Which Connecticut statute specifically governs the requirement for real estate licensees to provide written agency disclosure to buyers and sellers?
Correct Answer
C) CGS § 20-325c
CGS § 20-325c is the Connecticut Agency Disclosure Law that specifically mandates written agency disclosure at first substantive contact. It requires licensees to use the state-approved disclosure form and clarify the nature of the agency relationship being offered.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
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