Free Connecticut Real Estate Practice Exam

Q1.Connecticut agency law recognizes 'designated agency,' where a broker designates one affiliated licensee to represent the seller and a different affiliated licensee to represent the buyer in the same transaction. Which of the following is the PRIMARY broker-level obligation when implementing designated agency?

• A.The broker must personally attend all showings to ensure neither designated agent shares confidential client information.
• B.The broker must ensure written disclosure of the designated agency arrangement is provided to both parties and their informed consent is obtained.
• C.The broker must withdraw from the transaction entirely, delegating all oversight to the two designated agents.
• D.The broker must represent neither party once designated agency is established, automatically becoming a transaction broker.

Q2.A Connecticut broker is conducting a trust account audit. Under the federal Truth-in-Lending Act (TILA) implemented by Regulation Z, which disclosure is a creditor REQUIRED to provide to a borrower taking out a residential mortgage?

• A.The loan's Annual Percentage Rate (APR) and total finance charge
• B.The lender's net profit margin on the loan transaction
• C.The complete underwriting criteria used to approve or deny the application
• D.A written comparison of all competing loan products available in the marketplace

Q3.Under the OLDCAR fiduciary duties, which duty requires the agent to place the client's interests above the agent's own financial interests?

• A.Disclosure
• B.Loyalty
• C.Confidentiality
• D.Reasonable care

Q4.Under RESPA, which of the following must be disclosed to borrowers within three business days of loan application?

• A.Good Faith Estimate only
• B.HUD-1 Settlement Statement
• C.Truth-in-Lending disclosure only
• D.Loan Estimate and servicing disclosure statement

Q5.Under CERCLA, which defense would most likely protect a current property owner from Superfund liability for pre-existing contamination?

• A.Proving they conducted a Phase I Environmental Assessment before purchase
• B.Demonstrating they meet all requirements of the innocent landowner defense including appropriate inquiry
• C.Showing the contamination occurred more than 10 years before they purchased
• D.Establishing that cleanup costs exceed the property's current market value

Q6.Under Connecticut General Statutes Chapter 392, a salesperson places an advertisement on social media offering to pay a $500 referral fee to any member of the public who sends the salesperson a buyer who closes on a property. Which statement BEST describes the legality of this arrangement?

• A.It is permissible because referral fees paid to unlicensed individuals are allowed as long as they do not exceed $600.
• B.It is permissible provided the referral fee is disclosed in writing to all parties at closing.
• C.It is prohibited because Connecticut law forbids paying compensation for real estate services to unlicensed individuals, and directing the public to find buyers constitutes a licensed activity.
• D.It is permissible as a marketing incentive as long as the salesperson's supervising broker approves the payment in writing.

Q7.Under CGS § 20-320 and the Connecticut DCP's disciplinary authority over real estate licensees, which of the following acts by a licensed broker would constitute grounds for license suspension or revocation?

• A.The broker advertises a listed property using only the brokerage trade name without the broker's personal name, in compliance with the brokerage's established advertising policy.
• B.The broker, acting as a principal, purchases a listed property from a client without first disclosing in writing to the client that the broker holds a real estate license and has a financial interest in the transaction.
• C.The broker negotiates a commission rate that is lower than the local board's recommended commission schedule as an accommodation to a long-standing client.
• D.The broker refers a buyer client to an affiliated mortgage company after providing the buyer with the required written affiliated business arrangement disclosure under RESPA.

Q8.A Connecticut salesperson wants to advertise a property on their personal social media page. Under Connecticut real estate advertising rules, what must the advertisement include?

• A.The salesperson's personal cell phone number only
• B.The name of the brokerage firm under which the salesperson is licensed
• C.The salesperson's license number and expiration date
• D.The seller's written consent to each individual advertisement

Q9.In a government rectangular survey system, Section 16 in each township is typically:

• A.Designated as school land to support public education funding
• B.Reserved for railroad grants and transportation corridors
• C.Set aside for federal government administrative buildings
• D.Allocated for Native American tribal reservations

Q10.A Connecticut real estate salesperson's license expires and the licensee does not renew it on time. Under Chapter 392, what is the consequence if the salesperson continues to perform real estate activities after the expiration date?

• A.The salesperson may continue working for 30 days after expiration without penalty while the renewal is processed
• B.The salesperson's broker is automatically fined but the salesperson faces no personal liability
• C.Performing real estate activities on an expired license constitutes unlicensed practice, which is a violation of Connecticut law and may result in civil and criminal penalties
• D.The salesperson may continue working provided they disclose the expired status to all clients in writing

Q11.Under Connecticut law, which of the following duties does a seller's agent owe to an unrepresented buyer (a customer) during a real estate transaction?

• A.Undivided loyalty and promotion of the buyer's best financial interests
• B.Confidentiality regarding the seller's motivation to sell quickly
• C.Honest and fair dealing, and disclosure of all known material defects in the property
• D.Negotiating the lowest possible purchase price on the buyer's behalf

Q12.A Connecticut homeowner owns a six-unit residential building and personally shows vacant units to prospective tenants, collects rent, and negotiates lease renewals. Under Chapter 392, this owner:

• A.Must hold a salesperson license because leasing residential units constitutes brokerage
• B.Must hold a broker license because managing more than four units requires a broker's credential
• C.Is exempt from licensure because owners acting on their own behalf regarding their own property are not required to be licensed
• D.Must hold a property manager license issued by the Connecticut Real Estate Commission

Q13.A team lead conditioning referrals and mentorship opportunities on personal social interactions with team members is an example of:

• A.Quid pro quo harassment in an internal professional hierarchy
• B.Hostile environment harassment between co-equal agents
• C.Third-party harassment by a client
• D.Neither — real estate teams are not covered by harassment law

Q14.The Connecticut Fair Housing Act prohibits discrimination in the sale or rental of housing on all of the following bases EXCEPT:

• A.Lawful source of income
• B.Genetic information
• C.Political affiliation
• D.Gender identity or expression

Q15.Under the doctrine of after-acquired title, if a grantor conveys property they do not own and later acquires title to that property, what happens?

• A.The original deed becomes void
• B.Title automatically passes to the original grantee
• C.A new deed must be executed
• D.The grantor retains title permanently