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CT SB00201

Bill

Status

Passed

6/4/2024

Primary Sponsor

General Law Committee

Click for details

Origin

Senate

2024 General Assembly

AI Summary

Public Act No. 24-101 Summary

  • Prohibits real estate listing providers from entering into "unfair real estate listing agreements" for Connecticut residential properties (1-4 family homes) effective July 1, 2024, and declares such agreements unenforceable.

  • Defines unfair agreements as those requiring no performance within one year AND either running with the land, allowing assignment without owner consent, or creating liens on the property.

  • Requires providers who entered agreements before July 1, 2024 to rerecord them and file notices with town clerks by July 31, 2024, or face voidability; agreements not properly recorded are void and unenforceable.

  • Allows property owners or the Attorney General to petition Superior Court to declare recorded unfair agreements void and unenforceable, with recoverable actual damages, costs, and attorney's fees against violating providers.

  • Requires notification to property owners, town clerks, and the Attorney General within 30 days when listing rights are assigned under such agreements.

Legislative Description

An Act Concerning Unfair Real Estate Listing Agreements And The Connecticut Unfair Trade Practices Act.

Last Action

Signed by the Governor

6/4/2024

Committee Referrals

Judiciary4/17/2024
General Law2/22/2024

Full Bill Text

No bill text available