CT STATE EXAM|| ACCURATE AND FREQUENTLY
TESTED QUESTIONS AND 100% CORRECT ANSWERS
WITH RATIONALES|| LATEST AND COMPLETE
UPDATE WITH EXPERT VERIFIED SOLUTIONS||
SURE PASS!!
(43)Connecticut requires anyone of sound mind who prepares a will to be of what
age and to have how many witnesses.
A.21, two
B.18, two
C.25, four
D.16, two - ANSWER: B.18, two
Connecticut licensing laws recognizes the following lowing listing agreements;
A.Exclusive right to sell, exclusive agency, open listing.
B.Exclusive right to sell, exclusive agency, open listing, MLS.
C.Exclusive right to sell, exclusive agency, open listing, net listing.
D.Exclusive right to sell, exclusive agency, open listing, MLS, net listing. -
ANSWER: A.Exclusive right to sell, exclusive agency, open listing.
Sharon buyer called agent Michael to view his house listing on Monroe Street.
Sharon does not have an agent. Michael provides a written agency disclosure
notice to Sharon stating that he represents the seller.
A.Before showing the house, Michael must have Sharon sign an agency
agreement.
B.Before Sharon views the property, she must sign a dual agency agreement.
C.Sharon is not required to sign any agency agreement prior to viewing the
property.
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D.Sharon must sign a purchase agreement prior to viewing the property. -
ANSWER: C.Sharon is not required to sign any agency agreement prior to
viewing the property.
A buyer finds and purchases a for sale by owner home. A broker states an
entitlement to a brokerage fee. For this to be the case, the broker would have
entered into which type of buyer broker agreement with the broker?
A. Exclusive agency right to represent buyer.
B. Open right to represent the buyer
C. Non-exclusive right to represent the buyer
D. Universal agency right to represent the buyer - ANSWER: A. Exclusive agency
right to represent buyer.
A licensee can do all of the following without entering into a written buyer agency
agreement EXCEPT
A. Give the buyer information on the licensees firm
B. Provide the buyer with information on mortgage rates and lending institutions
C. Physically show the buyer in house listings
D. Ask the buyer to disclose his or her confidential information - ANSWER: D.
Ask the buyer to disclose his or her confidential information
Under Connecticut licensing laws, brokers and agents have to disclose a present or
contemplated interest in a property listed with them
A. Only when executing a buyer's broker agreement.
B. If they are contemplating purchasing the property for their own account.
C. Only when the buyer decides to make an offer.
D. In the listing agreement and in any advertisements. - ANSWER: B. If they are
contemplating purchasing the property for their own account.
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Which statement is TRUE under Connecticut law?
A. Net listings are recognized as listings.
B. A broker can except a net listing if all funds over the stated brokerage fee or
received as a bonus instead of a commission.
C. Connecticut license laws provide that license broker may not except a listing
that is based on a net price.
D. Netlist things require the consent of the buyer, seller, and real estate licensee. -
ANSWER: C. Connecticut license laws provide that license broker may not except
a listing that is based on a net price.
Under Connecticut law, real estate brokers are required to retain certain brokerage
records such as offers and counter offers drafted by the brokers office, contracts,
leases, agency agreement and disclosure, escrow and trust account checks, and
bank statements. These records must be kept
A. Ten years
B. Indefinitely by the broker
C. Five years
D. Seven years - ANSWER: D. Seven years
The required time for acquisition of perspective easement is
A. 10 years
B. 5 years
C. 15 years
D. 20 years - ANSWER: C. 15 years
And easement by prescription may be extinguished if the owner takes, obtains, or
regains an opening continuous control in possession of the property for
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A. 15 years
B. 23 months
C. 10 years
D. 25 years - ANSWER: A. 15 years
A couple were married on July 4, 2007. Both individually owned a condominium
prior to their marriage and their own name. They decided to keep the condominium
unit separate. Once they're married in Connecticut, their former properties will
A. Be owned as tenancy by the entirety.
B. Be owned with survivorship.
C. Become community property.
D. Remain as separate interests. - ANSWER: D. Remain as separate interests
And involuntary partition action, the following statements are true EXCEPT
A. There is a physical division of the co-owned real estate.
B. Committees are appointed by the courts.
C. Courts can never provide equitable relief.
D. Partitions cannot always be fair and equitable. - ANSWER: C. Courts can
never provide equitable relief.
The common interest ownership act regulates common interest properties. Which
best describes the properties governed by this act?
A. REIT's, condominiums, cooperatives.
B. PUDS, condominiums, cooperatives.
C. Condominiums, cooperatives, REITS, PUDS.