Free Connecticut Real Estate Practice Exam

Q1.Under the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA), which party could be held liable for environmental cleanup costs at a contaminated property?

• A.Only the party that originally caused the contamination
• B.Only parties who were aware of the contamination at the time of purchase
• C.Only commercial property owners, not residential owners
• D.The current property owner, even if they did not cause the contamination

Q2.A real estate agent refuses to show homes in certain neighborhoods to minority clients, claiming those areas 'wouldn't be a good fit.' This practice is known as:

• A.Steering
• B.Redlining
• C.Blockbusting
• D.Price fixing

Q3.A buyer is using FHA financing. Which statement correctly describes an important FHA-specific requirement that can affect the purchase contract?

• A.FHA loans do not require an appraisal; conventional loans always do
• B.FHA loans have no loan limits; conventional loans are capped
• C.FHA loans consistently close faster than conventional loans
• D.FHA loans require the property to meet HUD minimum property standards, which may require seller repairs before closing

Q4.Under Connecticut law, which of the following is TRUE regarding a real estate listing agreement?

• A.A listing agreement may be oral if both parties verbally agree to the commission rate
• B.A listing agreement must be in writing and signed by the seller to be enforceable
• C.A salesperson may enter into a listing agreement in their own name
• D.An exclusive right-to-sell listing automatically renews unless cancelled in writing

Q5.Under Connecticut General Statutes § 20-324n, a broker who is operating a branch office must ensure which of the following?

• A.The branch office is under the direct supervision of a licensed Connecticut real estate broker who is designated as the branch manager.
• B.The branch office files its own independent license application directly with CREC, separate from the principal broker's license.
• C.All branch office salespersons must hold broker licenses within two years of the branch's opening.
• D.The branch office maintains its own independent escrow account separate from all other accounts held by the principal brokerage.

Q6.Under the Connecticut Common Interest Ownership Act (CIOA), which of the following correctly describes the developer's public offering statement obligations when selling units in a newly created condominium?

• A.The developer must deliver the public offering statement to the purchaser at or before the time of contract signing, and the purchaser has a five-day right to cancel
• B.The developer must deliver the public offering statement only if the condominium has more than 12 units
• C.The developer may deliver the public offering statement up to 10 days after contract execution without triggering a cancellation right
• D.The public offering statement is required only for condominiums where the developer retains more than 25% of the units

Q7.A Connecticut real estate salesperson license candidate has completed the required pre-licensing education. Under Chapter 392 and Connecticut Real Estate Commission rules, which statement BEST describes the current pre-licensing education requirement for a salesperson applicant?

• A.Completion of a 40-hour Commission-approved pre-licensing course is required before sitting for the PSI examination
• B.Completion of a 60-hour Commission-approved pre-licensing course is required before sitting for the PSI examination
• C.No pre-licensing education is mandated; the applicant need only pass the PSI examination
• D.Completion of a 45-hour course approved by the Department of Consumer Protection is required before applying for the license

Q8.A Connecticut real estate salesperson working for ABC Realty represents the seller of a property. A buyer who is not represented by any agent approaches the salesperson directly and asks for help purchasing the property. Under Connecticut General Statutes Chapter 392, which of the following BEST describes the salesperson's relationship with the unrepresented buyer?

• A.The salesperson automatically becomes a dual agent because they are assisting both parties
• B.The salesperson owes the buyer full fiduciary duties because the buyer has no other representation
• C.The salesperson remains a seller's agent and owes the buyer only the duties owed to a customer, not a client
• D.The salesperson must refer the buyer to another brokerage before proceeding

Q9.A Connecticut broker is supervising a transaction involving a pre-1978 home. Under the EPA/HUD Lead-Based Paint Disclosure Rule, the seller's broker must ensure the seller provides buyers with which of the following BEFORE the buyer is obligated under the contract?

• A.A certified lead inspection report completed by a state-licensed inspector
• B.The EPA-approved lead hazard information pamphlet and disclosure of any known lead-based paint hazards
• C.Written confirmation that all lead-based paint has been remediated to federal standards
• D.A ten-business-day mandatory abatement period prior to contract execution

Q10.Under Connecticut law, the state conveyance tax rate applicable to the transfer of a residential property differs based on the consideration paid. Which of the following statements accurately reflects Connecticut's tiered state conveyance tax structure for residential property?

• A.The state conveyance tax rate is a flat percentage applied uniformly to the entire sales price regardless of amount
• B.The state conveyance tax applies a lower rate to the portion of consideration up to a specified threshold and a higher rate to the portion exceeding that threshold
• C.Connecticut imposes no state conveyance tax on residential transfers; only the municipal conveyance tax applies
• D.The state conveyance tax is assessed only on commercial property transfers; residential transfers are fully exempt

Q11.Under the Fair Housing Act, which of the following is considered familial status discrimination?

• A.Charging a higher security deposit for families with pets
• B.Requiring co-signers for applicants under 25 years old
• C.Refusing to rent to a family with children under 18
• D.Limiting rentals to graduate students only

Q12.In Connecticut, a real estate broker is required to maintain a place of business. Which of the following is TRUE about this requirement?

• A.A broker may operate exclusively from a home office without any disclosure to the Commission
• B.A broker must maintain a definite place of business in Connecticut and notify the Commission of its location
• C.A salesperson's home address may serve as the official brokerage office address
• D.A broker operating in multiple states does not need a Connecticut office location

Q13.Under the Fair Housing Act, which of the following lease provisions would be considered discriminatory and therefore illegal?

• A.A clause requiring all tenants to maintain renter's insurance
• B.A clause requiring a security deposit equal to one month's rent
• C.A provision requiring 30 days written notice before lease termination
• D.A provision stating 'no children under 12 allowed in this adult community'

Q14.A Connecticut managing broker is explaining RESPA Section 8 to her team. Under the Real Estate Settlement Procedures Act, which of the following activities is expressly PROHIBITED?

• A.Paying a referral fee to a licensed real estate broker in another state for referring a buyer
• B.Accepting an unearned fee or kickback in exchange for the referral of settlement service business
• C.Charging a buyer a reasonable administrative fee for coordinating the closing process
• D.Receiving a marketing service agreement payment that is commensurate with services actually rendered

Q15.A real estate agent represents a seller and discovers that the property has a known structural defect that could affect its value. The seller instructs the agent not to disclose this information to potential buyers. What should the agent do?

• A.Disclose the material defect as required by law
• B.Follow the seller's instructions to maintain client loyalty
• C.Disclose the defect only if directly asked by a buyer
• D.Withdraw from the listing without explanation