Conn. Gen. Stat. ch. 392 – Real Estate Brokers and Salespersons | Midpage

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Connecticut General Statutes

Chapter 392

Conn. Gen. Stat. ch. 392

Real Estate Brokers and Salespersons

20-311Definitions.20-311aReal Estate Commission.20-311bDuties of commission.20-311dBond for chairperson.20-311eDeposit of fees.20-311fArbitration of disputes between brokers or salespersons.20-312License required. Imposition of fine. Teams.20-312aLiability of brokers for salespersons affiliated as independent contractors.20-312bReal estate licensees not deemed “employees” under section 31-275.20-312cAssociate brokers and supervising licensees.20-313Application for license.20-314License qualifications. Examinations. Renewals. Fees. Reinstatement. Hearings.20-314aRegulations concerning approval of schools, courses and advertising. Exemption from experience requirement for certain applicants.20-314bValidity of license.20-314dSchools offering prelicensing or continuing education. Registration. Fees. Instructions.20-314eCourses of prelicensing or continuing education. Registration. Fees.20-316Grounds for refusal of license.20-317Persons licensed in another state as a real estate licensee. Requirements for Connecticut license.20-318Certificate.20-319Disclosures re representation, agency relationships, confidentiality and fair housing. Regulations. Fee.20-319aChange of salesperson's or associate broker's employment or affiliation. Change or transfer of team's registration. Fees.20-320Suspension or revocation of license or registration. Fines.20-320aPaid referral of any buyer of real property to an attorney, mortgage broker or lender prohibited.20-320bProhibition against influencing real estate appraisals. Violation, penalty.20-321Notice and hearing.20-322Appeal.20-323Revocation of license upon conviction of crime.20-324Misrepresentation; penalty.20-324aReal Estate Guaranty Fund.20-324bFee payable to fund.20-324cLevel of guaranty fund. Credits to guaranty fund and General Fund.20-324dLimitation of actions.20-324eProcedure.20-324fPenalty for false or untrue claim.20-324gProcedure for commission.20-324hPayment from guaranty fund.20-324iRegulations.20-324kBrokers to maintain escrow or trust account for certain moneys held. Disputed deposits.20-324lLeasing agents.20-325Engaging in real estate business without license.20-325aActions to recover commissions arising out of real estate transactions. Real estate broker's lien for real property. Claim for lien. Provisions re commercial real estate transactions.20-325bCertain real estate agreements to contain notice regarding commissions. Requirements.20-325cReal estate licensee acting as mortgage broker.20-325dDisclosures re representation, agency relationships, confidentiality and fair housing. Regulations.20-325eHearings re real property claims for liens. Foreclosures. Judicial intervention.20-325fProhibitions on real estate broker subagency.20-325gDual agency consent agreements. Conclusive presumption of informed consent.20-325hProhibitions on use or disclosure of confidential information.20-325iDesignated buyer agents and seller agents.20-325jRegulations re appointment of designated buyer or seller agent.20-325kCommercial real estate transactions. Notice of commission rights.20-325lCooperation with out-of-state brokers and salespersons regarding commercial real estate transactions in this state.20-325mReal estate brokers and leasing agents to retain certain records. Format and disclosure.20-326Report to Governor.20-327aPeriodic publication of information and material.20-327bResidential condition reports. Exemptions. Templates.20-327cCredit due purchaser at closing if report not furnished. Exception. Civil action for nondisclosure of certain defects.20-327dNo new implied or express warranties created. Seller not required to secure inspections, tests or other methods of determining condition of property.20-327eSeller's representations construed to extend to his actual knowledge only.20-327fNotice re existence of hazardous waste facilities. Liability not imposed by section. Seller and licensee not required to participate in compiling list of facilities.20-327gNotice of list of properties upon which hunting or shooting sports regularly take place. Liability not imposed by section.20-327hNotice re housing discrimination and fair housing laws.20-327iInterpreters.20-328Regulations.20-329Exceptions concerning the licensure of real estate licensees.20-329aAdvertising and sale in this state of property in another state: Definitions.20-329bExcepted activities. Filing fees.20-329cSecretary as agent for service of process; bond; license required.20-329dSubmission of documents, promotional plan and advertising materials to department. Filing fees.20-329eInvestigation by department.20-329fIssuance of license. Fees.20-329gReference to commission or department prohibited.20-329hRights of purchasers.20-329jCommission members may not participate.20-329kNonliability of advertising media.20-329lAppeal.20-329mRegulations.20-329nDeposits of purchasers and lessees to be held in escrow.20-329oReal property securities dealers. Definitions. Certain sales not deemed a sale to the public.20-329pLicense and endorsement requirements.20-329qStatement to purchaser.20-329rAppraisal of real property.20-329sFiling and approval of materials to be used by dealer.20-329tAnnual financial report.20-329uDesist order for violation. Appeal.20-329vPermit to sell real property security required. Application.20-329wIssuance or denial of permit. Limitation of commission's authority. Hearing.20-329xProhibited acts. Penalty.20-329yCivil action for injury from transaction.20-329zRegulations.20-329aaAppeal.20-329bbExemptions.20-329cc“Nonmaterial fact concerning real property” defined.20-329ddNonmaterial fact concerning real property. No disclosure required. No cause of action.20-329eePurchaser or lessee may request written disclosure of property's status re homicide, other felony or suicide.20-329ffLegal rights retained for physical deficiencies.20-329hhCustodial brokers. Appointment and duties.