Connecticut 2019 Regular Session

Connecticut House Bill HB07178 Latest Draft

Bill / Chaptered Version Filed 06/24/2019

                             
 
 
House Bill No. 7178 
 
Public Act No. 19-158 
 
 
AN ACT CONCERNING DI SCLOSURES BY REAL ES TATE 
BROKERS AND SALESPER SONS. 
Be it enacted by the Senate and House of Representatives in General 
Assembly convened: 
 
Section 1. Section 20-325d of the general statutes is repealed and the 
following is substituted in lieu thereof (Effective January 1, 2020): 
(a) On and after January 1, [2018] 2020, a real estate broker or real 
estate salesperson licensed under this chapter who represents a seller 
[,] or lessor [, prospective purchaser or lessee] in a commercial real 
estate transaction in this state or a real estate transaction involving 
residential real property, as defined in section 20-325c, shall disclose, 
in writing, the identity of his or her client to any prospective purchaser 
or lessee of such real estate or real property who is: 
(1) A party to the transaction; [who is not] and 
(2) Not represented by another real estate broker or real estate 
salesperson licensed under this chapter. 
(b) The real estate broker or real estate salesperson shall make the 
disclosure required under subsection (a) of this section [: (1) If the 
transaction concerns residential real property, as defined in section 20-
325c, (A) at the beginning of the first personal meeting concerning the  House Bill No. 7178 
 
Public Act No. 19-158 	2 of 2 
 
prospective purchaser's or lessee's specific needs in the transaction, or 
(B) at the beginning of the first personal meeting with the seller or 
lessor concerning the seller's or lessor's real property; or (2) if the 
transaction is a commercial real estate transaction, as defined in section 
20-311,] before the prospective purchaser or lessee signs [the] a 
purchase contract or lease as part of the transaction. Such disclosure 
shall be signed by [a] such prospective purchaser or lessee and 
attached to any offer or agreement to purchase or lease signed by [a] 
such prospective purchaser or lessee as part of such transaction.  
(c) The Commissioner of Consumer Protection [shall] may adopt 
such regulations, in accordance with chapter 54, as the commissioner 
deems necessary to carry out the provisions of this section.