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CT HB05375
Bill
Status
2/27/2020
Primary Sponsor
Insurance and Real Estate Committee
Click for details
AI Summary
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Creates two different licensing pathways for real estate brokers depending on application date: one for applicants before January 1, 2021, and a more stringent one for applicants on or after January 1, 2021.
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For applicants after January 1, 2021, requires 1,500 hours of active engagement as a licensed salesperson over the three years prior to application (instead of just two years), with supervisor certification of hours worked.
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Requires applicants after January 1, 2021, to have represented at least four closed real estate transactions within three years preceding application, a new requirement not previously mandated.
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Maintains course requirements for both pathways: 60 hours in real estate principles and practices, 15 hours in legal compliance, 15 hours in brokerage principles, and two 15-hour elective courses.
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Allows waiver of elective courses if applicant has completed at least 20 real estate transactions within five years before application; requires supervising brokers to certify applicant records within 90 days of receipt.
Legislative Description
An Act Concerning Licensing Requirements For Real Estate Brokers.
Last Action
Joint Favorable
3/10/2020