I Am The Holder Of A Salespersons License. Can I Form My Own Have To Be A Licensed Salesperson Before I Can Become A Broker?

Other Connecticut Real Estate FAQs

• Q: Do I Have A 30-Day Grace Period To Renew My Licensee?
  A: 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
• Q: I Am Starting A Limited Liability Company. Does My Llc Need To Be Licensed?
  A: 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
• Q: Can I Sell Real Estate Without A Sponsoring Broker?
  A: No, all real estate salespeople must have a sponsoring broker to maintain an active license and sell real estate. More
• Q: Will The State Hold My License For Me Instead Of It Being Held By A Broker?
  A: 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
• Q: 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?
  A: 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
• Q: I Hold A Brokers License And Have Numerous Salespeople Affiliated With Me As Salespersons. Am I Responsible For Their Actions?
  A: Yes. State law states that brokers are equally responsible for the acts or omissions of their salespeople. More
• Q: 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?
  A: State law requires that you shall "deliver immediately" a copy of any listing agreement to any party executing the same More