Connecticut Real Estate Salesperson State Portion

A license not renewed by the 90th day after expiration may be reinstated only if it has been expired for less than three years; once lapsed at least three years the former licensee is ineligible for reinstatement and must apply for a new license.

Receivers, trustees in bankruptcy, administrators, executors and other fiduciaries acting in that capacity, employees of qualifying nonprofit housing corporations, attorneys performing legal duties, and agents solely engaged in leasing activities are exempt, but a leasing agent who also lists properties for sale goes beyond 'solely leasing' and needs a license.

A broker's clerical employee is exempt from licensure and may list property only on behalf of a real estate licensee, but may not negotiate the terms of an agreement, open or be a signatory on the broker's escrow or trust account, or sell, buy, or lease real property for another person for compensation.

$25,000 is the maximum aggregate recovery per one real estate transaction or claim regardless of the number of aggrieved persons or parcels, while $500,000 is the maximum level at which the fund itself is maintained, with any excess transferred to the General Fund.

The fact that property was at any time suspected to have been the site of a death or felony is statutorily a nonmaterial fact requiring no disclosure, and no cause of action arises against the owner or any agent for failing to disclose it.

The statutory definition excludes a prospectus, property report, offering statement or other document a federal or other state agency requires be delivered to a prospective purchaser, and a press release or communication given to a media outlet for general information or public relations purposes where the outlet imposes no charge.

A salesperson applicant must complete an approved real estate principles and practices course of at least 60 classroom hours before the exam, while a broker applicant must have been actively engaged as a licensed salesperson under a supervising licensee for at least three years immediately preceding application with at least 1,500 hours in the business.

Practicing without a required license or committing grounds for discipline such as commingling can draw a fine of not more than $5,000 per violation, whereas willfully misrepresenting a fact required to be disclosed in an application or filing carries a fine of not more than $500, imprisonment not more than six months, or both.

In a third-party action, the broker is liable for the independent-contractor salesperson to the same extent as if the salesperson had been the broker's employee, and compliance with the licensing chapter does not relieve a person of responsibility for agents, employees, or officers.

Informed consent to dual agency is conclusively presumed when the person executes a written Dual Agency Consent Agreement before executing any purchase, sale, or lease contract, while designated agency appointments may be made with regard to a particular transaction only.

The word 'team' is allowed, but abbreviations, terms or phrases such as 'associates,' 'company,' 'corporation,' 'group,' 'LLC,' 'real estate' or 'realty' are prohibited because they imply the team is a business entity.

Connecticut has no county recording system; land records are recorded and maintained at the town clerk's office in the municipality where the property is located.