Ct real estate exam

RE CT Chapter 1 Exam Questions and Answers 100% Pass £9.14 CT Real Estate CT Real Estate Exam (elaborations) Module CT Real Estate Institution CT Real Estate RE CT Chapter 1 Exam Questions andAnswers 100% PassIn Connecticut, what are the two categories of real estate licenses?a. Single agents and dual agentsb. Clients and customersc. Brokers and salespersonsd. Brokers and agents - Brokers and salespersonsIn order to obtain a license as a s... [Show more] Preview 2 out of 5 pages Preview 2 out of 5 pages Add to cart Uploaded on February 2, 2025 Number of pages 5 Written in 2024/2025 Type Exam (elaborations) Contains Questions & answers Subjects re ct chapter 1 exam questions and answers 100 pa Institution CT Real Estate Module CT Real Estate BrittieDonald Member since 1 year 280 documents sold Reviews received Send Message RE CT Chapter 1 Exam Questions andAnswers 100% PassIn Connecticut, what are the two categories of real estate licenses?a. Single agents and dual agentsb. Clients and customersc. Brokers and salespersonsd. Brokers and agents - ✔✔Brokers and salespersonsIn order to obtain a license as a salesperson, a person musta. be affiliated with a designated broker who will be responsible for the salespersonwhile the salesperson is performing real estate brokerage activities.b. hire unlicensed persons to assist him.c. list or attempt to list property for sale.d. perform brokerage activities. - ✔✔a. be affiliated with a designated broker who willbe responsible for the salesperson while the salesperson is performing real estatebrokerage activities.Brittie Donald, All Rights Reserved © 2025 1, A licensed real estate salesperson is typically considereda. a broker.b. an independent contractor of a broker.c. an employee of a broker.d. an unlicensed assistant. - ✔✔an independent contractor of a broker.Ann, Ben, and Cal have formed a real estate brokerage business named ABC Realty.Ann, Ben, and Cal all have their real estate licenses. Does ABC Realty also need toobtain a broker's license?a. Yes, any legal entities engaged in the real estate business must obtain a broker'slicense.b. Yes, if neither Ann, Ben, nor Cal have a broker's license.c. No, only individual owners of a legal entity need to be licensed.d. No, legal entities cannot obtain a real estate broker's license. - ✔✔Yes, any legalentities engaged in the real estate business must obtain a broker's license.If a broker wishes to collect compensation from a potential buyer, the broker must havea. showed the buyer the real estate that the buyer intends to purchase.b. shaken hands with the buyer and verbally agreed to an agency relationship.Brittie Donald, All Rights Reserved © 2025 2 The benefits of buying summaries with Stuvia: Guaranteed quality through customer reviews Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are

Exam (elaborations) Course CT Real Estate Institution CT Real Estate Ct Real Estate Terms Exam Questions and Answers [Show more] Preview 3 out of 25 pages Uploaded on January 16, 2025 Number of pages 25 Written in 2024/2025 Type Exam (elaborations) Contains Questions & answers Subjects ct real estate terms exam questions and answers Institution CT Real Estate Course CT Real Estate Reviews received Send Message Ct Real Estate Terms Exam Questionsand AnswersAbstract of Title - Correct Answers -The condensed history of a title to a particularparcel of real estate, consisting of a summary of the original grant and all subsequentconveyances and encumbrances affecting the property and a certification by theabstractor that the history is complete and accurate.Accelerated Cost Recovery System (ACRS) - Correct Answers -Method for claiming taxdeductions for certain property purchased before 1987 in which it was possible to claimgreater deductions in the early years of ownership, gradually reducing the amountdeducted in each year of useful life.Acceleration Clause - Correct Answers -The clause in a mortgage or deed of trust thatcan be enforced to make the entire debt due immediately if the borrower defaults on aninstallment payment or other obligation.Grantee - Correct Answers -A person who receives a conveyance of real property froma grantor.Granting Clause - Correct Answers -Words in a deed of conveyance that state thegrantor's intention to convey the property at the present time. This clause is generallyworded as "convey and warrant"; "grant"; "grant, bargain, and sell"; or the like.Grantor - Correct Answers -The owner transferring title to or an interest in real propertyto a grantee.Gross Income Multiplier - Correct Answers -A figure used as a multiplier of the grossannual income of a property to produce an estimate of the property's value.Gross Lease - Correct Answers -A lease of property according to which a landlord paysall

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Connecticut law Exam Questions and Answers £9.56 Connecticut Real Estate Connecticut Real Estate Exam (elaborations) Module Connecticut Real Estate Institution Connecticut Real Estate Connecticut law Exam Questions and Answers [Show more] Preview 2 out of 9 pages Preview 2 out of 9 pages Add to cart Uploaded on January 15, 2025 Number of pages 9 Written in 2024/2025 Type Exam (elaborations) Contains Questions & answers Subjects connecticut law exam questions and answers Institution Connecticut Real Estate Module Connecticut Real Estate millyphilip Member since 3 year 2441 documents sold Reviews received Send Message Connecticut law Exam Questions andAnswersIn CT, what are the two typs of real estate licenses?a. single agent and dual agentb. client and customerc. broker and salespersond. broker and agent - Correct Answers -cIn order to obtain a license as a salesperson, a person musta. be affiliated with a designated broker who will be responsible for the salespersonwhile the salesperson is performing real estate brokerage activitiesb. hire unlicensed persons to assist himc. list or attempt to list property for saled. perform brokerage activities - Correct Answers -aA licensed real estate salesperson is typically considereda. a brokerb. an independent contractor of a brokerc. an employee of a brokerd. an unlicensed assistant - Correct Answers –ba document describes a piece of real state as 123 Nutmeg Road, Hartford. What type ofdescription is this?a. an informal street addressb. a metes-and-bounds descriptionc. a legal descriptiond. an illegal description - Correct Answers -aa metes-and-bounds description describes the real estate'sa. addressb. topographyc. boundariesd. acreage - Correct Answers -cWhen describing a real estate loot in a subdivision, a legal description will often refer toa. original zoning map, b original subdivision mapc. original selling priced. rectangular survey township - Correct Answers -bcan a legal description refer to one of the boundaries as a public record?a. yes, a boundary description may be a public recordb. no, a reference to a road would make it an informal rather than a formal descriptionc. No, a boundary must be defined by the direction and distanced. no, a boundary mustcontain a plane coordinate - Correct Answers -aIn CT, too move boundary markers set by a surveyor isa. usefulb. necessaryc. lawfuld. illegal - Correct Answers -dAnn, Ben, and Cal have formed a real estate brokerage business named ABC Realty.Ann, Ben, and Cal all have their real estate licenses. Does ABC Realty also need toobtain a broker's license?a. Yes, any legal entities engaged in