In Connecticut, the agency disclosure form required under CGS § 20-325c must be provided to a prospective buyer or seller at what point in the relationship?
Correct Answer
D) At the first substantive contact between the licensee and the prospective client
CGS § 20-325c requires Connecticut licensees to provide the state-approved agency disclosure form at the first substantive contact with a prospective buyer or seller. 'First substantive contact' means the first interaction in which real estate needs, financial qualifications, or motivation are discussed — it is not limited to the moment a formal agreement is signed or a property is shown. This timing requirement is a key Connecticut-specific rule that distinguishes the state exam from national content.
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Related Topics & Key Terms
Key Terms:
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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