CT Real Estate Licensing Actual
Exam Questions With Reviewed
100% Correct Detailed Answers
Guaranteed Pass!!Current Update
(Verified Pass)
1. In MOST states, foreclosed property is sold through:
1. sealed bids.
2. public auction.
3. deficiency judgment.
4. right of redemption. - ANSWER 2. public auction
2. A salesperson qualified a minority couple with two children and defined their
price range as between $110,000 and $120,000 for the three-bedroom house they
wanted. They asked to look at two listings in a nonminority neighborhood. The
salesperson did not show them the properties because they were priced under
$90,000 and had only two small bedrooms. Did the salesperson act appropriately
and why or why not?
1. Yes, because they were overqualified for the homes they had requested to see.
2. Yes, because it is the salesperson's job to tailor the properties shown to the
needs of the buyer.
,3. No, because it is appropriate to show any property for which the buyer is
qualified.
4. No, because the presence of children requires granting occupancy if they desire
it. - ANSWER 3. No, because it is appropriate to show any property for which
the buyer is qualified.
3. A deed restriction is applicable to the activities of:
1. the current owner only.
2. present and future owners.
3. future owners only.
4. mortgagors. - ANSWER 2. present and future owners.
4. If you own a building free and clear that is worth $115,000 and want an annual
return of 12%, what net income is needed each month?
1. $1,062
2. $1,150
3. $9,583
4. $13,800 - ANSWER 2. $1,150
5. A tenant rented an apartment, signing a 15-month lease. After the lease
expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold
does the tenant have?
1. Gross lease.
2. Proprietary lease.
3. Tenancy at sufferance.
, 4. Tenancy at will. - ANSWER 4. Tenancy at will.
6. The sellers want to accept a purchase offer, but only if the price is raised by
$5,000. What should they give the prospective buyer?
1. Counteroffer.
2. Novation.
3. New listing contract.
4. Contingency. - ANSWER 1. Counteroffer.
7. A licensee is listing a property in a known flood plain. The seller flatly denies
that the structure and the property have ever been flooded. What is the licensee
required to do in this situation?
1. Rely on the face value of seller's statement.
2. Inform the seller of potential legal consequences if this claim is untrue.
3. Inform the seller of the legal obligation to disclose facts regarding flood plains.
4. Refuse to list the property and explain to the seller that all properties in this
area flood. - ANSWER 3. Inform the seller of the legal obligation to disclose
facts regarding flood plains.
8. Salesperson Susan was at the local coffee shop with some agents from other
offices. The subject of commissions came up, and agents began to compare their
commission rates. Susan should:
1. excuse herself from the discussion as this could constitute illegal blockbusting.
2. advise her friends this could constitute a violation of Sherman Antitrust Act.
3. listen carefully so she can be more competitive in the market.
Exam Questions With Reviewed
100% Correct Detailed Answers
Guaranteed Pass!!Current Update
(Verified Pass)
1. In MOST states, foreclosed property is sold through:
1. sealed bids.
2. public auction.
3. deficiency judgment.
4. right of redemption. - ANSWER 2. public auction
2. A salesperson qualified a minority couple with two children and defined their
price range as between $110,000 and $120,000 for the three-bedroom house they
wanted. They asked to look at two listings in a nonminority neighborhood. The
salesperson did not show them the properties because they were priced under
$90,000 and had only two small bedrooms. Did the salesperson act appropriately
and why or why not?
1. Yes, because they were overqualified for the homes they had requested to see.
2. Yes, because it is the salesperson's job to tailor the properties shown to the
needs of the buyer.
,3. No, because it is appropriate to show any property for which the buyer is
qualified.
4. No, because the presence of children requires granting occupancy if they desire
it. - ANSWER 3. No, because it is appropriate to show any property for which
the buyer is qualified.
3. A deed restriction is applicable to the activities of:
1. the current owner only.
2. present and future owners.
3. future owners only.
4. mortgagors. - ANSWER 2. present and future owners.
4. If you own a building free and clear that is worth $115,000 and want an annual
return of 12%, what net income is needed each month?
1. $1,062
2. $1,150
3. $9,583
4. $13,800 - ANSWER 2. $1,150
5. A tenant rented an apartment, signing a 15-month lease. After the lease
expired, the tenant paid 1 month's rent and got a receipt. What kind of leasehold
does the tenant have?
1. Gross lease.
2. Proprietary lease.
3. Tenancy at sufferance.
, 4. Tenancy at will. - ANSWER 4. Tenancy at will.
6. The sellers want to accept a purchase offer, but only if the price is raised by
$5,000. What should they give the prospective buyer?
1. Counteroffer.
2. Novation.
3. New listing contract.
4. Contingency. - ANSWER 1. Counteroffer.
7. A licensee is listing a property in a known flood plain. The seller flatly denies
that the structure and the property have ever been flooded. What is the licensee
required to do in this situation?
1. Rely on the face value of seller's statement.
2. Inform the seller of potential legal consequences if this claim is untrue.
3. Inform the seller of the legal obligation to disclose facts regarding flood plains.
4. Refuse to list the property and explain to the seller that all properties in this
area flood. - ANSWER 3. Inform the seller of the legal obligation to disclose
facts regarding flood plains.
8. Salesperson Susan was at the local coffee shop with some agents from other
offices. The subject of commissions came up, and agents began to compare their
commission rates. Susan should:
1. excuse herself from the discussion as this could constitute illegal blockbusting.
2. advise her friends this could constitute a violation of Sherman Antitrust Act.
3. listen carefully so she can be more competitive in the market.
