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

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...

CT Real Estate Exam Questions and Answers 100% Pass 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. - Answer️️ -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 agen...

CT real estate salesperson exam questions and answers already passed 6 things a licensee cannot do without a written buyer agency agreement 1) Ask the buyer to disclose confidential information 2) Express an opinion or give advice about particular real esate 3) Physically show the buyer an in-house listing 4) Physically show the buyer a property listed with anither firm 5) discuss an offer with the buyer 6) Engage in any verbal or written negotiations concerning purchase price, terms, or conditi...

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...

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 ...

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 ...

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 real estate Exam Review questions and answers, graded A+/ verified. 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 Connecticut licensing law, a limited liability company will be granted a brokers license only if - -All owners of the LLC h...

CT RE Practice Exam Questions and answers, 100% Accurate, graded A+/ verified. 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 stating that he represents the seller. - -Sharon is not required to any agency agreement prior to viewing the pr...