Connecticut Brokerage Practice and Trust Accounts
This chapter covers Connecticut's day-to-day practice rules: escrow and trust accounts, supervision and advertising, and the broker's responsibility for client funds.
Escrow and Trust Accounts
The supervising broker is responsible for the brokerage's escrow or trust account. Client funds such as deposits must be placed in that account, kept separate from the broker's own funds, and properly accounted for. Commingling or converting client funds violates Connecticut license law and can result in discipline.
Supervision and Advertising
Connecticut advertising must be conducted under the supervising broker and must not be false or misleading. A salesperson advertises in the name of the broker's firm. Because the broker supervises the salesperson, violations by the salesperson can also expose the broker to discipline.
Handling Client Funds and Records
Licensees must promptly deliver client funds they receive to the supervising broker for deposit into the trust account, and the brokerage must maintain accurate transaction and account records. These records must be available to the Department of Consumer Protection on request.
State-specific details
State exam facts
- Exam vendor
- PSI
- Prelicensing education
- 60 hours (Principles and Practices of Real Estate course)
How many prelicensing hours does Connecticut require to become a real estate agent?
Connecticut requires a 60-hour Principles and Practices of Real Estate course approved by the Real Estate Commission before you sit for the salesperson exam.
Who licenses real estate agents in Connecticut?
The Connecticut Real Estate Commission, within the Department of Consumer Protection (DCP), licenses salespersons and brokers. The Commission uses PSI to deliver the exam.
How is the Connecticut salesperson exam structured?
The Connecticut salesperson exam is delivered by PSI with a national portion and a Connecticut state portion, scored separately; you must pass both. Confirm the current scored-question counts in the PSI Candidate Information Bulletin.
Sources: https://portal.ct.gov/DCP/License-Services-Division/Real-Estate/Real-Estate, https://www.psiexams.com/
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