Topic:
BUSINESS (GENERAL); LICENSING; REAL PROPERTY;
Location:
LICENSING - REAL ESTATE;

OLR Research Report


October 25, 2007

 

2007-R-0617

INTERSTATE LAND SALES

By: Daniel Duffy, Principal Analyst

You asked if a business selling subdivision lots located in another state may respond to a Connecticut resident's request for information about the lots if the business is not licensed by Connecticut. This office is not authorized to render legal opinions and this report should not be construed as one.

A business engaged in this type of activity must hold a Connecticut license to make an offer to sell or convey any interest in a subdivision or a parcel, lot, or unit in a subdivision (CGS § 20-329a). The law defines “offer” in a way to include every inducement, solicitation, or attempt to bring about a sale.

To obtain a license, a business must apply for one from the Real Estate Commission, which grants a license if it approves of the business's prospectus, property report, or offering statement (CGS § 20-329f).

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