Connecticut Administrative Code › Title 20 - Professional and Occupational Licensing, Certification › 328 - Real Estate Brokers and Salesmen › Section 20-328-6a - Agreements

Current through July 10, 2024
(a)
(1)
			 Before a licensee attempts to negotiate a sale, exchange, or lease of real
			 estate, other than a commercial real estate transaction, on behalf of the owner
			 or lessor of real estate, the licensee shall enter into a listing agreement
			 with the party or parties for whom the licensee will act. All listing
			 agreements shall be in writing, properly identifying the property and
			 containing all of the terms and conditions of the sale, exchange or lease,
			 including the commission to be paid, the date on which the listing agreement is
			 entered into and its expiration date. The listing agreement shall be signed by
			 the owner, seller or lessor or an agent authorized to act on behalf of the
			 owner, seller or lessor only by a written document executed in the manner
			 provided for conveyances in Connecticut General Statutes, Section
			 47-5,
			 and by the broker or the broker's authorized agent. The type of listing shall
			 be clearly indicated in the listing agreement. The licensee shall deliver
			 immediately a copy of any listing agreement to any party or parties executing
			 the same, where such listing agreement has been prepared by such licensee or
			 under the licensee's supervision and where such listing agreement relates to a
			 real estate transaction with which the licensee is associated as a broker or a
			 salesman. For listing agreements entered into on or after October 1, 2004, if
			 the real estate broker permits real estate licensees not affiliated with the
			 real estate broker to advertise the real estate, the real estate broker shall
			 disclose such permission and all exceptions to the advertising on the listing
			 agreement and obtain the owner's or lessor's authorization for such
			 advertising.
(2) Before a licensee
			 attempts to negotiate a purchase, exchange or lease of real estate, other than
			 a commercial real estate transaction, on behalf of a prospective buyer or
			 lessee of real estate, the licensee shall enter into an agency agreement with
			 the party or parties for whom the licensee will act. All agency agreements
			 shall be in writing, containing all of the terms and conditions of the agency
			 agreement, including the compensation to be paid, the date on which the agency
			 agreement is entered into and its expiration date. The agency agreement shall
			 be signed by the prospective buyer or lessee or an agent authorized to act on
			 behalf of the prospective buyer or lessee only by a written document executed
			 in the manner provided for conveyances in Connecticut General Statutes, section
			 47-5,
			 and by the broker or the broker's authorized agent. The licensee shall deliver
			 immediately a copy of any agency agreement to any party or parties executing
			 the same, where such agency agreement has been prepared by such licensee or
			 under the licensee's supervision and where such buyer agency agreement relates
			 to a real estate transaction with which the licensee is associated as a broker
			 or salesman.