Connecticut License Law
A Connecticut real estate broker wants to hold an 'auction' to sell a property. To conduct a real estate auction in Connecticut, what is required?
AOnly an auctioneer's license
BA real estate broker's license or auctioneer's license; if using real estate-specific terms and acting as a broker, a Connecticut real estate broker's license is needed✓ Correct
CNo license is required for property auctions
DFederal RESPA authorization
Explanation
Conducting a real estate auction involves real estate brokerage activities. Connecticut requires a real estate broker's license for those who engage in real estate auction services for compensation. An auctioneer's license alone may be insufficient if the auction involves negotiating price, terms, or other real estate brokerage activities.
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