CT SB00018

Adds a new exemption (subsection 10) to real estate broker and salesperson licensure requirements for salaried employees of limited liability companies that manage leased residential properties.

Permits these LLC employees to exhibit residential units to prospective tenants, provide factual leasing information, accept lease applications, and collect security deposits and rent payments without a real estate license.

Explicitly prohibits these employees from negotiating lease terms on behalf of the property owner or employed real estate broker.

Effective October 1, 2010, amending Connecticut General Statutes Section 20-329.