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 –plus 5 pretest questions

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)

Connecticut Real Estate Commission and Licensing Requirements Real Estate Commission Powers and Duties –Sec a, b, e, f; Sec a, c; Sec Activities Requiring a License –Sec ; Sec Exemptions from Licensure –Sec ; Sec c; Sec License Types and Qualifications –Sec ; Sec License Renewal, Continuing Education, and Transfer –Sec ; Sec ; Sec a; Sec a Real Estate Guaranty Fund –Sec a, e License Suspension and Revocation –Sec

Connecticut Laws Governing the Activities of Licensees Broker/Salesperson Relationship –Sec ; Sec a, b; CREC Policy on Agency Overview (3) Duties to Parties –Sec a Handling of Deposits and Other Monies –Sec f; Sec a Misrepresentation –Sec a Disclosure of Nonmaterial Facts –Sec cc, ee Advertising –Sec a Commissions and Compensation –Sec a; Sec a Unlicensed Personal Assistants –CREC Policy on Use of Unlicensed Persons by Licensees

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

Connecticut-Specific Real Estate Principles and Practices Connecticut-Specific Property Ownership and Transfer Issues Co-ownership Forms and Shares –Sec a, g Adverse Possession/Prescriptive Easement Time –Sec Land Records and Recording –Sec ; Sec Real Property Taxes and Assessments –Sec ; Sec ; Sec g, r, bb Conveyance Tax –Sec Residential Property Condition Disclosure –Sec b, c Connecticut Landlord-Tenant Act –Sec. 47a-7; Sec. 47a-11; Sec. 47a-21 Connecticut Common Interest Ownership Act –Sec ; Sec ; Sec Connecticut Fair Housing Law –Sec. 46a-64c Connecticut Lead Paint Laws –Sec. 19a of The Department of Health Services Regulations Connecticut Disclosure of Of-Site Conditions Law –Sec f Connecticut Uniform Electronic Transactions Act –Sec ; Sec ; Sec

For Brokers Exam Only Record keeping –Public Act Escrow accounts –Sec f; Sec k Brokers Lien –Sec a Notice of Commission rights in commercial transactions –Sec k Cooperation with out-of-state brokers –Sec l Interstate land sales –Sec b, h; Sec b-f Mortgage brokerage fees charged by brokers –Sec c Real properties securities / syndication –Sec q; Sec ; Sec