CT STATE EXAM
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 a purchase contract is how
many days after the resale documents have been hand-delivered?
A. 10 business days
B. 15 business days
C. 5 business days
D. 14 business days - ✔️✔️C. 5 business days
The common interest ownership act regulates common interest properties. Which best
describes the properties governed by this act?
A. REIT's, condominiums, cooperatives.
B. PUDS, condominiums, cooperatives.
C. Condominiums, cooperatives, REITS, PUDS.
D. Assisted living, condominiums, cooperatives. - ✔️✔️B. PUDS, condominiums,
cooperatives
A buyer finds and purchases a for sale by owner home. A broker states an entitlement
to a brokerage fee. For this to be the case, the broker would have entered into which
type of buyer broker agreement with the broker?
A. Exclusive agency right to represent buyer.
B. Open right to represent the buyer
C. Non-exclusive right to represent the buyer
D. Universal agency right to represent the buyer - ✔️✔️A. Exclusive agency right to
represent buyer.
(43)Connecticut requires anyone of sound mind who prepares a will to be of what age
and to have how many witnesses.
A.21, two
B.18, two
C.25, four
D.16, two - ✔️✔️B.18, two
Connecticut licensing laws recognizes the following lowing listing agreements;
A.Exclusive right to sell, exclusive agency, open listing.
B.Exclusive right to sell, exclusive agency, open listing, MLS.
C.Exclusive right to sell, exclusive agency, open listing, net listing.
,D.Exclusive right to sell, exclusive agency, open listing, MLS, net listing. -
✔️✔️A.Exclusive right to sell, exclusive agency, open listing.
Sharon buyer called agent Michael to view his house 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.
A.Before showing the house, Michael must have Sharon sign an agency agreement.
B.Before Sharon views the property, she must sign a dual agency agreement.
C.Sharon is not required to sign any agency agreement prior to viewing the property.
D.Sharon must sign a purchase agreement prior to viewing the property. -
✔️✔️C.Sharon is not required to sign any agency agreement prior to viewing the
property.
A licensee can do all of the following without entering into a written buyer agency
agreement EXCEPT
A. Give the buyer information on the licensees firm
B. Provide the buyer with information on mortgage rates and lending institutions
C. Physically show the buyer in house listings
D. Ask the buyer to disclose his or her confidential information - ✔️✔️D. Ask the buyer
to disclose his or her confidential information
Under Connecticut licensing laws, brokers and agents have to disclose a present or
contemplated interest in a property listed with them
A. Only when executing a buyer's broker agreement.
B. If they are contemplating purchasing the property for their own account.
C. Only when the buyer decides to make an offer.
D. In the listing agreement and in any advertisements. - ✔️✔️B. If they are
contemplating purchasing the property for their own account.
Which statement is TRUE under Connecticut law?
A. Net listings are recognized as listings.
B. A broker can except a net listing if all funds over the stated brokerage fee or received
as a bonus instead of a commission.
C. Connecticut license laws provide that license broker may not except a listing that is
based on a net price.
D. Netlist things require the consent of the buyer, seller, and real estate licensee. -
✔️✔️C. Connecticut license laws provide that license broker may not except a listing
that is based on a net price.
Under Connecticut law, real estate brokers are required to retain certain brokerage
records such as offers and counter offers drafted by the brokers office, contracts,
, leases, agency agreement and disclosure, escrow and trust account checks, and bank
statements. These records must be kept
A. Ten years
B. Indefinitely by the broker
C. Five years
D. Seven years - ✔️✔️D. Seven years
The required time for acquisition of perspective easement is
A. 10 years
B. 5 years
C. 15 years
D. 20 years - ✔️✔️C. 15 years
And easement by prescription may be extinguished if the owner takes, obtains, or
regains an opening continuous control in possession of the property for
A. 15 years
B. 23 months
C. 10 years
D. 25 years - ✔️✔️A. 15 years
A couple were married on July 4, 2007. Both individually owned a condominium prior to
their marriage and their own name. They decided to keep the condominium unit
separate. Once they're married in Connecticut, their former properties will
A. Be owned as tenancy by the entirety.
B. Be owned with survivorship.
C. Become community property.
D. Remain as separate interests. - ✔️✔️D. Remain as separate interests
And involuntary partition action, the following statements are true EXCEPT
A. There is a physical division of the co-owned real estate.
B. Committees are appointed by the courts.
C. Courts can never provide equitable relief.
D. Partitions cannot always be fair and equitable. - ✔️✔️C. Courts can never provide
equitable relief.
When a unit owner request a resale certificate from the association in writing, it must be
provided within how many business days, and what can the association charge for the
resale certificate?
A. 7 days, $100
