Real Estate License Law

Question 1

Structure of the CT Real Estate Commission

Answer 1

eight members (five in real estate business) three licensed brokers and two licensed salerspersons and three members of the public; one member from each congressional district and no more than a bare majority from the same political party

Question 2

Person

Answer 2

individuals, partnerships, associations, limited liability companies or corporations

Question 3

Engaging in the Real Estate Business

Answer 3

any person acting for another and for a fee, commission or other valuable consideration who performs or offers or attempts to perform brokerage activities

Question 4

Real Estate Broker

Answer 4

any person or entity who, for another and for a fee, performs, offers to perform or attempts to perform any of the following activities pertaining to real estate (lists, sells, exchanges, buys, rents or collects rent, resells a mobile home)

Question 5

Real Estate Salesperson

Answer 5

any person employed by a real estate broker or affiliated with a real estate broker as an independent contractor who performs or offers or attempts to perform any of the activities listed previously on behalf of a real estate broker

Question 6

Exemption from Licensure

Answer 6

clerical or custodial employees of a broker, real estate owners and landlords who are not primarily in the real estate business, on site superintendents, attorneys at law when serving as legal counsel, fiduciaries, selling under a court order, trustees, witnesses, government employees within the scope of their regular job, any nonprofit employee who manages section 8

Question 7

Broker License Experience

Answer 7

actively engaged for at least two years as a CT licensed salesperson under the supervision of a CT licensed broker

Question 8

Irrevocable Consent to Suit with the Commission

Answer 8

enables lawsuits and legal actions to be brought against the nonresident licensee in CT

Question 9

Continuing Education

Answer 9

all licenses expire annually, brokers 3/31 salespersons 5/31; must take 12 hours every two years

Question 10

Retirement Status License

Answer 10

any person 65 and older holding an active CT real estate license may renew the license as a retirement status