Connecticut real estate - Study guides, Class notes & Summaries

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 by the Real Estate Commission c. determined by local groups of brokers d. negotiable between the seller or the buyer and the broker - d. negotiable between the seller or the buyer and the broker In...

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. capital gain. d. appreciation. - b. leverage. 3. A real estate licensee helps both buyers and sellers with paperwork for transferring property. The licensee is not an agent of either party and may not disc...

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 advance fee listing. - 1. an exclusive agency listing. A contract has been drawn which obliges the sellers to convey title to their land to the buyers if the buyers come up with $22,000 on or before ...

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 engaging in the real estate business and are not required to be licensed.  True A ______________ is defined as a person or an entity that is paid a fee to act for another person in the purc...

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 licensed real estate broker. b. an employee of a licensed real estate broker. c. an independent contractor. d. willing to enter into agency relationships with clients. a. affiliated with a licensed rea...

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. capital gain. d. appreciation. - b. leverage. 3. A real estate licensee helps both buyers and sellers with paperwork for transferring property. The licensee is not an agent of either party and may not disc...

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 debtor who will not pay? - Writ of execution What type of map is MOST useful for describing the terrain of a very hilly lot? - Contour map A tenant rented an apartment, signing a 15-month lease....

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 engaging in the real estate business and are not required to be licensed. - True A ______________ is defined as a person or an entity that is paid a fee to act for another person in the purchase, ...

Connecticut Real Estate Practice & Law – KGO (Answered)

Connecticut Real Estate Practice and Law Quiz Questions with 100% Correct Solutions 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 - Answer️️ -a. must be in writing to be enforceable In Connecticut, real estate commission and compensation are a. set by law b. set by the Real Estate Commission c. determined by local groups of brokers d. negotiable between the se...