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Practice Of Real EstateLicense_lawMEDIUM

James, a licensed Connecticut real estate salesperson, wants to also sell insurance products to his real estate clients. Under Connecticut law, which of the following statements is most accurate regarding James's ability to engage in dual occupations?

Correct Answer

D) James may engage in insurance sales only if he obtains a separate Connecticut insurance license and does not mix the two businesses in a way that misleads clients

Connecticut law does not prohibit a real estate licensee from holding other professional licenses, including an insurance license. However, James must obtain a separate Connecticut insurance license issued by the Insurance Department to sell insurance products legally. He must also be careful not to engage in conduct that misleads clients or creates undisclosed conflicts of interest, which could implicate CUTPA and CREC disciplinary rules.

Answer Options
A
Connecticut law prohibits real estate licensees from holding any other professional license simultaneously
B
James may sell insurance without any additional license as long as his broker provides written authorization
C
James may sell insurance to real estate clients only if he discloses the dual role on the CREC-approved agency disclosure form
D
James may engage in insurance sales only if he obtains a separate Connecticut insurance license and does not mix the two businesses in a way that misleads clients

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Related Topics & Key Terms

Key Terms:

dual_occupationinsurance_licenseconflicts_of_interestlicense_requirements

Related Concepts

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