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Connecticut Real Estate Licensing Exam: STATE CONTENT

Connecticut Real Estate Licensing Exam: STATE CONTENT. Katherine A. Pancak, University of Connecticut Connecticut Real Estate Instructors Seminar, March 30, 2007. Number of Questions – State Portion. Salespersons Exam 30 questions plus 5 pretest questions Broker Exam 40 questions

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Connecticut Real Estate Licensing Exam: STATE CONTENT

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  1. Connecticut Real EstateLicensing Exam:STATE CONTENT Katherine A. Pancak, University of Connecticut Connecticut Real Estate Instructors Seminar, March 30, 2007

  2. Number of Questions – State Portion • Salespersons Exam • 30 questions • plus 5 pretest questions • Broker Exam • 40 questions • plus 5 pretest questions

  3. Overview – State Content Outline • Connecticut Real Estate Commission and Licensing Requirements • (Sales 5 questions; Broker 5 questions) • Connecticut Laws Governing the Activities of Licensees • (Sales 10 questions; Broker 11 questions) • Connecticut Real Estate Agency • (Sales 8 questions; Broker 9 questions) • Connecticut-Specific Real Estate Principles and Practices • (Sales 7 questions, Broker 7 questions) • For Brokers Exam Only • (Broker 8 questions)

  4. Connecticut Real Estate Commission and Licensing Requirements • Real Estate Commission Powers and Duties • Sec. 20-311a, b, e, f; Sec. 20-314a, c; Sec. 20-326 • Activities Requiring a License • Sec. 20-311; Sec. 20-312 • Exemptions from Licensure • Sec. 20-311; Sec. 20-314c; Sec. 20-329 • License Types and Qualifications • Sec. 20-314; Sec. 20-316 • License Renewal, Continuing Education, and Transfer • Sec. 20-314; Sec. 20-319; Sec.20-319a; Sec. 20-328-10a • Real Estate Guaranty Fund • Sec. 20-324a, e • License Suspension and Revocation • Sec. 20-320

  5. Connecticut Laws Governing the Activities of Licensees • Broker/Salesperson Relationship • Sec. 20-311; Sec. 20-312a, b; CREC Policy on Agency Overview (3) • Duties to Parties • Sec. 20-328-2a • Handling of Deposits and Other Monies • Sec. 8-365f; Sec. 20-328-7a • Misrepresentation • Sec. 20-328-5a • Disclosure of Nonmaterial Facts • Sec.20-329cc, ee • Advertising • Sec. 20-328-5a • Commissions and Compensation • Sec. 20-325a; Sec. 20-328-8a • Unlicensed Personal Assistants • CREC Policy on Use of Unlicensed Persons by Licensees

  6. Connecticut Real Estate Agency • Agency: Representing a Client vs. Working with a Customer • CREC Policy on Agency (5) • Agency Agreements • Sec. 20-328-6a; CREC Policy on Agency (5) • Agency Disclosure • Sec. 20-325d-2, 5, 7 • Subagency Limitations • Sec. 20-325f • Dual Agency • Sec. 20-325g; CREC Policy on Agency (8) • Designated Agency • Sec. 20-325i, j; CREC Policy on Agency (12) • Confidential Information • Sec. 20-325h • Interference with Agency Relationships • Sec. 20-328-9a; CREC Policy on Referral Fees and Interfering with Agency Relationships

  7. Connecticut-Specific Real Estate Principles and Practices • Connecticut-SpecificProperty Ownership and Transfer Issues • Co-ownership Forms and Shares • Sec. 47-14a, g • Adverse Possession/Prescriptive Easement Time • Sec.47-37 • Land Records and Recording • Sec. 47-10; Sec. 47-12 • Real Property Taxes and Assessments • Sec. 12-62; Sec. 12-81; Sec. 12-81g, r, bb • Conveyance Tax • Sec. 12-494 • Residential Property Condition Disclosure • Sec. 20-327b, c • Connecticut Landlord-Tenant Act • Sec. 47a-7; Sec. 47a-11; Sec. 47a-21 • Connecticut Common Interest Ownership Act • Sec. 47-202; Sec. 47-224; Sec. 47-270 • Connecticut Fair Housing Law • Sec. 46a-64c • Connecticut Lead Paint Laws • Sec. 19a.-111-3 of The Department of Health Services Regulations • Connecticut Disclosure of Of-Site Conditions Law • Sec. 20-327f • Connecticut Uniform Electronic Transactions Act • Sec. 1-267; Sec. 1-268; Sec. 1-280

  8. For Brokers Exam Only • Record keeping • Public Act 06-12 • Escrow accounts • Sec. 8-265f; Sec. 20-324k • Brokers Lien • Sec. 20-325a • Notice of Commission rights in commercial transactions • Sec. 20-325k • Cooperation with out-of-state brokers • Sec. 20-325l • Interstate land sales • Sec. 20-329b, h; Sec. 20-329b-f • Mortgage brokerage fees charged by brokers • Sec. 20-325c • Real properties securities / syndication • Sec. 20-329q; Sec. 47-92; Sec. 47-99

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