CT Real Estate Licensing Practice Exam / Questions & Expertly Verified Answers, 2025 / 2026.Terms in this set (80) A couple listed their home with a broker. After 2 months, the seller found a buyer, and the sale closed. The seller was not obligated to pay a commission to the broker.This listing was MOST
likely:
- an exclusive agency
- an exclusive right to sell
- a net listing.
- an advance fee listing.
- an exclusive agency listing. 1 / 4
listing.
listing.
A contract has been drawn which obliges the sellers to convey title to their land to the buyers if the buyers come up with $22,000 on or before December 31st.
This is called:
1.a buy-sell agreement.
2.an option contract.
3.an installment contract.
4.a vendor's lien interest.
- an option contract. 2 / 4
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A mentally disabled person who has been declared incompetent by a judge wishes to enter into a contract. Under what conditions can such a person do so?
1.The person must obtainprior written approval by a licensed psychiatrist or psychologist.
2.The person must becapable of understanding the transaction.
3.The person appointedby the court to act for the disabled person must contract on his or her behalf.
4.The person may enter acontract under any conditions, because the law prohibits discrimination against persons with disabilities.
- The person appointed by the court to act for the disabled
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person must contract on his or her behalf.