Connecticut Real Estate Salesperson Exam — All Questions

The municipal portion of the Connecticut real estate conveyance tax is imposed at:

• a.One-tenth of one per cent of the consideration
• b.One-quarter of one per cent of the consideration✓
• c.One-half of one per cent of the consideration
• d.Three-quarters of one per cent of the consideration

The tax applies when consideration equals or exceeds two thousand dollars; the municipal share is one-fourth of one per cent and becomes general revenue of the town. Certain targeted investment communities may add up to another one-fourth of one per cent. Cite: Conn. Gen. Stat. Sec. 12-494(a)(2) and (c).

For a Connecticut listing contract on a building occupied or intended to be occupied by no more than four families, the writing must be signed by:

• a.The listing broker alone, since the broker prepared the document
• b.Any occupant of the property who is over eighteen years of age
• c.A witness and a notary public in addition to the two parties
• d.The owner of the real estate or a duly authorized written agent✓

To sue for a commission the broker needs a written contract signed by the broker and, for a listing on a building of no more than four families, signed by the owner of the real estate or by an agent authorized in a writing executed like a conveyance under Sec. 47-5. Cite: Conn. Gen. Stat. Sec. 20-325a(b)(7).

Every Connecticut written agreement fixing a broker's compensation must carry a conspicuous notice stating that:

• a.The amount or rate of broker compensation is not fixed by law✓
• b.The broker's fee is set by the local multiple listing service
• c.The compensation is regulated by the Department of Consumer Protection
• d.The seller may not renegotiate compensation after the listing begins

The agreement must state, in at least ten point boldface type or otherwise standing out from the surrounding text, that the amount or rate of real estate broker compensation is not fixed by law, is set by each broker individually and may be negotiable. Cite: Conn. Gen. Stat. Sec. 20-325b.

Since July 1, 2026, a person who contracts to orchestrate the sale of a Connecticut home for compensation without taking title must:

• a.Hold an active Connecticut real estate broker's license
• b.Post a twenty-five thousand dollar bond with the department
• c.Hold a real estate wholesaler registration from the department✓
• d.Record the wholesale contract on the town's land records

The new real estate wholesaler chapter requires registration with the Department of Consumer Protection, with a nonrefundable application fee of two hundred eighty-five dollars and a registration valid for up to two years, renewable for successive two-year periods. Cite: Conn. Gen. Stat. Secs. 20-329aaa(7) and 20-329bbb (2026 Supp.).

A Connecticut real estate wholesale contract must give the seller:

• a.A ten-day period to cancel the contract without any penalty
• b.A three-business-day period to review and cancel the contract✓
• c.A right of first refusal if the wholesaler assigns the contract
• d.A guaranteed sale price equal to the town's assessed value

The contract must give the seller three business days to review its terms with an attorney or other advisor and to cancel without reason or penalty, except to return any deposit. It also may not set a closing date more than ninety days after signing unless extended in writing. Cite: Conn. Gen. Stat. Sec. 20-329ccc(a) and (b) (2026 Supp.).