Study guides, Class notes & Summaries

Ct Real Estate Practice exam general Questions and Answers 100% Pass Two lots of the same size are sold on a street. The lot on the corner sells for $20,000 more than the lot in the middle of the street. Which of the following characteristics MOST likely explains the price difference? - Answer️️ -Situs How does a creditor who has obtained a judgment get satisfaction against a debtor who will not pay? - Answer️️ -Writ of execution What type of map is MOST useful for describing the ...

RE Salesperson Exam - CT State Portion | 60-Hour In Class Final Exam Questions and Answers Sub Agency - Answer️️ -A. is the preferred way of doing business in CT B. can be conducted with the informed written consent of the person the broker represents C. Can be conducted with the verbal consent of all parties D. Creates no vicarious liability for any party in the transaction Dual Agency - Answer️️ -A. is the preferred way of dong business in CT B. Has to be disclosed to the first...

CT Real Estate Licensing Practice Exam Questions and Answers A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker. This listing was MOST likely: 1. an exclusive agency listing. 2. an exclusive right to sell listing. 3. a net listing. 4. an advance fee listing. - Answer️️ -1. an exclusive agency listing. A contract has been drawn which obliges the sellers to convey title...

CT Real Estate Exam Questions and Answers 100% Pass A person engaging in real estate activities for another and for a fee must hold a valid a. agent's license. b. broker's license. c. salesperson's license. d. broker's or salesperson's license. - Answer️️ -b. broker's license. A licensed real estate salesperson must be a. affiliated with a licensed real estate broker. b. an employee of a licensed real estate broker. c. an independent contractor. d. willing to enter into agen...

CT Real Estate Exam Questions and Answers One who acts as an intermediary between two or more people in negotiating the sale, purchase, or rental of property - Answer️️ -Broker Employed by or associated with the broker. Conducts brokerage activities on behalf of the broker. - Answer️️ -Salesperson 6 Types of Real Property - Answer️️ -Residential, commercial, mixed-use, industrial, agricultural, special-purpose The earth's surface, extending downward to the center of the earth...

CT Real Estate Salesperson Exam Questions and Answers Land and everything attached to it along with the property rights of that land; interests, benefits, and rights - Answer️️ -Real Property movable objects (chattels) that don't fit into real property; conveyed in bill of sale - Answer️️ -Personal Property An item of personal property that has been converted to real property by being permanently affixed to the realty. Can be attached or annexed. Can be detached through severanc...

Connecticut Real Estate Practice and Law Quiz Questions with 100% Correct Solutions Buyer brokerage contracts in Connecticut a. must be in writing to be enforceable b. must be on specific forms c. are not regulated under the license laws d. are illegal - Answer️️ -a. must be in writing to be enforceable In Connecticut, real estate commission and compensation are a. set by law b. set by the Real Estate Commission c. determined by local groups of brokers d. negotiable between the se...

CT real estate Exam Questions and Answers 100% Pass What characteristics of land have the most impact on market value - Answer️️ - Uniqueness and immobility How does a landlord acquire fixtures left by a tenant after lease expires - Answer️️ - Permanence A person engaging in real estate activities for another and for a fee must hold of valid - Answer️️ -Brokers license Under Connecticut licensing law, a limited liability company will be granted a brokers license only if - An...

CT Real Estate: Chapters 1-10 Practice Exam Questions and Answers 1. A bill of sale is used to transfer the ownership of a. real property. b. fixtures. c. appurtenances. d. personal property. - Answer️️ -d. personal property. 2. The use of borrowed money to finance a purchase with a relatively small down payment is called a. an encroachment. b. leverage. c. capital gain. d. appreciation. - Answer️️ -b. leverage. 3. A real estate licensee helps both buyers and sellers with pa...

CT STATE EXAM QUETSIONS AND ANSWERS 100% 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 - Answer️️ -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, ...