CT HB07178

Real estate brokers and salespersons must disclose in writing the identity of their client to unrepresented prospective purchasers or lessees who are parties to commercial or residential real estate transactions, effective January 1, 2020.

For residential real property transactions, disclosure must occur at the beginning of the first personal meeting regarding the prospective purchaser's or lessee's specific needs, or at the beginning of the first meeting with the seller or lessor concerning the property.

For commercial real estate transactions, disclosure must be made before the prospective purchaser or lessee signs a purchase contract or lease.

The disclosure must be signed by the prospective purchaser or lessee and attached to any offer or agreement to purchase or lease as part of the transaction.

The Commissioner of Consumer Protection may adopt regulations as deemed necessary to implement the disclosure requirements.