Connecticut Real Estate Salesperson Exam — All Questions
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Under Connecticut law, when must a licensee present the required agency disclosure notice to an unrepresented consumer?
- a.Only at closing
- b.At the beginning of the first personal meeting concerning the consumer's real estate needs, before confidential information is shared✓
- c.Only after a purchase offer is accepted
- d.Never, because Connecticut does not require agency disclosure
Connecticut requires licensees to present the agency disclosure notice at the beginning of the first personal meeting about a consumer's real estate needs or concerning a specific property, before confidential information is exchanged, so the consumer understands the representation options.
In Connecticut, when a brokerage represents both the buyer and the seller, the broker may assign different affiliated licensees to represent each party. This arrangement is called:
- a.Subagency
- b.Open agency
- c.Designated agency✓
- d.Vicarious agency
Connecticut permits designated agency, in which a broker whose firm represents both parties assigns (designates) different affiliated licensees to represent the buyer and the seller separately. Connecticut also allows dual agency with the informed written consent of both parties. Both arrangements require proper disclosure and consent.