Connecticut Real Estate Study Guide with Questions and Answers

What characteristics of land have the most impact on market value Uniqueness and immobility How does a landlord acquire fixtures left by a tenant after lease expires Permanence A person engaging in real estate activities for another and for a fee must hold of valid Brokers license Under Connecticut licensing law, a limited liability company will be granted a brokers license only if All owners of the LLC have either a broker or sales person's license, and a majority of the entity is owned by brokers When a broker represents the seller of real estate, an agency disclosure must be given to Any potential unrepresented purchaser, at the beginning of the first personal meeting with the purchaser Buena vista realty has entered into agency agreements with both the seller and the buyer. Angela, a salesperson with Buena Vista, has been designated to represent the seller, and Bao, another salesperson, had been designated to represent the buyer. In this situation All the other sales persons that work for Buenavista are dual agents, but not Angela and Bao To secure payment of compensation for her services, a broker may place a lien on -condo unit -four family apartment building -office building Buyer brokerage contract in Connecticut Must be in writing to be enforceable A broker enters into a listing agreement with the seller. The property does not sell and the listing expires. For how long does the broker need to keep a copy of the listing agreement and related documents Seven years from the expiration date of the listing agreement or any extensions In Connecticut, the real estate commission and the compensation are Negotiable between the seller or the buyer and the broker In Connecticut, an exclusive right to buy contract Must be indicated as such in a buyer agency agreement