During a CREC disciplinary hearing, it is established that broker David made a materially false statement in a property listing that caused a buyer to purchase a home at an inflated price. In addition to potential license discipline, which Connecticut statute may expose David to civil liability for this deceptive act?
Correct Answer
D) Connecticut Unfair Trade Practices Act (CUTPA), CGS § 42-110a et seq.
CUTPA (CGS § 42-110a et seq.) prohibits unfair or deceptive acts or practices in the conduct of any trade or commerce, including real estate. A buyer harmed by a licensee's materially false statement may bring a civil action under CUTPA for damages, attorney's fees, and punitive damages. CREC may also use CUTPA violations as grounds for license discipline.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
In Wyoming real estate practice, a first-time salesperson applicant completes coursework. What should the licensee remember?
A Wyoming licensee is reviewing an out-of-state salesperson applicant prepares for testing. What is the best answer?
In Wyoming real estate practice, a salesperson applicant age is reviewed. What should the licensee remember?
A responsible broker in Wyoming asks about a nonresident applicant provides home-state evidence. Which answer follows Wyoming law?
- → A responsible broker in Wyoming asks about a first-time salesperson applicant prepares for Wyoming-specific licensing. Which answer follows Wyoming law?
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- → For the Wyoming salesperson state portion, a licensee asks how long Wyoming renewal periods are. Which statement is correct?
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