Connecticut Real Estate Practice Exam

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• When must a broker deposit a buyer's deposit into escrow?
• What must a salesperson do to officially change broker affiliation?
• Which of the following is a requirement under the Connecticut Fair Housing Act?
• Which contract type involves an exchange of promises between two parties?
• What type of compensation is not allowed in Connecticut?
• What is a subagent?
• What defines the relationship between a broker and a potential buyer who is not represented?
• What statement is true about the partitioning of concurrent ownership in real estate in Connecticut?
• What is one of the duties of a Real Estate Broker?
• What document typically provides a detailed description of property boundaries?
• What is the maximum fee that can be charged for condominium resale documents in Connecticut?
• How long is a Connecticut real estate license valid before it needs renewal?
• What constitutes a "short sale" in real estate?
• What is typically included in the services provided by a closing attorney?
• What type of relationship is an Agency Relationship?
• What does a "mortgage contingency" in a purchase contract allow the buyer to do?
• When is a real estate agent required to provide agency disclosure in Connecticut?
• What document must the buyer and seller sign in designated agency?
• What is required for a real estate licensee to renew their license in Connecticut?
• In Connecticut, subagency is not permitted without what?
• What is the main difference between a warranty deed and a quitclaim deed?
• What is one essential element that must appear in a valid Connecticut contract for the sale of real estate?
• Who is typically responsible for obtaining title insurance in a real estate transaction?
• How frequently do brokers have to renew their licenses in Connecticut?
• Which of the following listing agreements are recognized by Connecticut licensing law?
• According to Connecticut law, what is required for contracts for the sale of real estate to be enforceable?
• How can adverse possession result in ownership in Connecticut?
• What is the primary role of Connecticut’s Department of Consumer Protection concerning real estate?
• Which type of transactions are exempt from limitations on subagency?
• What is the primary role of a title company in real estate transactions?
• Who is a Real Estate Salesperson?
• What duty does a real estate agent owe to their client?
• From whom can sellers obtain condominium resale disclosure documents?
• Who can be removed from the Connecticut Real Estate Commission by the governor?
• If an unrepresented person refuses to sign a disclosure form, what should the agent do?
• Real property taxes are levied by which of the following?
• For a lease to be in writing in Connecticut, it must be in excess of how many years?
• Who appoints members to the Connecticut Real Estate Commission?
• What is the primary role of a listing agent?
• Which of the following is a common feature of Joint Tenancy?
• What type of contracts are listing and buyer brokerage contracts in Connecticut?
• If a lead inspection comes back positive for elevated lead levels, is the seller obligated to remove the lead?
• What might be an outcome if a property is found to have lead paint hazards?
• Which of the following actions constitutes a breach of contract in real estate dealings?
• In Connecticut, funds received by a broker on behalf of a client must be deposited in an escrow or trust account within how many banking days?
• If an agent is disloyal to the principal, what can the principal do?
• How many members are there on the Connecticut Real Estate Commission?
• What does the acronym "REALTOR" signify in the context of real estate?
• What is a "property lien"?
• Who is responsible for the liability incurred by a salesperson while performing real estate brokerage activities?
• What type of agency allows real estate agents to represent both the buyer and seller?
• In real estate transactions, what does “escrow” most commonly refer to?
• The conveyance tax in Connecticut is based on what aspect of the property sale?
• Which activity is NOT considered engaging in the real estate business?
• In Connecticut, how may joint ownership in real estate be partitioned?
• What is essential for maintaining client confidentiality in an Agency Relationship?
• If you work as a residential on-site property custodian, which statement is true regarding licensing?
• What is the primary function of the Multiple Listing Service (MLS) in real estate?
• What must a real estate agent disclose if they are acting as a dual agent?
• How are members of the Connecticut Real Estate Commission compensated for their services?
• What is a cloud on title?
• Can a buyer terminate a purchase agreement if the home does not pass inspection?
• How is “market value” generally defined?
• What can result from a complaint against a licensed real estate agent?
• What is the legal term for the total amount owed on a mortgage?
• What is the Connecticut statute regarding lead paint disclosure?
• What does the term “capital gains tax” refer to?
• What is a potential consequence of failing to disclose material facts during a real estate transaction?
• What is the definition of zoning?
• Which properties are governed by the Common Interest Ownership Act?
• What is a real estate option?
• What type of sale involves the lender accepting less than the owed mortgage amount?
• In a tenancy in common, can individuals own different shares of property?
• How do real estate agents typically receive their commission?
• What specific information must be included in a consent form involving subagents?
• What does Designated Agency allow for?
• Which scenario illustrates a conflict of interest in real estate?
• What must salespersons ensure they communicate with clients?
• Which element is essential for every enforceable real estate contract?
• What is the primary function of condominium resale disclosure documents?
• Which of the following is NOT a protected class under the Fair Housing Act in Connecticut?
• Which of the following best describes a commission in real estate?
• In the context of real estate, the broker affiliated with a salesperson is known as what?
• What is the most common type of real estate ownership in Connecticut?
• What is required for the chairman of the Connecticut Real Estate Commission?
• What type of tax is the real property tax in Connecticut?
• Who holds potential vicarious liability in subagency relationships?
• What can an unlicensed assistant in real estate legally do?
• How is property assessed for taxation purposes in Connecticut?
• What is the statute of limitations for bringing a lawsuit regarding a real estate contract in Connecticut?
• What is an "Exclusive Right to Sell" agreement?
• When is an agent considered a dual agent?
• For what reasons can an offer to buy real estate be legally rejected?
• What must happen to all funds received by a real estate broker belonging to a client?
• How many days does a buyer have to cancel a purchase contract after receiving resale documents?
• What are the essential requirements for a valid real estate contract in Connecticut?
• What role does local municipalities play concerning real property taxes?
• Which type of deed provides the highest level of protection to the grantee?
• How can a real estate broker terminate a listing agreement?
• What is NOT a responsibility of a Real Estate Salesperson?
• Which entity resolves questions about boundaries in Connecticut?
• On what basis must property values be assessed according to state requirements?
• What type of ownership is characterized by co-ownership with no rights to survivorship?
• What does the term "under contract" signify in real estate?
• What is the primary purpose of conducting a title search?
• Which of the following actions by an agent is mandatory?
• What is the aim of the Connecticut Fair Housing Act?
• What type of ownership provides rights of survivorship and is common among spouses in many states?
• What describes the maximum fee for resale documents related to a condo unit?
• What constitutes a material fact in real estate?
• Can a real estate agent serve as a transaction broker in Connecticut?
• What information can a purchaser or tenant request in writing to know about a property?
• What is NOT required in a saleswoman's email under licensing law?
• How many members of the Connecticut Real Estate Commission must be affiliated with the real estate business?
• How many members make up the Connecticut Real Estate Commission?
• What is the legal term for the right to use another person's land for a specific purpose?
• Before closing a property sale, what document must a seller provide to the buyer?
• Which activity is NOT allowed for an unlicensed assistant?
• In the event of agent disloyalty, which option is NOT available to the principal?
• Which professional is EXEMPT from the real estate licensing requirement?
• Under Connecticut law, what must a real estate broker do regarding commission?
• How many hours of continuing education are required for license renewal in Connecticut?
• Which form of ownership is not recognized under Connecticut law?
• Which of the following is allowed for unlicensed assistants in real estate?
• Who is eligible to receive compensation from the Real Estate Guaranty Fund?
• What is an example of an encumbrance on a property?
• What type of examination must candidates pass to obtain a real estate license in Connecticut?
• What defines an Agency Agreement?
• In a real estate transaction, what does the term "escrow" refer to?
• According to the Electronic Signature Act, which document cannot be signed electronically?
• What is the role of the closing attorney in a real estate transaction?
• Which term describes the difference between the market value of a property and the amount owed on that property?
• What is the legal process initiated by a landlord to remove a tenant in Connecticut?
• Which document is used to transfer ownership of real property?
• What is the purpose of a closing statement in a real estate transaction?
• When a broker works with a person but does not represent them, that person is referred to as what?
• What must be included on a broker's website according to licensing law?
• Which of the following is NOT a requirement for property transfer in Connecticut?
• What type of agreements are made with sellers in real estate?
• Under what circumstances are lead inspections required?
• In Connecticut, who is primarily responsible for assessing property values for taxation?
• Which of the following describes the concept of ‘consideration’ in a real estate contract?
• Recording documents affecting title provides what type of notice?
• What does dual agency refer to in real estate?
• Under what circumstance can a real estate commission be shared with another broker?
• What is the maximum duration for tax liens to be valid according to Connecticut statutes?
• In what situation must an agent document a refusal of a disclosure form?
• Can a broker for the seller represent a non-represented potential buyer?
• What information is typically included in an escrow agreement?
• Which type of co-ownership allows for rights to survivorship?
• What is a requirement for Duel Agency?
• What type of notice is created when a document affecting title is recorded?
• What is expected from a Real Estate Broker?
• Which of the following actions would constitute a breach of duty by a real estate agent?
• What typically happens to a listing agreement once the property is sold?
• What is considered a material fact in real estate transactions in Connecticut?
• What is the initial salespersons license fee in Connecticut?
• What does the term ‘fee simple’ signify in real estate ownership?
• What is one activity an unlicensed assistant is allowed to do in real estate?
• What is a home inspection?
• In what situation might an agent act as a dual agent?
• What type of agreements are made with buyers in real estate?
• In which situation would a lease be considered legally unenforceable?
• Which activity is prohibited for unlicensed assistants in real estate?
• Which of the following is NOT required for a deed to be valid in Connecticut?
• In Connecticut, when must a buyer receive the Property Condition Disclosure Report?
• When must property condition disclosure reports be delivered to the buyer?
• What is required for real estate contracts to be enforceable?
• What is the significance of conducting a survey in real estate?
• What is the length of time a real estate candidate must complete their pre-licensing education in Connecticut?
• What is the primary purpose of the Connecticut Real Estate Commission?
• Which of the following is a fiduciary duty that brokers owe to their clients?
• What does it indicate if a property is described as "encumbered"?
• What is a requirement for being a member of the Connecticut Real Estate Commission?
• What could be a consequence of misrepresentation in real estate transactions?
• What is a critical duty of a licensee regarding material facts?
• What is the minimum age requirement to obtain a real estate license in Connecticut?
• What duty does a broker owe to a customer?