Connecticut real estate - Study guides, Class notes & Summaries

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, sale...

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....

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 licensing laws Main responsibilites: (1) Issue Licenses (2) Arbitrate disputes between brokers and salespersons (3) Investigate and prosecute complaints against licensees (4) Formulate and enforce ...

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 ...

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, sal...

Connecticut Real Estate Exam Study Questions With Correct Answers.

Connecticut Real Estate Practice & Law Chapter 2 Listing & Buyer Agency Agreements Quiz 100% Correct Solved Buyer-brokerage contracts in Connecticut - Correct Answer ️️ -must be in writing to be enforceable A broker enters into a listing agreement with a seller. The property does not sell, and the listing expires. For how long does the broker need to keep a copy of the listingagreement and related documents? - Correct Answer ️️ -Seven Years In Connecticut, real estate commission a...

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 ...