4/5/25, 6:42
PM
CT REAL ESTATE LICENSING PRACTICE EXAM AND QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
A couple listed their home with a broker. 1. an exclusive agency listing.
After 2 months, the seller found a buyer,
and the sale closed. The seller was not
obligated to pay a commission to the
broker. This listing was MOST likely:
1. an exclusive agency listing.
2.an exclusive right to sell listing.
3.a net listing.
4. an advance fee listing.
A contract has been drawn which obliges 2. an option contract.
the sellers to convey title to their land
to the buyers if the buyers come up
with
$22,000 on or before December 31st. This
is called:
1. a buy-sell agreement.
2.an option contract.
3.an installment contract.
4. a vendor's lien interest.
1/19
,4/5/25, 6:42
PM
A mentally disabled person who has been 3. The person appointed by the court to act for the disabled person must contract
declared incompetent by a judge on his or her behalf.
wishes to enter into a contract. Under
what conditions can such a person do
so?
1. The person must obtain
prior written approval by a licensed
psychiatrist or psychologist.
2. The person must be
capable of understanding the
transaction.
3.The person appointed by the court
to act for the disabled person must
contract on his or her behalf.
4.The person may enter a contract
under any conditions, because the law
prohibits discrimination against
persons with
disabilities.
In helping a buyer to select a lender, 3. more variety of loan programs available.
if the buyer believes he has good
credit and his income is
documentable as a
salary and by tax returns, the licensee
might recommend a mortgage banker,
instead of a mortgage broker, for all of
the following reasons EXCEPT:
1. closing costs may be lower.
2.loan originator has knowledge of the
underwriter's policies.
3.more variety of loan programs
available.
4. originator and lender are part of same
company.
Without checking the facts, a broker who 2. misrepresentation.
is the seller's agent tells a buyer that the
property taxes in a particular
neighborhood are among the lowest
in the area. The buyer relies on the
broker's statement and makes an offer
on a house in the neighborhood. Before
closing, it is determined that the taxes
are actually
among the highest in the area. The
buyer could seek to rescind the contract
on the basis of:
1. puffing.
2.misrepresentation.
3.lack of care and diligence.
4. nothing; property taxes are a matter of
public record and it was the buyer's
responsibility to check them.
2/19
, 4/5/25, 6:42
PM
An agency relationship between a 1. a management agreement
property owner and a property manager
is usually created by:
1. a management agreement.
2.payment of a management fee.
3.an exclusive agency agreement.
4. an independent contractor agreement.
3/19
PM
CT REAL ESTATE LICENSING PRACTICE EXAM AND QUESTIONS AND
ANSWERS WITH COMPLETE SOLUTIONS VERIFIED LATEST UPDATE
A couple listed their home with a broker. 1. an exclusive agency listing.
After 2 months, the seller found a buyer,
and the sale closed. The seller was not
obligated to pay a commission to the
broker. This listing was MOST likely:
1. an exclusive agency listing.
2.an exclusive right to sell listing.
3.a net listing.
4. an advance fee listing.
A contract has been drawn which obliges 2. an option contract.
the sellers to convey title to their land
to the buyers if the buyers come up
with
$22,000 on or before December 31st. This
is called:
1. a buy-sell agreement.
2.an option contract.
3.an installment contract.
4. a vendor's lien interest.
1/19
,4/5/25, 6:42
PM
A mentally disabled person who has been 3. The person appointed by the court to act for the disabled person must contract
declared incompetent by a judge on his or her behalf.
wishes to enter into a contract. Under
what conditions can such a person do
so?
1. The person must obtain
prior written approval by a licensed
psychiatrist or psychologist.
2. The person must be
capable of understanding the
transaction.
3.The person appointed by the court
to act for the disabled person must
contract on his or her behalf.
4.The person may enter a contract
under any conditions, because the law
prohibits discrimination against
persons with
disabilities.
In helping a buyer to select a lender, 3. more variety of loan programs available.
if the buyer believes he has good
credit and his income is
documentable as a
salary and by tax returns, the licensee
might recommend a mortgage banker,
instead of a mortgage broker, for all of
the following reasons EXCEPT:
1. closing costs may be lower.
2.loan originator has knowledge of the
underwriter's policies.
3.more variety of loan programs
available.
4. originator and lender are part of same
company.
Without checking the facts, a broker who 2. misrepresentation.
is the seller's agent tells a buyer that the
property taxes in a particular
neighborhood are among the lowest
in the area. The buyer relies on the
broker's statement and makes an offer
on a house in the neighborhood. Before
closing, it is determined that the taxes
are actually
among the highest in the area. The
buyer could seek to rescind the contract
on the basis of:
1. puffing.
2.misrepresentation.
3.lack of care and diligence.
4. nothing; property taxes are a matter of
public record and it was the buyer's
responsibility to check them.
2/19
, 4/5/25, 6:42
PM
An agency relationship between a 1. a management agreement
property owner and a property manager
is usually created by:
1. a management agreement.
2.payment of a management fee.
3.an exclusive agency agreement.
4. an independent contractor agreement.
3/19
