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AgencyDisclosure_requirementsEASY

Connecticut law requires real estate licensees to provide agency disclosure at first substantive contact. Which of the following situations would NOT trigger the first substantive contact disclosure requirement under CGS § 20-325c?

Correct Answer

C) A licensee answers a general inquiry call from a member of the public asking about current mortgage interest rates

A general inquiry about mortgage interest rates is not substantive contact about a specific property or a specific buyer's real estate needs. CGS § 20-325c defines first substantive contact as meaningful discussion related to a specific property or a prospective buyer's or seller's particular needs. A question about general market conditions such as current interest rates does not meet this threshold and therefore does not trigger the agency disclosure requirement.

Answer Options
A
A buyer calls a licensee to ask about the square footage and price of a specific listing they saw advertised online
B
A licensee meets with a prospective seller to discuss pricing strategy and marketing plans for their home
C
A licensee answers a general inquiry call from a member of the public asking about current mortgage interest rates
D
A buyer's agent meets with a prospective buyer to discuss the buyer's preferred neighborhoods and price range

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Related Topics & Key Terms

Key Terms:

agency_disclosurefirst_substantive_contactCGS_20-325cgeneral_inquiryreverse_question

Related Concepts

The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.

A legal relationship in which one person (the agent) is authorized to act on behalf of another person (the principal) in business transactions with third parties.

The legal ending of an agency relationship, which can occur through completion, expiration, mutual agreement, breach, death, incapacity, or bankruptcy of either party.

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