CERTIFICATION STUDY MODULE 2026
◉ A licensed real estate sales person must be...
1. affiliated with a licensed real estate broker
2. an employee of a licensed real estate broker
3. an independent contractor
4. willing to enter into agency relationships with clients. Answer: 1.
affiliated with a licensed real estate broker
◉ A real estate broker's license allows a broker to do all of the
following EXCEPT...
1. sell real estate
2. resell a mobile home
3. collect rent on behalf of a landlord
4. appraise real estate. Answer: 4. appraise real estate
◉ Under Connecticut license law a limited liability company will be
granted a brokers license only if
1. the LLC is owned exclusively by licensed broker's
2. all active owners of the LLC have either a broker or salesperson's
license and a majority of the entity is owned by brokers
,3. the LLC pass is a state exam
4. Connecticut law is changed; currently a legal entity cannot be
licensed as a broker. Answer: 2. all active owners of the LLC have
either a broker or sales person's license and a majority of the entity
is owned by brokers
◉ A broker entered into a listing agreement with a seller. Through
the MLS, a broker from a different office had been working with the
buyer, who is interested in making an offer on the seller's property.
Typically, in this kind of transaction, the broker working with the
buyer would enter into a written representation contract with
1. the seller as a subagent
2. the buyer as an agent
3. the buyer as a subagent
4. neither the buyer nor the seller. Answer: 2. the buyer as an agent
◉ when a broker represents the seller of real estate, an agency
disclosure must be given to
1. any potential unrepresented purchaser at the beginning of the
first personal meeting with the purchaser
2. all potential purchasers at the beginning of the first personal
meeting with the purchaser
3. purchaser before the purchase and sale contract is signed
,4. the seller at the time the listing agreement is signed. Answer: 1.
any potential unrepresented purchaser at the beginning of the first
personal meeting with the purchaser
◉ A realty company has entered into agency agreements with both
the seller and the buyer. The buyer is interested in making an offer
on the sellers property. Can this occur?
1. no, because the realty would then be a dual agent
2. yes, as long as written agency agreements have been entered into
with both parties
3. yes, if both the buyer and the seller give their consent to dual
agency
4. yes, but only if the realty company designated separate agents to
represent each party. Answer: 3. yes, if both the buyer and the seller
give their consent to dual agency
◉ A realty company has entered into agency agreements with both
the seller and the buyer. The seller and the buyer agreed to dual
agency but not designated agency. A salesperson with the same
realty has been working with the buyer. Legally, the salesperson is
not allowed to do any of the following EXCEPT
1. provide comparable market data to the seller after the buyer
requests and receives such data from the REALTOR@
2. disclose the buyers financial qualifications to the seller
, 3. disclose to the buyer that the seller will except less than the listing
price
4. disclose to the seller that the buyer will pay more than the offering
price. Answer: 1. provide comparable market data to the seller after
the buyer requests and receives such data from the REALTOR@
◉ Sal's listing agreement with the seller has terminated. The seller
now enters into a listing agreement with another brokerage firm.
When Sal finds a buyer interested in the sellers property, Sal cannot
1. disclose to the buyer confidential information about the sellers
reasons to sell
2. disclose to the buyer offers received on the sellers property while
it was listed with him
3. disclose to the buyer information about the physical condition of
the property
4. represent the buyer. Answer: 2. disclose to the buyer offers
received on the seller's property while it was listed with him
◉ Vista realty has entered into agency agreements with both the
seller and the buyer. Angela, a salesperson with Vista, has been
designated to represent the seller and Becky, another salesperson,
has been designated to represent the buyer. In this situation
1. Angela and Becky are dual agents
2. all the other salespersons that work for Vista are dual agents, but
not Angela and Becky