Under Connecticut agency disclosure law (CGS § 20-325c), which of the following is NOT a requirement of the agency disclosure that must be provided to a buyer or seller at first substantive contact?
Correct Answer
C) The disclosure must include the licensee's commission rate and how it will be split between brokerages
CGS § 20-325c requires written agency disclosure using the state-approved form at first substantive contact, clarifying the nature of the agency relationship. It does NOT require disclosure of the commission rate or commission split between brokerages. Commission arrangements are a separate matter addressed in listing agreements and cooperative agreements, not in the agency disclosure form.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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