Connecticut Practice Test → Contracts

Connecticut Contracts
Practice Questions & Answers (2026)

Contract law questions on the Connecticut real estate exam test both general contract principles and Connecticut-specific transaction requirements. The Connecticut Real Estate Commission tests how Connecticut contract law applies to purchase agreements, counteroffers, contingencies, and earnest money disputes. Pay close attention to offer and acceptance mechanics, how counteroffers extinguish prior offers, and the specific timelines under Connecticut law for earnest money handling and contingency resolution. These are areas where candidates who studied nationally often apply the right concept but the wrong CT-specific timeframe or rule.

Full Practice Exam →Take Interactive Quiz

Connecticut Exam Study Resources

Everything you need to pass — in one place.

Practice TestMock ExamFlashcardsStudy ScheduleConnecticut BlogFull Access

Practice by Topic

Connecticut License Law →Agency →Contracts →Finance →Property Ownership →Property Valuation →+6 more topics
Practice Questions

Connecticut Contracts — Practice Questions & Answers

119 questions on Contracts from the Connecticut real estate question bank. First 10 are free — sign up to unlock all 119.

Q1. For a real estate contract to be enforceable in Connecticut, it must be:

A.Verbal and witnessed by two parties
B.In writing and signed by all parties
C.Notarized and recorded
D.Approved by the Real Estate Commission

Explanation

Under Connecticut's Statute of Frauds, contracts for the sale of real property must be in writing and signed by the party to be charged (or their authorized agent) to be enforceable.

Q2. A buyer makes an offer to purchase a home. Before the seller accepts the offer, the buyer calls the agent to withdraw the offer. Under contract law:

A.The buyer cannot withdraw the offer once submitted
B.The offer can be revoked any time before acceptance by the seller
C.The buyer must pay a cancellation fee
D.The seller can force the buyer to proceed

Explanation

An offer may be revoked by the offeror at any time prior to acceptance. Once the seller accepts the offer and communicates acceptance to the buyer, a binding contract is formed.

Q3. In a real estate purchase contract, 'time is of the essence' means:

A.The parties should try to close quickly but deadlines are flexible
B.All contractual deadlines must be strictly met or the party may be in default
C.The closing must occur within 30 days of contract acceptance
D.Only the closing date is critical

Explanation

'Time is of the essence' is a contract provision meaning all deadlines in the contract are strict. Missing a deadline may constitute a breach of contract and could allow the non-defaulting party to terminate the agreement or pursue legal remedies.

Q4. Which of the following is an example of a contingency in a Connecticut purchase contract?

A.The purchase price agreed upon by both parties
B.The buyer's right to purchase only if they obtain satisfactory mortgage financing
C.The seller's obligation to convey clear title
D.The broker's commission rate

Explanation

A contingency is a condition that must be satisfied for the contract to become binding. A financing contingency allows the buyer to terminate the contract and recover their deposit if satisfactory financing cannot be obtained.

Q5. A Connecticut seller and buyer sign a purchase contract. The seller then accepts a higher offer from another buyer. This is known as:

A.Rescission
B.Novation
C.Breach of contract
D.Assignment

Explanation

Accepting a second offer after signing a binding contract with the first buyer is a breach of contract. The original buyer may sue for specific performance (to compel the sale) or for money damages.

Q6. An option contract in real estate gives the optionee (buyer) the:

A.Obligation to purchase the property within the option period
B.Right but not the obligation to purchase the property within a set time
C.Right to list the property for any price during the option period
D.Automatic ownership of the property when the option is signed

Explanation

An option contract gives the optionee the right to purchase the property at an agreed price within a specified time period, but does not obligate them to do so. The option consideration is typically non-refundable.

Q7. A Connecticut purchase and sale agreement includes an inspection contingency. The buyer has the home inspected and the inspector finds a cracked foundation. The buyer may:

A.Only request the seller repaint the basement walls
B.Request repairs, a price reduction, or withdraw from the contract per the contingency terms
C.Immediately sue the seller for fraud
D.Demand the seller replace the entire foundation at no cost

Explanation

An inspection contingency gives the buyer the right to review the inspection results and negotiate repairs or credits, or to withdraw from the contract and recover their deposit if issues are unacceptable.

Q8. Under Connecticut law, earnest money deposited under a purchase contract is typically held:

A.By the seller personally until closing
B.In the listing broker's escrow/trust account
C.In the buyer's personal bank account
D.By the town clerk's office

Explanation

Connecticut law requires that earnest money deposits be held in the listing broker's separate escrow or trust account, segregated from the broker's personal and business funds.

Q9. A Connecticut purchase contract is signed by both parties on March 1. If the seller has 5 days to respond to a buyer's repair request and fails to respond, what typically happens?

A.The contract automatically extends by 30 days
B.The buyer's repair request is deemed accepted
C.The outcome depends on the specific contract language, often treated as rejection
D.The transaction is automatically void

Explanation

The effect of a non-response depends on contract language. Many Connecticut contracts treat the seller's failure to respond as a rejection, allowing the buyer to decide whether to proceed or withdraw.

Q10. A buyer's agent presents an offer on a Connecticut property. The seller responds with a counteroffer changing the price and closing date. This counteroffer:

A.Must be accepted by the buyer exactly as written
B.Constitutes a rejection of the buyer's original offer and creates a new offer
C.Extends the buyer's original offer for 48 hours
D.Automatically becomes a binding contract

Explanation

A counteroffer legally rejects the original offer and creates a new offer. The original buyer is no longer bound by their offer and may accept, reject, or counter the seller's counteroffer.

Q11. In Connecticut, specific performance is a legal remedy in a real estate contract dispute that:

A.Awards monetary damages to the injured party
B.Compels the defaulting party to fulfill the terms of the contract
🔒

109 more Contracts questions

Create a free account to unlock all 119 Connecticut Contracts questions with full explanations.

Sign Up Free — Unlock All QuestionsLog In

Free account · No credit card · Instant access to 25 questions

Other Connecticut Exam Topics

Connecticut License LawAgencyFinanceProperty OwnershipProperty ValuationFair HousingEscrow & TitleReal Estate MathEnvironmentalLand Use & ZoningProperty Management
← Back to Connecticut Full Practice Test

Ready to take the full exam? Start free.

25 free questions · No signup · Instant access to all Connecticut topics

Free Connecticut Practice Exam →Full Access — 1,500+ Questions