1. John wants to become a broker in Connecticut. Before he can receive his broker license, he must take a course in:
A. Fair Housing
C. Appraisal
CORRECT!
2. Dave owes a lot of money. He is being sued by
lots of creditors. The main ones are
his 1st Mortgagee bank for $125,000 (a lien against his home,) his 2nd
Mortgagee bank for $75,000 (also a lien against his home) and a group of
general creditors who have sued and attached his home for a total of
$50,000. His home is worth $280,000. Dave’s 1st Mortgagee bank files a
foreclosure action against the home. If
the home sells for $200,000 at the foreclosure sale, how much can the 1st
Mortgagee bank receive?
A. $125,000
B. $75,000
C. $50,000
CORRECT!
3. Bob married Judy. Later, Bob created a will
that gave Clarise all of his property. Bob dies while still married to Judy.
Judy decided to use the widow’s election. What will she get from Bob’s estate?
A. Nothing
B. One-third of Bob’s estate assets
C. The life use of Bob’s estate assets
CORRECT!
4. Which of the following documents are normally
recorded in Connecticut?
CORRECT!
5. Three persons own a parcel of property in Connecticut. They are joint tenants. They
A. Must own the property in equal shares.
B. Each own an interest which is still subject to the
Widow’s Election of their respective spouse.
C. Each own a share with rights of survivorship in the other shares.
D. Are not allowed to sell the interest of one without the
consent of the others
CORRECT!
6. The total conveyance tax on a business’s
property that sells for $125,000 is:
A. $110
B. $1,387.50
C. $137.50
D. $762.50
CORRECT!
7. A homeowner in Bankruptcy may exempt how much
equity in the home from the debt owed a general unsecured creditor:
A. $10,000
B. $75,000
C. $250,000
CORRECT!
8. The Real Estate Guaranty Fund is funded by
A. $3 from each initial applicant for a real
estate license
B. $20 out of each real estate license
renewal fee
C. Fines and penalties paid by home
inspectors
CORRECT!
9. The amount the Real Estate Guaranty Fund will pay to a claimant is
A. A maximum of $25,000 per single transaction
B. A maximum of $25,000 for each licensee
involved in the transaction
C. $25,000 but less if the Fund uses all of
its available monies
CORRECT!
10. Chucky is a 19 year-old male who has no job. In
fact, he has never even bother to get a social security number and has never
needed one. He wants to rent an
apartment to a kindly lady named Edna.
Chucky seems nice enough, but Edna requires references and proof of
employment for all of her tenants.
Chucky has lots of references, but he has never had a job. However, he
agrees to pay Edna in cash (small bills) for the total rent for the entire term
of the lease, in advance, before moving in. Edna says no. No job. No lease.
That’s her rule. Edna
A. Has not violated any state law.
B. Has violated Connecticut Fair Housing laws
C. Has violated Federal Fair Housing Laws
D. Has violated the Civil Rights Act of 1866.
CORRECT!
11. A mechanic’s lien
A. Must be foreclosed upon within one year of
the date it was recorded
B. Must be foreclosed upon within one year of the date
work ceased
C. Must be recorded 90 days from the date
work started
CORRECT!
12. A warranty deed consists of three pages of text
plus a one-page description of the property. The recording fees for the deed
are:
A. $23
B. $20
C. $33
D. $28
CORRECT!
13. John is the licensed designated broker for
Uphill Real Estate Agency. Joe, one of
his salespersons, represents a buyer that wants to make an offer on a house listed
by one of John’s other salespersons, Jill.
John is concerned about ethics and appearances, so he decides to appoint
Joe and Jill as Designated Agents for their respective clients. Which of the
following is NOT true:
C. Joe and Jill are not dual agents
D. Connecticut law allows John to appoint
designated agents in this situation.
CORRECT!
14. The Connecticut Department of Environmental
Protection has the authority to:
A. Require that all private residential water
wells be tested upon sale of the premises.
B. Require residential water wells be tested
only upon reasonable suspicion of contamination.
C. Require that private water wells be free
of certain contaminants.
CORRECT!
15. Connecticut law allows a landlord to:
A. Discriminate on the basis of race for an
owner-occupied duplex with one unit rented out.
B. Refuse to rent to anyone a landlord does
not trust.
C. Refuse to rent to an unmarried, unrelated man
and woman who live together.
CONGRATULATIONS!
YOU FINISHED ANOTHER ONE! Special
Thanks to Bob Mercer of the New England School of Real Estate for writing
the Connecticut Law Quiz and Explanations.
Find a few more questions on Connecticut Law on the Search By State
pages at RealtyComplete.com.