Ct real estate licensing - Study guides, Class notes & Summaries

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 Real Estate Commision made up? eight members - five in the real estate business (3 brokers and 2 salespersons) and three members of the public (at least 1 member from each congressional district and n...

CT Final Exam 2023/2024 Questions and Answers Rated A+ A real estate salesperson may have his or her license revoked for: accepting compensation for brokerage service from someone other than the employing broker A salesperson may advertise a property for sale only: if the name of the broker is included in the ad. A real estate broker hires a secretary who does not have a real estate license and agrees to pay a fixed salary. Which of the following duties may the secretary perform? typing contra...

Real estate broker test CT exam Review questions and answers, graded A+/ verified. 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 between the cost basis of property and its net selling price is - -capital gain all of the following affect...

©BRIGHTSTARS EXAM SOLUTIONS 11/14/2024 12:19 PM 1 | P a g e Connecticut Real Estate Exam Study Questions With Verified Answers Connecticut Real Estate Commissions primary duties: - answer1) 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 Real Estate Commision made up? - answereight members - five in ...

Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. ngling actual interference re to disclose agency relationship rming services that would qualify as practice of law - Answer commingling Jerome let his license expire four years ago when his wife had twins and he decided to become a stay-at-ho...

Broker Zeke is busy and doesn't have time to go to the bank, so he deposits his client's earnest money funds into his personal account. He plans to move the funds to the appropriate account within a week. This violation is an example of ______. ngling actual interference re to disclose agency relationship rming services that would qualify as practice of law - ANSWER-commingling Jerome let his license expire four years ago when his wife had twins and he decided to become a stay-at-ho...

District of Columbia Licensure Act was enacted by? The City Council as an exercise of the police powers of the city. The Purpose of the DC Licensure Act is? To protect the public interest against incompetence. In addition to the usual definition, Real Estate in DC includes? 1. Condominiums 2. Leaseholds 3. Timeshare 4. Government owned property, and 5. Cooperative apartments. How is the DC Licensure Act implemented? The Mayor is the implementing authority of the Act ...

CT Quiz - Real Estate 100% Correct Solved In Connecticut a dower and curtsey are seen as: - Correct Answer ️️ -not recongized If a husband dies in Connecticut, his wife is entitled to what: - Correct Answer ️️ -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 foreclosing mortgagee: - Correct Answer ️️ -nothing The burden of proof in acquiring an easement by pre...

CT Real Estate Practice & Law Exam Review questions and answers, graded A+ A broker Candidate must - -Have been licensed two years and pass the exam with a grade of 75 A broker who enters into an exclusive agency listing contract - -must make a diligent attempt to sell or lease the property A broker who wishes to place a for sale sign on a listed property must first - -obtain the consent of the owner of the property A buyer finds and purchases a for sale by owner home. A broker states ...

Connecticut Real Estate Exam Study Questions with 100% Correct Solutions Connecticut Real Estate Commissions primary duties: - Answer️️ -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 Real Estate Commision made up? - Answer️️ -eight members - five in the real estate business (3 brokers and ...