title - ANSWER-A written statement, made under oath by a seller or grantor of real property and acknowledged by a notary public, in which the grantor (1) identifies himself or herself and indicates marital status, (2) certifies that since the examination of the title, on the date of the contract no defects have occurred in the title, and (3) certifies that he or she is in possession of the property (if applicable). 401 ...
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CT Real Estate exam General Property ownership Complete Answers
CT Real Estate exam General Property ownership Complete Answers Non-monetary assets - ANSWER-Assets a company holds for which it is not possible to PRECISELY determine a dollar value ex: house Monetary assets - ANSWER-An asset such as cash, accounts receivable, or a note receivable where the amount is a fixed, stated amount. lien - ANSWER-- monetary encumbrance - A right to keep possession of property belonging to another person until a debt owed by that person is discharged Volu...
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CT Real Estate Chapters 1-10 Practice Exam Questions with Verified Answers
CT Real Estate Chapters 1-10 Practice Exam Questions with Verified Answers 10. A property owner wishes to net $56,500 from the sale of a vacant lot. After paying closing costs of $2,285 and a 7% commission, what must the selling price be (rounded to the nearest dollar)? a. $60,455 b. $60,753 c. $62,400 d. $63,210 - ANSWER-d. $63.210. 11. A house was listed for sale at $184,900. The seller received $171,000 after paying the broker a 5% commission. What was the selling price of the prop...
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Ct real Estate Chapter 1 Questions and Answers
Ct real Estate Chapter 1 Questions and Answers How is dual agency allowed - ANSWER-This is only allowed if both clients get the written informed consent Who has the option of designating one sales person's specifically represent only one client and another person to specifically represent only the other client in the same brokerage - ANSWER-The broker Will the broker still be considered dual agent if there's designated sales persons - ANSWER-yes Tw sales persons in the same age...
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CT Real Estate Agency 101 Exam Questions and Answers
CT Real Estate Agency 101 Exam Questions and Answers Diligent Effort - ANSWER-Working hard to make sure you do the job, and keeping the client always updated on what's going on. Electronic Communication must include... - ANSWER--the licensee's name and office address -the name of the real estate broker the licensee is affiliated with -all states where the licensee is licensed Engaging in the Real Estate Business - ANSWER-Any person acting for another for a fee, commission, or ...
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CT RE Practice Exam Questions with Complete Solutions
CT RE Practice Exam Questions with Complete Solutions In cases of involuntary partition, the owners are advised to - ANSWER-Petition the superior court for equitable relief Legal descriptions of property in CT predominantly follow the - ANSWER-Metes-and-bounds method The Connecticut Department of Consumer Protection requires that the land surveyors - ANSWER-Be licensed by the Department of Consumer Protection, Division of Land Surveyors and Professional Engineers Questions about boun...
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CT Exam Questions and Answers
CT Exam Questions and Answers The disclosure for unrepresented customer is a state mandated form called.... - ANSWER-Real estate agency disclosure notice given to unrepresented persons Often a real estate broken who represents a seller will allow agents at other brokerage firms to show the sellers property... This type of working relationship is referred to as .... - ANSWER-on behalf of the seller/ co-brokerage In the past co-brokers were considered subagents of the seller, meaning bo...
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CT Practice Exam Questions with Correct Answers
CT Practice Exam Questions with Correct Answers The time required for acquisition of prescriptive easements is - ANSWER-C. 15 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 - ANSWER-A. 15 years. - X 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 units separate. Onc...
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