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 Subsection (d) of section 20-314 of the general statutes is 1 repealed and the following is substituted in lieu thereof (Effective January 2 1, 2021): 3 (d) (1) (A) Each applicant applying for a real estate broker's license on 4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