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Connecticut Real Estate Practice Exam General
/ Study Guide / Expert Verified Actual Questions
& Answers For Guaranteed Pass
The real estate contract for a specific property for use as an unlicensed whiskey
sales operation was forced to terminate. The termination was the result of -
impossibility of performance.
A contract has been drawn which obliges 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 - an option contract
A couple signed a lease on an apartment for a period of 1 year. The lease does
NOT contain an automatic renewal clause. The couple plans to move out at the
end of the lease rather than renew it. How much notice MUST they give to comply
with the lease term? - No notice is required.
For Federal income tax purposes, which of the following are costs of
homeownership that may be deducted from gross income? - Mortgage loan
interest, local property taxes, mortgage loan origination fees
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A judgment has been properly recorded. Any subsequent purchasers, whether
they have actually examined the record or not, have been given - constructive
notice
At the closing on June 15, the buyer is assuming a mortgage presently on the
property, on which the monthly interest charge is currently $600. The seller has
made the payment due on June 1. Assuming a VA mortgage, what is the
adjustment made at closing? - Debit seller $300; credit buyer $300.
Under a land contract for deed, who retains fee ownership of the property? -
Vendor
The buyer is assuming a mortgage presently on the property in the amount of
$110,000. What is the adjustment made at closing? - Credit buyer $110,000; debit
seller $110,000
The escrow officer or closing agent MUST give information regarding the sales
price and seller's social security number to - IRS
A managing broker can be held responsible for - all real estate activities of
salespersons
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According to the Truth-in-Lending Act, if any "trigger terms" are used in an ad, all
of the following disclosures MUST appear in the ad EXCEPT the - prepayment
penalties and rebates
The statement "this property has the most beautiful views in the neighborhood" is
an example of - puffing
A charge of violation of Federal Fair Housing laws can be heard by an
administrative law judge within the Department of Housing and Urban
Development (HUD) or by a Federal district court judge in Federal court. The
advantage of a Federal court hearing to the complaining party is that - there is no
dollar limit on damages paid
When is racial discrimination in the rental of rooms or apartments permitted? -
Under no circumstances.
An equal housing opportunity notice MUST be - displayed in the brokerage office.
Connecticut Real Estate Practice Exam General
/ Study Guide / Expert Verified Actual Questions
& Answers For Guaranteed Pass
The real estate contract for a specific property for use as an unlicensed whiskey
sales operation was forced to terminate. The termination was the result of -
impossibility of performance.
A contract has been drawn which obliges 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 - an option contract
A couple signed a lease on an apartment for a period of 1 year. The lease does
NOT contain an automatic renewal clause. The couple plans to move out at the
end of the lease rather than renew it. How much notice MUST they give to comply
with the lease term? - No notice is required.
For Federal income tax purposes, which of the following are costs of
homeownership that may be deducted from gross income? - Mortgage loan
interest, local property taxes, mortgage loan origination fees
,2|Page
A judgment has been properly recorded. Any subsequent purchasers, whether
they have actually examined the record or not, have been given - constructive
notice
At the closing on June 15, the buyer is assuming a mortgage presently on the
property, on which the monthly interest charge is currently $600. The seller has
made the payment due on June 1. Assuming a VA mortgage, what is the
adjustment made at closing? - Debit seller $300; credit buyer $300.
Under a land contract for deed, who retains fee ownership of the property? -
Vendor
The buyer is assuming a mortgage presently on the property in the amount of
$110,000. What is the adjustment made at closing? - Credit buyer $110,000; debit
seller $110,000
The escrow officer or closing agent MUST give information regarding the sales
price and seller's social security number to - IRS
A managing broker can be held responsible for - all real estate activities of
salespersons
, 3|Page
According to the Truth-in-Lending Act, if any "trigger terms" are used in an ad, all
of the following disclosures MUST appear in the ad EXCEPT the - prepayment
penalties and rebates
The statement "this property has the most beautiful views in the neighborhood" is
an example of - puffing
A charge of violation of Federal Fair Housing laws can be heard by an
administrative law judge within the Department of Housing and Urban
Development (HUD) or by a Federal district court judge in Federal court. The
advantage of a Federal court hearing to the complaining party is that - there is no
dollar limit on damages paid
When is racial discrimination in the rental of rooms or apartments permitted? -
Under no circumstances.
An equal housing opportunity notice MUST be - displayed in the brokerage office.
