Agency
A Connecticut real estate licensee must present the 'Working With a Real Estate Broker' disclosure to a prospective buyer or seller:
AAt closing
BBefore or at the first substantive contact✓ Correct
COnly when a written agency agreement is signed
DOnly if the consumer requests it
Explanation
Connecticut law requires licensees to provide the agency disclosure form at or before the first substantive contact with a prospective buyer or seller so parties understand who the licensee represents.
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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.
Buyer's AgentA real estate licensee who represents the buyer's interests in a transaction, owing fiduciary duties to the buyer.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
State-Specific Concepts
Disclosure Requirements
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