Connecticut House Bill HB05375

Connecticut 2020 Regular Session

• Introduced: 2/27/20
• Refer: 2/27/20
• Report Pass: 3/10/20

Caption

An Act Concerning Licensing Requirements For Real Estate Brokers.

Impact

The proposed adjustments to the licensing criteria could have significant implications for the real estate industry, as it may allow more individuals to enter the field more quickly. This move is designed to alleviate burdens on prospective brokers by recognizing prior work experience as an adequate substitute for continued education courses. The waiver for elective courses further supports this intention, potentially leading to an increase in the number of active real estate professionals in the state.

Summary

House Bill 05375 proposes amendments to the licensing requirements for real estate brokers in the state. The bill aims to streamline the process for obtaining a real estate broker's license, primarily by reducing the prerequisites for applicants. Currently, applicants must have two years of active engagement as licensed real estate salespersons, as well as complete several specific courses. The bill changes the requirement for engagement to a total of 1,500 hours of active work in the last three years instead of an outright two-year requirement, making it easier for individuals to qualify for a license.

Contention

However, there are notable points of contention surrounding HB 05375. Critics may argue that relaxing licensing requirements could diminish the overall quality of real estate professionals in the market. Concerns about adequate training and education to deliver informed services to buyers and sellers remain central to the debate. Proponents believe that such changes will not only simplify the onboarding process but also invigorate the real estate market by increasing the number of qualified brokers ready to serve clients efficiently.