Connecticut Real Estate Salesperson Exam — All Questions

The principle of contribution states that the value of a component or improvement is measured by:

• a.The raw number of square feet of floor area or land area that the improvement happens to occupy
• b.The owner's personal emotional attachment to and sentimental feelings about that improvement
• c.Its original construction or installation cost in every case, dollar for dollar, with no exception
• d.How much it adds to the overall value of the property, not its cost✓

Under contribution, an improvement is worth the amount it adds to the whole property's market value, which may be more or less than its cost. This principle explains why some renovations do not fully return their expense, a key point in over-improvement analysis.

Under Internal Revenue Code Section 121, a qualifying homeowner may generally EXCLUDE from taxable capital gain:

• a.Up to $250,000 of gain if single, or $500,000 if married filing jointly✓
• b.Up to a full one million dollars of gain on any property at all, at any time and any frequency
• c.All gain on any and every investment or rental property the taxpayer happens to own and sell
• d.Absolutely nothing, because gain on the sale of a home is always fully and entirely taxable

Section 121 lets homeowners who owned and used the home as their principal residence for at least two of the prior five years exclude up to $250,000 of gain (single) or $500,000 (married filing jointly). It applies to a primary residence, not to investment property.

Depreciation recapture on the sale of investment real estate means that:

• a.All of the depreciation deductions previously claimed are simply refunded to the investor in cash
• b.The investor is legally required to physically restore and rebuild the depreciated building itself
• c.Gain from prior depreciation may be taxed, often at a special rate✓
• d.No income tax is ever owed at all on the sale of a property that has previously been depreciated

When depreciated property is sold at a gain, the portion of gain due to depreciation deductions is 'recaptured' and taxed under special rules, reflecting the earlier tax benefit. It is a tax concept, not a requirement to rebuild, and it increases, not eliminates, tax on sale.

Which appraisal approach is generally MOST reliable for a special-purpose property, such as a church or public school, that rarely sells and earns no market income?

• a.The sales comparison approach, which depends on recent sales of similar comparable properties
• b.The income approach, which converts a property's market rental income into an indicated value
• c.The gross rent multiplier method, which relies on typical market rents that these lack entirely
• d.The cost approach✓

Special-purpose properties have few or no comparable sales and generate no market rent, so the cost approach (replacement cost new, less depreciation, plus land) is typically most reliable. Sales comparison lacks comparables and the income/GRM methods need market income these properties do not produce.

The four characteristics an item must have to possess value in the market, often remembered as DUST, are:

• a.Debt, Utility, Supply, and Taxes, a mix of unrelated financing and cost terms rather than value
• b.Demand, Utility, Scarcity, and Transferability✓
• c.Depreciation, Use, Sale, and Title, which describe stages of ownership rather than value itself
• d.Demand, Ownership, Scarcity, and Time, which swaps in two terms that are not part of the concept

For something to have market value it must have Demand (buyers who want it), Utility (usefulness), Scarcity (limited supply), and Transferability (the ability to convey it). The DUST acronym captures these four essentials of value.

In Connecticut, the Real Estate Commission that oversees real estate licensing operates within which state department?

• a.The Department of Revenue Services
• b.The Department of Banking
• c.The Department of Consumer Protection✓
• d.The Department of Economic and Community Development

The Connecticut Real Estate Commission functions within the Department of Consumer Protection (DCP). The Commission and the DCP administer the real estate license law found in Chapter 392 of the Connecticut General Statutes.

In Connecticut, a licensed real estate salesperson may conduct licensed activity only:

• a.While affiliated with and supervised by a licensed real estate broker✓
• b.As a fully independent contractor with no broker affiliation
• c.After being appointed a notary public
• d.If they also hold an attorney's license

A Connecticut salesperson must be affiliated with and supervised by a licensed real estate broker. The supervising broker is responsible for the salesperson's licensed activity, advertising, and handling of client funds; a salesperson may not operate independently.

The Connecticut Real Estate Guaranty Fund is intended to:

• a.Guarantee brokers a minimum annual income
• b.Reimburse members of the public who obtain an unpaid court judgment against a licensee for certain violations, up to statutory limits✓
• c.Pay the Commission's operating expenses
• d.Provide grants to first-time homebuyers

The Connecticut Real Estate Guaranty Fund reimburses members of the public who obtain a valid but unpaid court judgment against a licensee arising from certain violations of the license law, subject to statutory limits. A licensee whose conduct causes a payout may have their license suspended until the fund is repaid.

Under Connecticut law, when must a licensee present the required agency disclosure notice to an unrepresented consumer?

• a.Only at closing
• b.At the beginning of the first personal meeting concerning the consumer's real estate needs, before confidential information is shared✓
• c.Only after a purchase offer is accepted
• d.Never, because Connecticut does not require agency disclosure

Connecticut requires licensees to present the agency disclosure notice at the beginning of the first personal meeting about a consumer's real estate needs or concerning a specific property, before confidential information is exchanged, so the consumer understands the representation options.

In Connecticut, when a brokerage represents both the buyer and the seller, the broker may assign different affiliated licensees to represent each party. This arrangement is called:

• a.Subagency
• b.Open agency
• c.Designated agency✓
• d.Vicarious agency

Connecticut permits designated agency, in which a broker whose firm represents both parties assigns (designates) different affiliated licensees to represent the buyer and the seller separately. Connecticut also allows dual agency with the informed written consent of both parties. Both arrangements require proper disclosure and consent.

In Connecticut, who is responsible for maintaining the escrow or trust account that holds client funds such as deposits?

• a.Each individual salesperson
• b.The town clerk
• c.The supervising broker✓
• d.The Department of Consumer Protection

In Connecticut the supervising broker is responsible for the brokerage's escrow or trust account. Client funds such as deposits must be placed in that account, kept separate from the broker's own funds, and properly accounted for. Commingling client funds violates Connecticut license law.

Connecticut generally requires that agency relationships between a brokerage and a client be:

• a.Oral only
• b.In writing, through a written agency or representation agreement✓
• c.Registered with the town clerk
• d.Approved individually by the Commission

Connecticut requires written agency agreements to establish a representation relationship between a brokerage and a client. A written agreement documents the relationship, duties, and terms of compensation, and helps prevent disputes over whether representation exists.

How many hours of approved pre-license education must a Connecticut salesperson applicant complete before the licensing exam?

• a.30 hours
• b.60 hours✓
• c.90 hours
• d.120 hours

Connecticut requires 60 clock hours of approved Principles and Practices of Real Estate pre-license education to qualify for the salesperson examination. Applicants must also pass the exam and meet the Commission's application requirements.

Before being admitted to the Connecticut real estate salesperson examination, an applicant must prove completion of an approved course in real estate principles and practices of at least:

• a.Thirty classroom hours of study
• b.Forty-five classroom hours of study
• c.Sixty classroom hours of study✓
• d.Ninety classroom hours of study

Connecticut requires a salesperson applicant to complete a commission-approved course in real estate principles and practices consisting of at least sixty classroom hours of study, or to show equivalent experience or education accepted by the commission, before sitting for the examination. Cite: Conn. Gen. Stat. Sec. 20-314(d)(3).

To qualify by experience for a Connecticut real estate broker's license, an applicant must have been actively engaged as a licensed salesperson under a supervising licensee for:

• a.Three years immediately preceding application, engaging in the real estate business at least 1,500 hours✓
• b.One year immediately preceding application, engaging in the real estate business for at least 1,000 hours
• c.Two years immediately preceding application, engaging in the real estate business at least 2,000 hours
• d.Five years immediately preceding application, engaging in the real estate business at least 2,500 hours

The broker qualification requires three years of active licensed salesperson work immediately preceding the application, totaling at least one thousand five hundred hours, certified on a form by the supervising licensee or that licensee's authorized representative. Cite: Conn. Gen. Stat. Sec. 20-314(d)(1)(A)(i).

Besides the sixty-hour principles and practices course, which additional approved coursework must a Connecticut broker applicant complete?

• a.A fifteen-hour appraisal course, a fifteen-hour property management course, and two fifteen-hour electives
• b.A thirty-hour legal compliance course and two thirty-hour elective courses of the applicant's choosing
• c.A sixty-hour brokerage course plus one fifteen-hour elective approved by the commission
• d.A fifteen-hour legal compliance course, a fifteen-hour brokerage course, and two fifteen-hour electives✓

A broker applicant must add a fifteen-hour real estate legal compliance course, a fifteen-hour real estate brokerage principles and practices course, and two elective courses of fifteen classroom hours each. Cite: Conn. Gen. Stat. Sec. 20-314(d)(1)(A)(iii) to (v).

Connecticut broker applicants must also show a record of closed transactions. How many, and over what period?

• a.At least two closed transactions during the two years preceding the application
• b.At least four closed transactions during the three years preceding the application✓
• c.At least six closed transactions during the three years preceding the application
• d.At least ten closed transactions during the five years preceding the application

The applicant must have represented a seller, buyer, lessor or lessee in at least four real estate transactions that closed during the three years immediately preceding the date the application was filed. Cite: Conn. Gen. Stat. Sec. 20-314(d)(1)(A)(vi).

The two fifteen-hour elective courses required of a Connecticut broker applicant are waived if the applicant has successfully completed:

• a.At least twenty real estate transactions within the five years preceding application✓
• b.At least ten real estate transactions within the two years preceding application
• c.At least forty real estate transactions within the ten years preceding the application
• d.At least five real estate transactions within the single year preceding application

The commission or commissioner must waive the elective course requirement where the applicant has successfully completed at least twenty real estate transactions within the five years immediately preceding the date of application. Cite: Conn. Gen. Stat. Sec. 20-314(d)(2).

A Connecticut real estate licensee applying for a two-year renewal license must satisfy a continuing education requirement of at least:

• a.Six classroom hours
• b.Nine classroom hours
• c.Twelve classroom hours✓
• d.Twenty classroom hours

The continuing education requirement may be met by completing commission-approved courses in current real estate practices and licensing laws consisting of not less than twelve hours of classroom study during the two-year period preceding renewal, by passing an approved written examination, or by equivalent study allowed by regulation. Cite: Conn. Gen. Stat. Sec. 20-319(b).

Within the twelve continuing education hours required for a Connecticut renewal, the Department of Consumer Protection requires licensees to include:

• a.A three-hour course in appraisal methods chosen by the licensee
• b.A three-hour mandatory course designated by the department✓
• c.A six-hour course in federal fair housing enforcement practice
• d.A six-hour course in common interest community management law

The department publishes a mandatory course for each two-year cycle: licensees take one three-hour mandatory Connecticut real estate license law course plus nine hours of electives to reach twelve. Cite: Conn. Gen. Stat. Sec. 20-319(b); DCP, Real Estate Salesperson - Continuing Education.

A Connecticut licensee who did not complete continuing education during the license period, but finished it within two months after that period expired, owes the department a fee of:

• a.One hundred fifty dollars
• b.Two hundred dollars
• c.Six hundred twenty-five dollars
• d.Three hundred fifteen dollars✓

The statute sets two late fees: three hundred fifteen dollars where the licensee completes the requirement not later than two months after the license period expired, and six hundred twenty-five dollars where completion is more than two but not more than four months after. Cite: Conn. Gen. Stat. Sec. 20-319(e).

A Connecticut real estate license that has been lapsed for at least three years:

• a.Cannot be reinstated; the former licensee must apply for a new license✓
• b.May be reinstated on payment of all late fees and all back renewal fees
• c.May be reinstated at any time within ten years of the expiration date
• d.Is reinstated automatically once continuing education is completed

Reinstatement is available only while the license has been expired for less than three years. Once a license has lapsed for at least three years the former licensee is ineligible for reinstatement and may apply for a new license. Cite: Conn. Gen. Stat. Sec. 20-314(f).

An applicant licensed in another state whose licensure requirements are not substantially similar to Connecticut's must:

• a.Complete the full sixty-hour Connecticut principles and practices course
• b.Wait two years before applying for any Connecticut real estate license
• c.Pass the Connecticut portion of the real estate licensing examination✓
• d.Obtain a waiver from the Commission on Human Rights and Opportunities

Connecticut recognizes an out-of-state license where that state examines applicants in writing, has requirements substantially similar to or higher than Connecticut's, and the applicant has no pending discipline or unresolved complaint; otherwise the applicant must pass the Connecticut portion of the examination. Cite: Conn. Gen. Stat. Sec. 20-317(a).

The Connecticut Real Estate Commission, appointed by the Governor, consists of:

• a.Seven members: four brokers, one salesperson and two public members
• b.Eight members: three brokers, two salespersons, three public members✓
• c.Nine members: five brokers, two salespersons and two public members
• d.Five members: two brokers, two salespersons and one public member

The commission created within the Department of Consumer Protection has eight members, all electors of the state: three licensed real estate brokers, two licensed real estate salespersons and three public members, with at least one member from each congressional district. Cite: Conn. Gen. Stat. Sec. 20-311a(b).

Since April 1, 2024, the maximum fine the Connecticut Real Estate Commission or department may impose for a license law violation is:

• a.One thousand dollars per violation
• b.Two thousand dollars per violation
• c.Ten thousand dollars per violation
• d.Five thousand dollars per violation✓

Public Act 23-84 raised the ceiling from two thousand to five thousand dollars per violation, effective April 1, 2024; the fine may be imposed in addition to or in lieu of suspension or revocation, and fines collected are deposited in the Real Estate Guaranty Fund. Cite: Conn. Gen. Stat. Sec. 20-320(a), as amended by P.A. 23-84, Sec. 17.

The most the Connecticut Real Estate Guaranty Fund will pay in connection with any one real estate transaction or claim is:

• a.Twenty-five thousand dollars in the aggregate✓
• b.Ten thousand dollars for each aggrieved person
• c.Fifty thousand dollars for each aggrieved person
• d.One hundred thousand dollars in the aggregate

Recovery is capped at twenty-five thousand dollars in the aggregate per transaction or claim, regardless of how many people were harmed or how many parcels were involved. The 2026 amendment moved administration of the fund to the department but left the cap unchanged. Cite: Conn. Gen. Stat. Sec. 20-324a, as amended by P.A. 26-100, Sec. 13.

An application for payment from the Connecticut Real Estate Guaranty Fund must be brought no later than:

• a.One year from the date the cause of action accrued
• b.Six months from the date of the closing at issue
• c.Two years from final determination of the judgment✓
• d.Three years from the date the licensee was disciplined

The limitation runs two years from the final determination of, or expiration of the time to appeal from, a binding arbitration decision or a court judgment, order or decree. Cite: Conn. Gen. Stat. Sec. 20-324d, as amended by P.A. 26-100, Sec. 15.

After the department pays a claim out of the Real Estate Guaranty Fund, the licensee whose conduct caused the payment is ineligible for a new license until:

• a.Five years have passed since the payment was made from the fund
• b.The amount is repaid in full, plus interest at ten per cent a year✓
• c.A discharge in bankruptcy relieves the licensee of the obligation
• d.The commission holds a new hearing and restores the license by vote

The person must repay the fund in full plus interest at ten per cent per year, and a discharge in bankruptcy does not relieve the person of that disability. The ten per cent rate replaced a market rate effective June 24, 2025. Cite: Conn. Gen. Stat. Sec. 20-324e(e), as amended by P.A. 25-111, Sec. 5, and P.A. 26-100, Sec. 16.

A Connecticut broker who accepts a buyer's deposit must place it in the escrow or trust account within:

• a.Twenty-four hours of the date all necessary parties sign the agreement
• b.Two banking days of the date the buyer's offer is presented to the seller
• c.Three banking days of the date all necessary parties sign the agreement✓
• d.Ten banking days after the closing date stated in the written agreement

Money the broker is not personally and legally entitled to, including down payments, earnest money and rental security deposits, must be deposited in the escrow or trust account within three banking days of the date the agreement is signed by all necessary parties. Cite: Conn. Gen. Stat. Sec. 20-324k(c).

Connecticut law requires a broker who receives and holds money on behalf of clients to:

• a.Hold client funds in the broker's operating account and reconcile monthly
• b.Deposit client funds with the Department of Consumer Protection each month
• c.Post a surety bond with the commission instead of keeping a trust account
• d.Maintain a separate escrow or trust account in a bank doing business here✓

The broker must at all times maintain a separate escrow or trust account, distinct from the broker's own account, in a bank doing business in Connecticut, and the commission may audit it. Commingling client funds with the broker's own is itself a ground for discipline. Cite: Conn. Gen. Stat. Secs. 20-324k(a) and 20-320(a)(10).

A Connecticut broker must keep listing agreements, offers and escrow bank records for at least how long after the latest of closing, disbursement of escrow funds, or expiration of the representation agreement?

• a.Three years
• b.Seven years✓
• c.Ten years
• d.Two years

The retention period is not less than seven years, measured from whichever happens later among closing, disbursement of all escrowed funds, and expiration of the listing or representation agreement, and records must normally be kept in electronic form. Cite: Conn. Gen. Stat. Sec. 20-325m(a) and (c).

When an associate broker's affiliation with a supervising licensee ends, the associate broker must notify the department within:

• a.Fourteen calendar days of the termination or of a new affiliation✓
• b.Twenty-one calendar days of the termination or of a new affiliation
• c.Sixty calendar days of the termination or of a new affiliation
• d.Ninety calendar days of the termination or of a new affiliation

The associate broker must notify the department not later than fourteen calendar days after the termination or after affiliating with another supervising licensee, whichever occurs first. Cite: Conn. Gen. Stat. Sec. 20-312c(c).

Connecticut prohibits a licensee from receiving a referral fee for sending a buyer of real property to:

• a.Another real estate brokerage firm licensed in Connecticut
• b.A licensed home inspector or a licensed pest control firm
• c.An attorney, mortgage broker or lender, or their affiliates✓
• d.A moving company, a title searcher or an insurance producer

No licensee, no person affiliated with a licensee, and no person engaging in the real estate business may take a fee, commission or other referral fee for referring a buyer to a Connecticut attorney, or to a mortgage broker or lender, or to anyone affiliated with them. Cite: Conn. Gen. Stat. Sec. 20-320a.

A Connecticut exclusive listing contract or buyer agency contract that contains a fixed termination date may not also:

• a.Provide that the broker is entitled to a commission after that date
• b.Provide for automatic continuation of the contract beyond that date✓
• c.Allow the client to cancel the contract before the termination date
• d.Name more than one licensee as the client's designated seller agent

Entering into an exclusive listing or buyer agency contract that has a fixed termination date and also provides for automatic continuation beyond that date is an enumerated ground for suspension, revocation or a fine. Cite: Conn. Gen. Stat. Sec. 20-320(a)(6).

Connecticut's residential condition report form states in its own text that the report does not relieve a broker of which duty?

• a.The duty to disclose material facts under Regs. Conn. State Agencies 20-328-5a✓
• b.The duty to obtain a home inspection before any offer is presented to a seller
• c.The duty to verify the seller's answers with the municipal building official
• d.The duty to file a copy of the report with the Real Estate Commission office

The statutory template includes the heading RESPONSIBILITIES OF REAL ESTATE BROKERS and states that the report in no way relieves a broker of the obligation under Section 20-328-5a of the Regulations of Connecticut State Agencies to disclose material facts, with fines, suspension or revocation as possible consequences. Cite: Conn. Gen. Stat. Sec. 20-327b(d)(3)(A) (2026 Supp.), quoting Regs. Conn. State Agencies Sec. 20-328-5a.

Not later than the first personal meeting with a prospective party, a Connecticut licensee must disclose in writing:

• a.The commission rate the licensee's brokerage firm normally charges sellers
• b.The names of every other client the licensee is representing at that time
• c.The types of agency relationships available to that prospective party✓
• d.The licensee's most recent continuing education completion certificate

Public Act 23-84 rewrote the disclosure rule effective April 1, 2024: not later than the first personal meeting the licensee must disclose in writing the types of agency relationships available to the prospective party. The disclosure may be delivered electronically. Cite: Conn. Gen. Stat. Sec. 20-325d(b)(1)(A).

The written agency disclosure a Connecticut licensee gives at the first personal meeting must also warn the prospective party:

• a.That any offer made without an attorney's review is voidable for three days
• b.That the licensee will report the conversation to the supervising broker
• c.That the licensee's fee is set by the multiple listing service in the region
• d.Not to share confidential information before a representation agreement✓

The same written disclosure must tell the prospective party not to share confidential information with the licensee until the party has entered into a written representation agreement with that licensee. Cite: Conn. Gen. Stat. Sec. 20-325d(b)(1)(B).

In a Connecticut residential transaction, what else must the licensee provide the prospective party by that first personal meeting?

• a.Information on housing discrimination and federal and state fair housing laws✓
• b.A copy of the seller's most recent municipal property tax bill for the property
• c.A written estimate of the buyer's closing costs and the conveyance tax due
• d.A list of mortgage lenders the brokerage firm has approved for the buyer

For residential real estate transactions the licensee must also provide information on housing discrimination, including a description of federal and state fair housing laws, the protected classes, where to get more information and what resources exist. Cite: Conn. Gen. Stat. Sec. 20-325d(b)(2).

Connecticut's rule on subagency in the sale or purchase of real property is that a broker:

• a.May offer subagency through the multiple listing service with written consent
• b.May not offer subagency or affiliate with a subagent for a sale or purchase✓
• c.May appoint a subagent only if the seller signs a dual agency consent form
• d.May offer subagency only in commercial transactions over one million dollars

Connecticut flatly bars broker subagency: no broker may make a unilateral offer of subagency or agree to compensate, appoint, employ, cooperate with or otherwise affiliate with a subagent for the sale or purchase of real property. Cite: Conn. Gen. Stat. Sec. 20-325f.

In Connecticut, executing the statutory dual agency consent agreement before signing any purchase, sale or lease contract creates:

• a.A rebuttable presumption that the brokerage firm acted without any conflict
• b.An automatic right for either party to cancel the transaction within a week
• c.A requirement that the brokerage firm refund half of its earned commission
• d.A conclusive presumption that the person consented to the dual agency✓

Where a person executes the written consent in the statutory form before executing any contract or agreement for the purchase, sale or lease of real estate, there is a conclusive presumption that the person gave informed consent to the dual agency. Cite: Conn. Gen. Stat. Sec. 20-325g.

When a Connecticut broker appoints a designated seller agent and a designated buyer agent in the same transaction, those two individuals:

• a.Are not deemed dual agents, though their brokerage firm may be one✓
• b.Are each automatically dual agents and must obtain dual agency consent
• c.Must both be licensed brokers rather than salespersons or associate brokers
• d.Must be employed by two different brokerage firms in the same county

On appointment, the duties owed the seller or the buyer become the primary responsibility of the individual designated, and that individual is not deemed a dual agent. Only an individual designated to represent both the seller and the buyer in the same transaction is a dual agent. Cite: Conn. Gen. Stat. Sec. 20-325i.

Under Connecticut's designated agency statute, an appointment of a designated buyer or seller agent:

• a.Lasts for the entire time the client's representation agreement is in force
• b.Applies to every property the brokerage firm lists during the appointment
• c.May be made with regard to a particular transaction only✓
• d.Must be renewed in writing by the client every ninety days

The statute expressly limits the designation: it may be made with regard to a particular transaction only. The commissioner prescribes the notice given to the consumer on appointment and the written consent signed by all parties. Cite: Conn. Gen. Stat. Secs. 20-325i and 20-325j.

A Connecticut brokerage firm acting as a dual agent may NOT tell the buyer that:

• a.The property has a known structural defect the seller disclosed to the firm
• b.The seller will accept less than the listed price, absent written instruction✓
• c.Other properties in the multiple listing service recently sold for less money
• d.The seller has received and rejected two written offers in the past month

The dual agency consent agreement forbids the firm from telling a buyer that the seller will accept less than the asking or listed price unless the seller instructs otherwise in writing, while known material property defects must still be disclosed. Cite: Conn. Gen. Stat. Sec. 20-325g(3)(A) and (3)(B)(i).

Connecticut's ban on using or revealing a client's confidential information gives way in which situation?

• a.When another licensee in the same firm asks for it to prepare a market study
• b.When the information would help the licensee close the transaction faster
• c.When more than one year has passed since the agency relationship ended
• d.When disclosure is required by legal process or to prevent a crime✓

The prohibition yields only where disclosure is required by legal process, is necessary to defend the licensee against allegations of wrongful or negligent conduct, or is necessary to prevent the commission of a crime. Cite: Conn. Gen. Stat. Sec. 20-325h.

If a Connecticut seller fails to furnish the written residential condition report, the purchase agreement must require the seller to:

• a.Credit the purchaser two hundred fifty dollars at closing
• b.Credit the purchaser five hundred dollars at closing✓
• c.Credit the purchaser one thousand five hundred dollars at closing
• d.Reimburse the purchaser for a professional home inspection

Every agreement to purchase residential real estate for which a report is required must provide that the seller credit the purchaser five hundred dollars at closing if the report is not furnished. The figure rose from three hundred to five hundred dollars effective July 1, 2012. Cite: Conn. Gen. Stat. Sec. 20-327c(a).

When must a Connecticut seller deliver the residential condition report to a prospective purchaser?

• a.At the closing, attached to the settlement statement
• b.Within three days after the purchase contract is signed
• c.Before the purchaser executes a binder, contract or option✓
• d.Within ten days after the property is listed for sale

The report must be provided at any time prior to the prospective purchaser's execution of any binder, contract to purchase, option or lease containing a purchase option, and a copy bearing the purchaser's receipt is attached to the written offer, binder or contract. Cite: Conn. Gen. Stat. Sec. 20-327b(a).

Connecticut's residential condition report requirement reaches transfers of:

• a.Residential property of one to four dwelling units, including condominiums✓
• b.Any residential property of five or more dwelling units held by a single owner
• c.Only single-family houses sold through a licensed real estate broker
• d.All real property in the state, including vacant land and farm parcels

The requirement applies to sales, exchanges and leases with purchase option of residential real property of not less than one nor more than four dwelling units, including cooperatives and condominiums, whether or not a licensee is involved. Cite: Conn. Gen. Stat. Sec. 20-327b(c).

A Connecticut seller who pays the five-hundred-dollar credit rather than furnishing the report:

• a.Has satisfied every disclosure obligation owed to the purchaser
• b.May not be sued by the purchaser over the property's condition
• c.Must still obtain a home inspection at the seller's own expense
• d.Must still disclose known defects that significantly impair value✓

The credit does not excuse nondisclosure of a defect that is subject to disclosure, within the seller's actual knowledge, and significantly impairs the value of the property, the health or safety of future occupants, or its useful life; the purchaser may sue for actual damages. Cite: Conn. Gen. Stat. Sec. 20-327c(b) and (c).

Who is responsible for answering the questions on Connecticut's residential condition report?

• a.The seller; the form says the licensee cannot complete it for the seller✓
• b.The listing broker, using information gathered from the municipality
• c.A licensed home inspector retained by the seller before the listing
• d.The buyer's agent, who then files a copy of it with the Real Estate Commission

The template prescribed by the Commissioner of Consumer Protection carries the instruction to sellers in capital letters that the seller's real estate licensee cannot complete the form on the seller's behalf, and that the seller must answer all questions to the best of the seller's knowledge. Cite: Conn. Gen. Stat. Sec. 20-327b(d)(1) (2026 Supp.).

On the sale of a Connecticut home for $3,000,000, the state portion of the conveyance tax on the consideration above $2,500,000 is imposed at:

• a.Three-quarters of one per cent
• b.One and one-quarter per cent
• c.Two and one-quarter per cent✓
• d.Two and three-quarters per cent

For a residential estate conveyed for eight hundred thousand dollars or more, the state rate is three-quarters of one per cent up to $800,000, one and one-quarter per cent from $800,000 to $2,500,000, and, on and after July 1, 2020, two and one-quarter per cent on the portion above $2,500,000. Cite: Conn. Gen. Stat. Sec. 12-494(b)(2)(C).