US Real Estate Connecticut Test 1

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Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

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Real Estate — Connecticut Professional (Real Estate, USA) USA — Connecticut State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Connecticut.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Connecticut · Education: Professional (Adult) · Part: Real Estate — Connecticut · Country: USA · Region: USA — Connecticut

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

Which agency licenses agents in Connecticut?

A) IRS

B) Connecticut Real Estate Commission

C) State Bar

D) Medical Board

Question 2

What is a listing agreement?

A) purchase offer

B) deed

C) lease

D) contract to sell a property

Question 3

What is earnest money?

A) tax

B) fee

C) buyer good-faith deposit

D) commission

Question 4

What is a fiduciary duty?

A) loyalty, obedience, care to client

B) dual profit

C) secrecy from client

D) profit first

Question 5

What is dual agency?

A) two brokers

B) one broker representing both sides

C) no representation

D) buyer only

Question 6

What is the Fair Housing Act?

A) tax law

B) bans housing discrimination

C) zoning code

D) building code

Question 7

What classes are protected in housing?

A) race, color, religion, sex, handicap, family, national origin

B) politics

C) age only

D) income

Question 8

What is redlining?

A) mapping

B) illegal denial by neighborhood

C) surveying

D) appraising

Question 9

What is steering?

A) advertising

B) showing homes

C) guiding buyers by race (illegal)

D) negotiating

Question 10

What is a CMA?

A) comparative market analysis

B) inspection

C) appraisal

D) survey

Question 11

What is an appraisal?

A) inspection

B) professional value opinion

C) listing

D) offer

Question 12

What are the three appraisal approaches?

A) list, sell, close

B) sales comparison, cost, income

C) show, stage, sell

D) offer, accept, record

Question 13

What is PITI?

A) principal, interest, taxes, insurance

B) a tax

C) a deed

D) a loan type

Question 14

What is LTV?

A) loan-to-value ratio

B) lease term value

C) land title verification

D) listing traffic volume

Question 15

What is PMI?

A) title insurance

B) property tax

C) insurance for low down payments

D) flood insurance

Question 16

What is escrow?

A) neutral third-party holding

B) commission

C) down payment

D) tax

Question 17

What is a deed?

A) offer

B) loan paper

C) ownership transfer document

D) lease

Question 18

What is a warranty deed?

A) option

B) quitclaim

C) guarantees clear title

D) lease

Question 19

What is a quitclaim deed?

A) transfers whatever interest exists

B) loan

C) lease

D) full warranty

Question 20

What is title insurance?

A) flood policy

B) home warranty

C) protects against title defects

D) life insurance

US Real Estate Connecticut Test 1

Test Complete

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