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CT-LAW-40-ONE Quiz

Support Group
May 22, 2025

CT-LAW-40-ONE Quiz

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Question 1 of 40

1. Question
0 point(s)

When properly recorded in the county where the real estate of the defendant is located, a judgment becomes a(n)

voluntary lien.
Correct Incorrect Correct answer

involuntary lien.
Correct Incorrect Correct answer

specific lien.
Correct Incorrect Correct answer

statutory lien.
Correct Incorrect Correct answer

Correct

Incorrect
Question 2 of 40

2. Question
0 point(s)

The federal Fair Housing Act does NOT prohibit

blockbusting.
Correct Incorrect Correct answer

discriminatory advertising.
Correct Incorrect Correct answer

redlining.
Correct Incorrect Correct answer

discriminating on the basis of marital status.
Correct Incorrect Correct answer

Correct

Incorrect
Question 3 of 40

3. Question
0 point(s)

A person wants to ensure that the ownership of real property can be willed to her children. Which of the following forms of ownership would the person want?

A conventional life estate.
Correct Incorrect Correct answer

A fee simple estate.
Correct Incorrect Correct answer

A joint tenancy.
Correct Incorrect Correct answer

A license.
Correct Incorrect Correct answer

Correct

Incorrect
Question 4 of 40

4. Question
0 point(s)

A method of sealing off disintegrating asbestos is called

capping.
Correct Incorrect Correct answer

encapsulation.
Correct Incorrect Correct answer

containment.
Correct Incorrect Correct answer

contamination closure.
Correct Incorrect Correct answer

Correct

Incorrect
Question 5 of 40

5. Question
0 point(s)

A decedent left a will giving his neighbor the right to use a well on the decedent\’s land as long as the neighbor lived. The neighbor\’s interest in the property is properly called a(n)

license.
Correct Incorrect Correct answer

easement in gross.
Correct Incorrect Correct answer

easement appurtenant.
Correct Incorrect Correct answer

life estate.
Correct Incorrect Correct answer

Correct

Incorrect
Question 6 of 40

6. Question
0 point(s)

A deed states that the grantors are conveying all their rights and interests to the grantees to have and to hold. This is communicated in the

acknowledgment clause.
Correct Incorrect Correct answer

restriction clause.
Correct Incorrect Correct answer

covenant of seizen.
Correct Incorrect Correct answer

habendum clause.
Correct Incorrect Correct answer

Correct

Incorrect
Question 7 of 40

7. Question
0 point(s)

A house for sale was advertised, \’Fine executive home in an exclusive neighborhood, suitable for an older couple; near St. Mary\’s Church.\’ Which of the following statements is INCORRECT?

This is descriptive of the property for sale and a good ad.
Correct Incorrect Correct answer

An exclusive neighborhood could be interpreted to mean that minorities are not welcome.
Correct Incorrect Correct answer

It appears that families with children are not welcome.
Correct Incorrect Correct answer

The neighborhood could appear to be undesirable for people who do not follow the same religion as St. Mary\\\’s Church.
Correct Incorrect Correct answer

Correct

Incorrect
Question 8 of 40

8. Question
0 point(s)

A suit to quiet title refers to

a title insurance company\\\’s search of the title.
Correct Incorrect Correct answer

a mortgagor relinquishing title after foreclosure.
Correct Incorrect Correct answer

the deposit of a title with an escrow agent.
Correct Incorrect Correct answer

the removal of a cloud on the title by court action.
Correct Incorrect Correct answer

Correct

Incorrect
Question 9 of 40

9. Question
0 point(s)

Adaptations of property specifications to suit tenant requirements are

tax-exempt improvements.
Correct Incorrect Correct answer

tenant improvements.
Correct Incorrect Correct answer

prohibited by most nonresidential leases.
Correct Incorrect Correct answer

generally not a good idea.
Correct Incorrect Correct answer

Correct

Incorrect
Question 10 of 40

10. Question
0 point(s)

All of the following are true in defining a corporation as a legal entity, EXCEPT

Stockholders have a direct ownership interest in the real estate.
Correct Incorrect Correct answer

It is managed by a Board of Directors.
Correct Incorrect Correct answer

It continues to exist until formally dissolved.
Correct Incorrect Correct answer

Profits are taxed on two levels: as corporation profit and as dividends to stockholders.
Correct Incorrect Correct answer

Correct

Incorrect
Question 11 of 40

11. Question
0 point(s)

All the following clauses in a loan agreement enable the lender to demand the entire remaining debt be paid immediately EXCEPT a(an)

due-on-sale clause.
Correct Incorrect Correct answer

defeasance clause.
Correct Incorrect Correct answer

acceleration clause.
Correct Incorrect Correct answer

alienation clause.
Correct Incorrect Correct answer

Correct

Incorrect
Question 12 of 40

12. Question
0 point(s)

An example of a kickback that is prohibited by RESPA is

a fee paid by Broker A to Broker B for referring a buyer to Broker A.
Correct Incorrect Correct answer

a share of the commission paid by Broker A to her salesperson.
Correct Incorrect Correct answer

a fee paid by a surveyor to a broker for referring a property to be surveyed.
Correct Incorrect Correct answer

a flower arrangement that a salesperson sends to the buyer as a housewarming gift.
Correct Incorrect Correct answer

Correct

Incorrect
Question 13 of 40

13. Question
0 point(s)

Actions that are made illegal by federal and state fair housing laws do NOT include

refusing to rent to a person because of their race.
Correct Incorrect Correct answer

steering prospective buyers to certain neighborhoods based on their ethnicity.
Correct Incorrect Correct answer

limiting the number of children allowed in a rental unit.
Correct Incorrect Correct answer

denying a loan to an applicant because of their religion.
Correct Incorrect Correct answer

Correct

Incorrect
Question 14 of 40

14. Question
0 point(s)

A real estate licensee who is taking a listing on a residential property MUST

provide the owner with an estimate of the selling price.
Correct Incorrect Correct answer

establish a definite termination date for the listing agreement.
Correct Incorrect Correct answer

require the seller to pay a minimum commission.
Correct Incorrect Correct answer

encourage the seller to accept the first offer received.
Correct Incorrect Correct answer

Correct

Incorrect
Question 15 of 40

15. Question
0 point(s)

A transaction broker\’s fiduciary duty is to

the seller only.
Correct Incorrect Correct answer

the buyer only.
Correct Incorrect Correct answer

both the seller and the buyer.
Correct Incorrect Correct answer

neither the seller nor the buyer.
Correct Incorrect Correct answer

Correct

Incorrect
Question 16 of 40

16. Question
0 point(s)

A person who acquires title to real estate under a land contract is usually given

a deed.
Correct Incorrect Correct answer

a lease.
Correct Incorrect Correct answer

a title policy.
Correct Incorrect Correct answer

an equitable title.
Correct Incorrect Correct answer

Correct

Incorrect
Question 17 of 40

17. Question
0 point(s)

A mortgage that covers more than one parcel of real estate is called

a package mortgage.
Correct Incorrect Correct answer

a blanket mortgage.
Correct Incorrect Correct answer

a release clause mortgage.
Correct Incorrect Correct answer

a partial release mortgage.
Correct Incorrect Correct answer

Correct

Incorrect
Question 18 of 40

18. Question
0 point(s)

An increase in supply with no change in demand will usually result in

higher prices.
Correct Incorrect Correct answer

lower prices.
Correct Incorrect Correct answer

stable prices.
Correct Incorrect Correct answer

fewer sales.
Correct Incorrect Correct answer

Correct

Incorrect
Question 19 of 40

19. Question
0 point(s)

A real estate broker who represents a seller under a single agency agreement owes a buyer

no duty at all.
Correct Incorrect Correct answer

the same fiduciary duties as owed to the seller.
Correct Incorrect Correct answer

honesty and fair dealing.
Correct Incorrect Correct answer

a full accounting in a timely manner.
Correct Incorrect Correct answer

Correct

Incorrect
Question 20 of 40

20. Question
0 point(s)

A buyer who wants to ensure that there are no encroachments on the property being purchased or that the improvements are actually located on the land within the property boundaries should obtain a

title insurance policy.
Correct Incorrect Correct answer

building inspection.
Correct Incorrect Correct answer

survey.
Correct Incorrect Correct answer

zoning compliance certificate.
Correct Incorrect Correct answer

Correct

Incorrect
Question 21 of 40

21. Question
0 point(s)

The main purpose of a building permit is to

provide revenue for local government.
Correct Incorrect Correct answer

ensure that construction complies with local building codes.
Correct Incorrect Correct answer

prevent new construction from competing with existing structures.
Correct Incorrect Correct answer

limit the amount of new construction in an area.
Correct Incorrect Correct answer

Correct

Incorrect
Question 22 of 40

22. Question
0 point(s)

A property owner who refuses to pay the special assessment tax may find

a lien has been placed against the property.
Correct Incorrect Correct answer

the property is being rezoned.
Correct Incorrect Correct answer

the property is being condemned.
Correct Incorrect Correct answer

the property owner has no recourse.
Correct Incorrect Correct answer

Correct

Incorrect
Question 23 of 40

23. Question
0 point(s)

A real estate licensee who discovers an illegal in-law apartment in a single-family home should

ignore the situation.
Correct Incorrect Correct answer

advise the seller to remove the illegal apartment.
Correct Incorrect Correct answer

disclose the illegal apartment to potential buyers.
Correct Incorrect Correct answer

advise the buyer to apply for a variance to legalize the apartment.
Correct Incorrect Correct answer

Correct

Incorrect
Question 24 of 40

24. Question
0 point(s)

A buyer who acquires a property \’subject to\’ an existing mortgage

is personally liable for the debt.
Correct Incorrect Correct answer

is not personally liable for the debt.
Correct Incorrect Correct answer

must assume the seller\\\’s mortgage payments.
Correct Incorrect Correct answer

must refinance the property within a specified time.
Correct Incorrect Correct answer

Correct

Incorrect
Question 25 of 40

25. Question
0 point(s)

A person interested in purchasing a condominium should be provided with

a copy of the bylaws and the condominium declaration.
Correct Incorrect Correct answer

a list of all the unit owners in the condominium.
Correct Incorrect Correct answer

the minutes of the last board of directors\\\’ meeting.
Correct Incorrect Correct answer

a copy of the master deed.
Correct Incorrect Correct answer

Correct

Incorrect
Question 26 of 40

26. Question
0 point(s)

If a person dies intestate (without a will), and the property is held in severalty, the property will pass according to

the rule of descent.
Correct Incorrect Correct answer

the laws of intestate succession.
Correct Incorrect Correct answer

the terms of the decedent\\\’s will.
Correct Incorrect Correct answer

the homestead rights of the surviving spouse.
Correct Incorrect Correct answer

Correct

Incorrect
Question 27 of 40

27. Question
0 point(s)

A real estate broker who is responsible for managing a property and collecting rents on behalf of the owner is acting as a

property manager.
Correct Incorrect Correct answer

leasing agent.
Correct Incorrect Correct answer

transaction broker.
Correct Incorrect Correct answer

buyer\\\’s agent.
Correct Incorrect Correct answer

Correct

Incorrect
Question 28 of 40

28. Question
0 point(s)

A homeowner who wishes to make energy-efficient improvements to a property may qualify for

a low-interest FHA 203(k) loan.
Correct Incorrect Correct answer

an energy-efficient mortgage (EEM).
Correct Incorrect Correct answer

a VA-guaranteed loan.
Correct Incorrect Correct answer

a conventional mortgage.
Correct Incorrect Correct answer

Correct

Incorrect
Question 29 of 40

29. Question
0 point(s)

A seller is required to provide a potential buyer with a lead-based paint disclosure if the property was built before

1960.0
Correct Incorrect Correct answer

1970.0
Correct Incorrect Correct answer

1978.0
Correct Incorrect Correct answer

1980.0
Correct Incorrect Correct answer

Correct

Incorrect
Question 30 of 40

30. Question
0 point(s)

In a real estate transaction, the \’time is of the essence\’ clause means that

performance of the contract must occur within a reasonable time.
Correct Incorrect Correct answer

performance of the contract must occur by the specified date.
Correct Incorrect Correct answer

the contract may be extended by mutual agreement.
Correct Incorrect Correct answer

the contract may be terminated by either party at any time.
Correct Incorrect Correct answer

Correct

Incorrect
Question 31 of 40

31. Question
0 point(s)

A buyer purchases a property that is subject to a life estate. The buyer\’s interest in the property is called

a reversionary interest.
Correct Incorrect Correct answer

a remainder interest.
Correct Incorrect Correct answer

a life estate pur autre vie.
Correct Incorrect Correct answer

an estate for years.
Correct Incorrect Correct answer

Correct

Incorrect
Question 32 of 40

32. Question
0 point(s)

A broker who receives an earnest money deposit on a Friday should

hold the deposit until the closing.
Correct Incorrect Correct answer

deposit the funds into the broker\\\’s personal account.
Correct Incorrect Correct answer

deposit the funds into an escrow account by the end of the next business day.
Correct Incorrect Correct answer

return the deposit to the buyer.
Correct Incorrect Correct answer

Correct

Incorrect
Question 33 of 40

33. Question
0 point(s)

If a tenant remains in possession of a property after the lease has expired, and the landlord accepts a rent payment, the tenancy is considered

a tenancy at will.
Correct Incorrect Correct answer

a tenancy at sufferance.
Correct Incorrect Correct answer

a holdover tenancy.
Correct Incorrect Correct answer

a periodic tenancy.
Correct Incorrect Correct answer

Correct

Incorrect
Question 34 of 40

34. Question
0 point(s)

A buyer and seller enter into a contract for the purchase of real property. The contract stipulates that if the buyer defaults, the seller may keep the buyer\’s earnest money deposit as liquidated damages. This type of contract is called

a contract for deed.
Correct Incorrect Correct answer

an option contract.
Correct Incorrect Correct answer

a lease-purchase agreement.
Correct Incorrect Correct answer

a forfeitable contract.
Correct Incorrect Correct answer

Correct

Incorrect
Question 35 of 40

35. Question
0 point(s)

A residential real estate transaction is subject to the Truth in Lending Act if the transaction involves

a single-family residence.
Correct Incorrect Correct answer

a two-family residence.
Correct Incorrect Correct answer

a three-family residence.
Correct Incorrect Correct answer

a four-family residence.
Correct Incorrect Correct answer

Correct

Incorrect
Question 36 of 40

36. Question
0 point(s)

A property owner wants to create a life estate for a friend, with the property passing to the owner\’s children upon the friend\’s death. The children would have a

reversionary interest.
Correct Incorrect Correct answer

remainder interest.
Correct Incorrect Correct answer

life estate pur autre vie.
Correct Incorrect Correct answer

life estate.
Correct Incorrect Correct answer

Correct

Incorrect
Question 37 of 40

37. Question
0 point(s)

A buyer assumes an existing mortgage loan \’subject to.\’ In the event of default, who is responsible for the debt?

The buyer.
Correct Incorrect Correct answer

The seller.
Correct Incorrect Correct answer

Both the buyer and the seller.
Correct Incorrect Correct answer

Neither the buyer nor the seller.
Correct Incorrect Correct answer

Correct

Incorrect
Question 38 of 40

38. Question
0 point(s)

A metes and bounds legal description

is based on a grid system.
Correct Incorrect Correct answer

uses monuments as reference points.
Correct Incorrect Correct answer

is based on a system of townships and ranges.
Correct Incorrect Correct answer

begins and ends at the same point.
Correct Incorrect Correct answer

Correct

Incorrect
Question 39 of 40

39. Question
0 point(s)

The legal principle that requires a real estate licensee to put the interests of the client above all others, including the licensee\’s own interests, is called

loyalty.
Correct Incorrect Correct answer

disclosure.
Correct Incorrect Correct answer

obedience.
Correct Incorrect Correct answer

fiduciary duty.
Correct Incorrect Correct answer

Correct

Incorrect
Question 40 of 40

40. Question
0 point(s)

In a sale-leaseback transaction, the seller of the property becomes the

lessee.
Correct Incorrect Correct answer

lessor.
Correct Incorrect Correct answer

grantee.
Correct Incorrect Correct answer

grantor.
Correct Incorrect Correct answer

Correct

Incorrect

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