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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 EstateLicensing Exam:STATE CONTENT

Katherine A. Pancak, University of Connecticut

Connecticut Real Estate Instructors Seminar, March 30, 2007


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Number of Questions – State Portion

  • Salespersons Exam

    • 30 questions

    • plus 5 pretest questions

  • Broker Exam

    • 40 questions

    • plus 5 pretest questions


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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)


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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


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Connecticut Laws Governing the Activities of Licensees Requirements

  • 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


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Connecticut Real Estate Agency Requirements

  • 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


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Connecticut-Specific Real Estate Principles and Practices Requirements

  • 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


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For Brokers Exam Only Requirements

  • 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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