Connecticut 2020 Regular Session

Connecticut House Bill HB05375 Compare Versions

Only one version of the bill is available at this time.

Old	New	Differences
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2	2
3	3	LCO No. 1991 1 of 4
4	4
5	5	General Assembly Raised Bill No. 5375
6	6	February Session, 2020
7	7	LCO No. 1991
8	8
9	9
10	10	Referred to Committee on INSURANCE AND REAL ESTATE
11	11
12	12
13	13	Introduced by:
14	14	(INS)
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19	19	AN ACT CONCERNING LI CENSING REQUIREMENTS FOR REAL
20	20	ESTATE BROKERS.
21	21	Be it enacted by the Senate and House of Representatives in General
22	22	Assembly convened:
23	23
24	24	Section 1. Subsection (d) of section 20-314 of the general statutes is 1
25	25	repealed and the following is substituted in lieu thereof (Effective January 2
26	26	1, 2021): 3
27	27	(d) (1) (A) Each applicant applying for a real estate broker's license on 4
28	28	or after July 1, 2016, but before January 1, 2021, shall, before being 5
29	29	admitted to such examination, prove to the satisfaction of the 6
30	30	commission or the Commissioner of Consumer Protection that the 7
31	31	applicant [(A) (i)] (i) (I) has been actively engaged for at least two years 8
32	32	as a licensed real estate salesperson under the supervision of a licensed 9
33	33	real estate broker in this state, [(ii)] (II) has successfully completed a 10
34	34	course approved by the commission or commissioner in real estate 11
35	35	principles and practices of at least sixty classroom hours of study, [(iii)] 12
36	36	(III) has successfully completed a course approved by the commission 13
37	37	or commissioner in real estate legal compliance consisting of at least 14
38	38	fifteen classroom hours of study, [(iv)] (IV) has successfully completed 15 Raised Bill No. 5375
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41	41
42	42	LCO No. 1991 2 of 4
43	43
44	44	a course approved by the commission or commissioner in real estate 16
45	45	brokerage principles and practices consisting of at least fifteen 17
46	46	classroom hours, and [(v)] (V) has successfully completed two elective 18
47	47	courses, each consisting of fifteen classroom hours of study, as 19
48	48	prescribed by the commission or commissioner, or [(B)] (ii) has 20
49	49	equivalent experience or education as determined by the commission or 21
50	50	commissioner. 22
51	51	(B) Each applicant applying for a real estate broker's license on or 23
52	52	after January 1, 2021, shall, before being admitted to such examination, 24
53	53	prove to the satisfaction of the commission or the Commissioner of 25
54	54	Consumer Protection that the applicant (i) (I) has been actively engaged 26
55	55	as a licensed real estate salesperson under the supervision of a licensed 27
56	56	real estate broker in this state for at least one thousand five hundred 28
57	57	hours during the three years immediately preceding the date on which 29
58	58	such applicant filed such applicant's application, and such supervising 30
59	59	licensed real estate broker, or such supervising licensed real estate 31
60	60	broker's authorized representative, has certified the accuracy of a record 32
61	61	of such applicant's active engagement on a form provided by such 33
62	62	applicant to such supervising licensed real estate broker or authorized 34
63	63	representative, (II) has successfully completed a course approved by the 35
64	64	commission or commissioner in real estate principles and practices of at 36
65	65	least sixty classroom hours of study, (III) has successfully completed a 37
66	66	course approved by the commission or commissioner in real estate legal 38
67	67	compliance consisting of at least fifteen classroom hours of study, (IV) 39
68	68	has successfully completed a course approved by the commission or 40
69	69	commissioner in real estate brokerage principles and practices 41
70	70	consisting of at least fifteen classroom hours, (V) has successfully 42
71	71	completed two elective courses, each consisting of fifteen classroom 43
72	72	hours of study, as prescribed by the commission or commissioner, and 44
73	73	(VI) has represented a seller, buyer, lessor or lessee in at least four real 45
74	74	estate transactions that closed during the three years immediately 46
75	75	preceding the date on which such applicant filed such applicant's 47
76	76	application, or (ii) has equivalent experience or education as determined 48
77	77	by the commission or commissioner. Each supervising licensed real 49 Raised Bill No. 5375
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79	79
80	80
81	81	LCO No. 1991 3 of 4
82	82
83	83	estate broker, or authorized representative of such supervising licensed 50
84	84	real estate broker, shall certify the accuracy or inaccuracy of a record 51
85	85	provided by an applicant to such supervising licensed real estate broker 52
86	86	or authorized representative under subparagraph (B)(i)(I) of this 53
87	87	subdivision not later than ninety days after such applicant provides 54
88	88	such record to such supervising licensed real estate broker or authorized 55
89	89	representative. 56
90	90	(2) The commission or the Commissioner of Consumer Protection 57
91	91	shall waive the elective courses under subparagraph [(A)(v)] (A)(i)(V) 58
92	92	or (B)(i)(V) of subdivision (1) of this subsection if the applicant has 59
93	93	successfully completed at least twenty real estate transactions within 60
94	94	five years immediately preceding the date of application. As used in this 61
95	95	subdivision, "real estate transaction" means any transaction in which 62
96	96	real property is legally transferred to another party or in which a lease 63
97	97	agreement is executed between a landlord and a tenant. 64
98	98	(3) Each applicant for a real estate salesperson's license shall, before 65
99	99	being admitted to such examination, prove to the satisfaction of the 66
100	100	commission or the Commissioner of Consumer Protection that the 67
101	101	applicant (A) has successfully completed a course approved by the 68
102	102	commission or commissioner in real estate principles and practices 69
103	103	consisting of at least sixty classroom hours of study, or (B) has 70
104	104	equivalent experience or education as determined by the commission or 71
105	105	commissioner. 72
106	106	This act shall take effect as follows and shall amend the following
107	107	sections:
108	108
109	109	Section 1 January 1, 2021 20-314(d)
110	110
111	111	Statement of Purpose:
112	112	To modify the preconditions to issuing a real estate broker's license in
113	113	this state.
114	114	[Proposed deletions are enclosed in brackets. Proposed additions are indicated by underline, except
115	115	that when the entire text of a bill or resolution or a section of a bill or resolution is new, it is not
116	116	underlined.] Raised Bill No. 5375
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120	120	LCO No. 1991 4 of 4
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