CONNECTICUT REAL
ESTATE PRACTICE EXAM
REVIEW
• What are the types of listing agreements recognized by
Connecticut licensing law? ANSWER Exclusive right to sell,
exclusive agency, open listing, MLS, net listing.
• What must Agent Michael provide to Sharon Buyer before
showing the prop- erty? ANSWER A written Agency
Disclosure Notice stating that he represents the seller.
, • What type of buyer-broker agreement allows a broker
to claim a fee for a for-sale-by-owner home? ANSWER
Exclusive right to represent buyer.
• What can a licensee do without entering into a written
buyer agency agree- ment? ANSWER Provide information
on mortgage rates and lending institutions.
• Under Connecticut law, when must brokers disclose a
present or contemplat- ed interest in a property? ANSWER
In the listing agreement and in any advertisements.
• Which statement is TRUE regarding net listings under
Connecticut law? ANSWER Net listings require the
consent of the seller, buyer, and real estate licensee.
• How long must real estate brokers in Connecticut retain
certain brokerage records? ANSWER Seven years.
• What is the time required for the acquisition of
prescriptive easements in Connecticut? ANSWER 15
years.
ESTATE PRACTICE EXAM
REVIEW
• What are the types of listing agreements recognized by
Connecticut licensing law? ANSWER Exclusive right to sell,
exclusive agency, open listing, MLS, net listing.
• What must Agent Michael provide to Sharon Buyer before
showing the prop- erty? ANSWER A written Agency
Disclosure Notice stating that he represents the seller.
, • What type of buyer-broker agreement allows a broker
to claim a fee for a for-sale-by-owner home? ANSWER
Exclusive right to represent buyer.
• What can a licensee do without entering into a written
buyer agency agree- ment? ANSWER Provide information
on mortgage rates and lending institutions.
• Under Connecticut law, when must brokers disclose a
present or contemplat- ed interest in a property? ANSWER
In the listing agreement and in any advertisements.
• Which statement is TRUE regarding net listings under
Connecticut law? ANSWER Net listings require the
consent of the seller, buyer, and real estate licensee.
• How long must real estate brokers in Connecticut retain
certain brokerage records? ANSWER Seven years.
• What is the time required for the acquisition of
prescriptive easements in Connecticut? ANSWER 15
years.
