Connecticut Real Estate FAQs
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Do I have a 30-day grace period to renew my licensee?
No. The 30day grace period is for the imposition of a late fee. Example: Your license expires May 31. If you engage in the real estate business without renewing … more -
I am starting a limited liability company. Does my LLC need to be licensed?
Yes. Limited liability companies, corporations, and other legal entities are required to be licensed and a broker of record must be appointed. The broker of record is … more -
I am the holder of a salesperson’s license. Can I form my own have to be a licensed salesperson before I can become a broker?
You must have an active salesperson's license for two years and must complete the educational requirements before you apply for a broker's license.. more -
Can I sell real estate without a sponsoring broker?
No, all real estate salespeople must have a sponsoring broker to maintain an active license and sell real estate. more -
Will the State hold my license for me instead of it being held by a broker?
No, the State does not "hold" licenses. A licensee can choose to become inactive and then reinstate within two years from the expiration date without testing simply … more -
I received a listing through a connection with a friend. My friend is unlicensed. Can I share a portion of my commission with my friend?
No. State laws prohibits the sharing of commission or compensation, whether directly or indirectly, with an individual who was not a broker or salesperson when the … more -
I hold a broker’s license and have numerous salespeople affiliated with me as salespersons. Am I responsible for their actions?
Yes. State law states that brokers are equally responsible for the acts or omissions of their salespeople. more -
I just signed a listing agreement with a client. What is the time frame in which I have to give the client a copy of the listing agreement?
State law requires that you shall "deliver immediately" a copy of any listing agreement to any party executing the same more
