House Bill No. 6921
House Bill No. 6921
PUBLIC ACT NO. 97-41
AN ACT CONCERNING DISCLOSURE OF REPRESENTATION IN
REAL ESTATE TRANSACTIONS.
Be it enacted by the Senate and House of
Representatives in General Assembly convened:
Section 20-325d of the general statutes is
repealed and the following is substituted in lieu
thereof:
On and after January 1, 1995, a real estate
broker or real estate salesperson licensed under
this chapter, who is acting as an agent of the
seller or lessor, shall make a written disclosure
of whom he represents in a real estate transaction
to prospective purchasers and lessees at the
beginning of the first personal meeting concerning
the prospective purchaser's or lessee's specific
needs, UNLESS SUCH PROSPECTIVE PURCHASER OR LESSEE
IS REPRESENTED BY ANOTHER REAL ESTATE BROKER OR
REAL ESTATE SALESPERSON LICENSED UNDER THIS
CHAPTER. Such disclosure shall be signed by the
prospective purchaser or lessee and attached to
any offer or agreement to purchase or lease signed
by the prospective purchaser or lessee. Whenever
any real estate broker or real estate salesperson
intends to act as an agent for the prospective
purchaser or lessee, he shall disclose such
intended representation to the seller or lessor
[or the seller's or lessor's agent] at the
beginning of the first personal meeting with the
seller or lessor [or the seller's or lessor's
agent] concerning the seller's or lessor's real
property, UNLESS SUCH SELLER OR LESSOR IS
REPRESENTED BY ANOTHER REAL ESTATE BROKER OR REAL
ESTATE SALESPERSON LICENSED UNDER THIS CHAPTER. On
or before January 1, 1995, the Commissioner of
Consumer Protection, shall adopt such regulations
in accordance with chapter 54 as the commissioner
deems necessary to carry out the provisions of
this section.
Approved May 14, 1997