Connecticut Real Estate Salesperson Exam — All Questions
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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.