Connecticut Real Estate Exam Study Questions And Answers Rated 100% Correct!!
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Course
Connecticut Real Estate
Institution
Connecticut Real Estate
Engaging in the real estate business consists of acting for another for a fee in all of the
following activities EXCEPT
A: investing in real estate
B: reselling a mobile home
C: selling real-estate
D: collecting rent for the use of real estate - ️️A: investing in real estate
Which of the ...
Connecticut Real Estate Exam Study
Questions
Engaging in the real estate business consists of acting for another for a fee in all of the
following activities EXCEPT
A: investing in real estate
B: reselling a mobile home
C: selling real-estate
D: collecting rent for the use of real estate - ✔️✔️A: investing in real estate
Which of the following is EXEMPT from the real estate licensing requirement?
A) attorney at law when serving as legal counsel to a client
B) Appraiser when valuing a client's property
C) Associations, partnerships, corporations
D) Real property securities dealers - ✔️✔️A) attorney at law when serving as legal
counsel to a client
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 not more than the bare majority
from the same political party)
To be a member of the CT Real Estate Commission you must.. - ✔️✔️1) electors in the
state
2) appointed by the governor
3) take an oath to perform faithfully to prescribed duties
4) may be removed from the office for a cause by the governor after being given an
opportunity to be heard
The CT Real Estate Commission chairman must.. - ✔️✔️be bonded in accordance with
the requirements of the state insurance purchasing board.
Are CT Real Estate Commission members paid for their services? - ✔️✔️NO, but they
are reimbursed for necessary expenses incurred in the performance of their duties
, you are employed by an apartment complex as a residential on-site property custodian.
Part of your duties involves negotiating leases for the apartments. In this position you
A) must have a salesperson license
B) must have a brokers license
C) are exempt from the licensing requirements if you reside at the apartment complex
D) are violating the license law - ✔️✔️C) are exempt from the licensing requirements if
you reside at the apartment complex
The initial salespersons license fee is presently ----, and annual renewals are ----
A) $285/$285
B) $565/$285
C) $285/$75
D) $565/$375 - ✔️✔️A) $285/$285
Who may receive compensation form the Real Estate Guaranty Fund?
A) A broker who does not receive an earned commision
B) A seller who pays a commission to a broker under false pretenses
C) A buyer who pays a fee to a broker under a buyer agency agreement
D) A cooperating broker who does not receive a commission split - ✔️✔️B) A seller
who pays a commission to a broker under false pretenses
to change broker affiliation, a salesperson must - ✔️✔️Register the change with the
commission
A saleswoman regularly communicates with all of her clients and potential claims via
email. The licensing law requires that her email contains all of the following EXCEPT -
✔️✔️CORRECT ANSWER: her license certificate number
Should include her
1) name and office address
2) the name of the broker she is affiliated with
3) all of the states where she licensed
Duel Agency - ✔️✔️1) Both clients must give written formal consent
2) In this situation all salespersons working for the broker are also duel agents
Designated Agency - ✔️✔️A process that accommodates an in-house sale in which
two different agents are involved. The broker designates one agent to represent the
seller and one agent to represent the buyer.
Agency Relationship - ✔️✔️Fiduciary relationship (relationship of trust) in which agent
acts on behalf of principal
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