Prepare confidently for the Connecticut Real Estate Salesperson exam with our comprehensive Q&A bundle. Delve into a curated collection of questions and detailed answers covering every crucial aspect of Connecticut real estate law, regulations, practices, and ethics.
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The provisions of the Americans with disabilities Act (ADA) most likely apply to places of public accommodation In CT, once both parties have signed, how many days does a broker have to deposit the good faith monies into escrow 3 banking days In the event one party to a real estate sales contr...
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Add to cartThe provisions of the Americans with disabilities Act (ADA) most likely apply to places of public accommodation In CT, once both parties have signed, how many days does a broker have to deposit the good faith monies into escrow 3 banking days In the event one party to a real estate sales contr...
Remuneration money paid for work Employee or Contractor? remuneration is paid mostly due to commission and not hours worked. contractor Employee or Contractor? licensee can work any hours he pleases contractor Employee or Contractor? can not be terminated at any time employee Employee or...
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Add to cartRemuneration money paid for work Employee or Contractor? remuneration is paid mostly due to commission and not hours worked. contractor Employee or Contractor? licensee can work any hours he pleases contractor Employee or Contractor? can not be terminated at any time employee Employee or...
when does a joint tenant become a tenant in common During divorce what is different in CT in regard to joint tenants they can have an unequal interest how long is adverse possession / prescriptive easement in CT 15 years If there is a transaction without a lawyer, what happens to the deed a...
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Add to cartwhen does a joint tenant become a tenant in common During divorce what is different in CT in regard to joint tenants they can have an unequal interest how long is adverse possession / prescriptive easement in CT 15 years If there is a transaction without a lawyer, what happens to the deed a...
In Connecticut a dower and curtsey are seen as: not recongized If a husband dies in Connecticut, his wife is entitled to what: an election to take a life estate equal to one-third of the property owned by the husband at the time of his death A homeowner may exempt what amount from debt owed a ...
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Add to cartIn Connecticut a dower and curtsey are seen as: not recongized If a husband dies in Connecticut, his wife is entitled to what: an election to take a life estate equal to one-third of the property owned by the husband at the time of his death A homeowner may exempt what amount from debt owed a ...
The Connecticut Real Estate commission Who administers the Connecticut Licensing Laws? 8 How many commission members are there? 5 How many commission members are real estate professionals? No Can the commission have a big majority from any one political party? A majority What is consider...
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Add to cartThe Connecticut Real Estate commission Who administers the Connecticut Licensing Laws? 8 How many commission members are there? 5 How many commission members are real estate professionals? No Can the commission have a big majority from any one political party? A majority What is consider...
Real estate Brokage The business of bringing parties together in a real estate transaction Broker A broker is defined as a person or an entity that is paid a fee to ask for another person in the purchase Sale rental or exchange of real estate sales person Must be affiliated with and supervise...
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Add to cartReal estate Brokage The business of bringing parties together in a real estate transaction Broker A broker is defined as a person or an entity that is paid a fee to ask for another person in the purchase Sale rental or exchange of real estate sales person Must be affiliated with and supervise...
Why was the Real Estate Commission created? To protect the public Why did CT create a Real Estate Commission? For administrative power and duties, like licensure What important federal department does the CT Real Estate Commission operate under? Department of Consumer Protection What is the...
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Add to cartWhy was the Real Estate Commission created? To protect the public Why did CT create a Real Estate Commission? For administrative power and duties, like licensure What important federal department does the CT Real Estate Commission operate under? Department of Consumer Protection What is the...
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 li...
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Add to cartA 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 li...
BrokerA person who performs real estate activities for a real estate consumer. In CT only a broker can enter into an agency relationship with a client. Agency runs from broker to client. All salespersons working for the broker are automatically agents of the brokers clients and owe clients fiduciary...
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Add to cartBrokerA person who performs real estate activities for a real estate consumer. In CT only a broker can enter into an agency relationship with a client. Agency runs from broker to client. All salespersons working for the broker are automatically agents of the brokers clients and owe clients fiduciary...
In Connecticut, what are the two categories Brokers and salespersons In order to obtain a license as a sales person a must Be affiliated with a designated broker who will be responsible for the sales person while the sales person is performing real estate brokerage activities An unlicensed ass...
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Add to cartIn Connecticut, what are the two categories Brokers and salespersons In order to obtain a license as a sales person a must Be affiliated with a designated broker who will be responsible for the sales person while the sales person is performing real estate brokerage activities An unlicensed ass...
You notice someone who appears to be young saying she passed her exam and just got her Connecticut salesperson's license. What can you assume about her age? She's at least 18. If a licensee who isn't affiliated with a broker wishes to advertise property listed by that broker, the licensee may ...
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Add to cartYou notice someone who appears to be young saying she passed her exam and just got her Connecticut salesperson's license. What can you assume about her age? She's at least 18. If a licensee who isn't affiliated with a broker wishes to advertise property listed by that broker, the licensee may ...
In general when the supply of a certain commodity increases, price tends to drop Which factor primarily affects supply in the real estate market? governmental monetary policy Nationwide Multistate Licensing System and Registry was created to register mortgage loan originators The difference...
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Add to cartIn general when the supply of a certain commodity increases, price tends to drop Which factor primarily affects supply in the real estate market? governmental monetary policy Nationwide Multistate Licensing System and Registry was created to register mortgage loan originators The difference...
B.18, two(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 A.Exclusive right to sell, exclusive agency, open listing.Connecticut licensing laws recognizes the following lowing listi...
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Add to cartB.18, two(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 A.Exclusive right to sell, exclusive agency, open listing.Connecticut licensing laws recognizes the following lowing listi...
Unit 10 ~ Connecticut Real Estate License Law Practice Questions and Answers The real estate license law is administered by the the Real Estate Commission A person must be licensed as a real estate broker or salesperson if that person is engagin in the real estate business "Engaging in the r...
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Add to cartUnit 10 ~ Connecticut Real Estate License Law Practice Questions and Answers The real estate license law is administered by the the Real Estate Commission A person must be licensed as a real estate broker or salesperson if that person is engagin in the real estate business "Engaging in the r...
Ct recognizes these listing agreements Exclusive right to sell, exclusive agency, open listing Time required for acquisition of prescription easements is 15 years Under CT law, real estate brokers are required to retain certain brokerage records such as offers, counteroffers drafted in brokers...
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Add to cartCt recognizes these listing agreements Exclusive right to sell, exclusive agency, open listing Time required for acquisition of prescription easements is 15 years Under CT law, real estate brokers are required to retain certain brokerage records such as offers, counteroffers drafted in brokers...
Buyer brokerage contracts in Connecticut a. must be in writing to be enforceable b. must be on specific forms c. are not regulated under the license laws d. are illegal a. must be in writing to be enforceable In Connecticut, real estate commission and compensation are a. set by law b. set b...
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Add to cartBuyer brokerage contracts in Connecticut a. must be in writing to be enforceable b. must be on specific forms c. are not regulated under the license laws d. are illegal a. must be in writing to be enforceable In Connecticut, real estate commission and compensation are a. set by law b. set b...
Unlicensed Persons are _____________________ negotiating, listing, selling, or buying real estate for a client or customer. a. are allowed to take part in b. prohibited from b True or False: Any person working at a clerical capacity in a real estate brokerage office is not considered to be e...
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Add to cartUnlicensed Persons are _____________________ negotiating, listing, selling, or buying real estate for a client or customer. a. are allowed to take part in b. prohibited from b True or False: Any person working at a clerical capacity in a real estate brokerage office is not considered to be e...
Connecticut licensing law recognizes the following listing agreements: Exclusive right to sell, exclusive agency, and open listing. Sharon Buyer called Agent Michael to view his listing on Monroe Street. Sharon does not have an agent. Michael provides a written Agency Disclosure Notice to Sharon ...
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Add to cartConnecticut licensing law recognizes the following listing agreements: Exclusive right to sell, exclusive agency, and open listing. Sharon Buyer called Agent Michael to view his listing on Monroe Street. Sharon does not have an agent. Michael provides a written Agency Disclosure Notice to Sharon ...
1. A bill of sale is used to transfer the ownership of a. real property. b. fixtures. c. appurtenances. d. personal property. d. personal property. 2. The use of borrowed money to finance a purchase with a relatively small down payment is called a. an encroachment. b. leverage. c. capita...
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Add to cart1. A bill of sale is used to transfer the ownership of a. real property. b. fixtures. c. appurtenances. d. personal property. d. personal property. 2. The use of borrowed money to finance a purchase with a relatively small down payment is called a. an encroachment. b. leverage. c. capita...
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 Con...
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Add to cartWhat 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 Con...
A person engaging in real estate activities for another and for a fee must hold a valid a. agent's license. b. broker's license. c. salesperson's license. d. broker's or salesperson's license. b. broker's license. A licensed real estate salesperson must be a. affiliated with a lice...
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Add to cartA person engaging in real estate activities for another and for a fee must hold a valid a. agent's license. b. broker's license. c. salesperson's license. d. broker's or salesperson's license. b. broker's license. A licensed real estate salesperson must be a. affiliated with a lice...
Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? Situs How does a creditor who has obtained a judgment get satisfaction against a...
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Add to cartTwo lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? Situs How does a creditor who has obtained a judgment get satisfaction against a...
Connecticut Real Estate Commissions primary duties: 1) issue licenses 2) arbitrates disputes between brokers and salespersons 3) investigates and prosecutes complaints against licensees 4) formulate and enforce rules and regulations regarding licensing and conduct of licensing How is the CT ...
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Add to cartConnecticut Real Estate Commissions primary duties: 1) issue licenses 2) arbitrates disputes between brokers and salespersons 3) investigates and prosecutes complaints against licensees 4) formulate and enforce rules and regulations regarding licensing and conduct of licensing How is the CT ...
A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely: 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an ...
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Add to cartA couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely: 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an ...
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