Bill Summary: HB 7300 - Licensing of Leasing Agents

• Creates a new "leasing agent" license category for individuals engaging in residential real estate leasing or renting activities for a fee, separate from existing broker and salesperson licenses.

• Requires leasing agents to complete at least 30 classroom hours of real estate principles and practices training and pass a written examination before licensure; application fee is $80.

• Establishes that licensed leasing agents may only engage in residential leasing activities and must be either employed by a sponsoring broker or directly employed by a property owner, with a written contract required for property owner employment.

• Applies existing real estate broker regulations to leasing agents including continuing education requirements, conduct standards, disciplinary procedures, and inclusion in the Real Estate Guaranty Fund for consumer protection.

• Effective date of October 1, 2019 for all amendments to Connecticut General Statutes sections governing real estate licensing.