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CT HB06773

Bill

Status

Passed

6/23/2015

Primary Sponsor

Insurance and Real Estate Committee

Click for details

Origin

House of Representatives

2015 General Assembly

AI Summary

  • Effective July 1, 2016, real estate broker license applicants must have been actively engaged as a licensed real estate salesperson in Connecticut for at least two years under broker supervision.

  • Broker applicants must complete four required courses: real estate principles and practices (60 classroom hours), real estate legal compliance (15 classroom hours), real estate brokerage principles and practices (15 classroom hours), and two elective courses (15 classroom hours each).

  • The commission may waive the two elective courses if an applicant has successfully completed at least twenty real estate transactions within the five years immediately preceding application.

  • Real estate transaction is defined as any transaction in which real property is legally transferred to another party or a lease agreement is executed between a landlord and tenant.

  • Real estate salesperson license applicants must complete a course in real estate principles and practices (60 classroom hours) or have equivalent experience or education as determined by the commission.

Legislative Description

An Act Concerning Licensure Requirements For Real Estate Brokers.

Last Action

Signed by the Governor

6/23/2015

Committee Referrals

Insurance and Real Estate2/11/2015

Full Bill Text

No bill text available