Connecticut License Law
A Connecticut real estate licensee found guilty of 'net listing' violations may face discipline because net listings:
AAre required under Connecticut law
BCreate a conflict of interest—the agent profits more by obtaining a lower price for the seller✓ Correct
CAre permitted only for commercial properties
DRequire dual agency disclosure
Explanation
Net listings (where the agent keeps everything above a specified net to the seller) are discouraged or strongly discouraged in Connecticut because they create a conflict of interest, incentivizing the agent to sell at the lowest price.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
State-Specific Concepts
License Law
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