PROFESSIONAL READINESS SERIES 2026
◉ In Connecticut , an individual may enter into legally enforceable
contracts when he or she reaches the age of
A. 16
B. 18
C. 19
D. 21. Answer: B. 18
◉ Listing and buyer brokerage contracts are considered to be
A. bilateral contracts
B. implied contracts
C. parol contracts
D. unilateral contracts. Answer: A. bilateral contracts
◉ A purchase and sale contract signed by both the seller and buyer
A. is legally binding on the parties
B. is of no effect until endorsed by on attorney
C. transfers the real estate identified in the contract
D. must also be signed by the real estate broker involved in the
transaction. Answer: A. is legally binding on the parties
,◉ A seller is required to give a buyer a Property Condition
Disclosure Report in all of the following transactions EXCEPT
A. when the seller is not assisted by a licensed real estate agent
B. if the seller has not resided on the property in the last year
C. when the transaction is the sale of commercial property
D. if the buyer has lived on the property as a tenant. Answer: C. when
the transaction is the sale of commercial property
◉ Property Condition Disclosure Reports must be delivered to the
buyer
A. prior to the buyer's making a written offer
B. at the time the buyer makes a written offer
C. prior to the buyer's signing a purchase and sale contract
D. at the time of the home inspection. Answer: A. prior to the buyer's
making a written offer
◉ A seller has no knowledge of any plumbing system problems on
the property being sold . In actuality , however , the pipes are
seriously corroded and will need to be replaced soon . In the
Property Condition Disclosure Report , when responding to whether
the seller has anyknowledge of plumbing system problems , the
seller should respond
A. yes
,B. no
C. unknown
D. by saying that the seller is not required to respond to this
question. Answer: B. no
◉ All funds received by a broker on behalf of his or her client must
be deposited in an escrow or trust account within three
A. days of receiving the deposit
B. days of obtaining all signatures
C. banking days of receiving all signatures
D. working days of receiving all signatures. Answer: C. banking days
of receiving all signatures
◉ A lease must be in writing if it is for a period in excess of
A. 60 days
B. 90 days
C. six months
D. one year. Answer: D. one year
◉ To be valid , a deed must contain all of the following EXCEPT
A. the signature of the grantor
B. the signature of the grantee
, C. the signature of witnesses
D. an acknowledgment. Answer: B. the signature of the grantee
◉ How many witnesses must sign a deed ?
A. One
B. Two
C. Three
D. Four. Answer: B. Two
◉ A warranty deed differs from a quitclaim deed in that it
A. is valid
B. conveys fee simple title
C. cures any title defects
D. contains guarantees made by the grantor to the grantee. Answer:
D. contains guarantees made by the grantor to the grantee
◉ A seller sold residential property to a buyer for $ 450,000 . The
total municipal and state conveyance tax on the transaction was
A. $ 11,250
B. $ 3,375
C. $ 4,500
D. $ 1,125. Answer: C. $ 4,500