| Form # |
Form Name |
Replaces Revision Date |
Brief description of how the form was revised |
| V-1 |
Commercial Exclusive Right to Represent Buyer/Tenant Contract |
9/23 |
This form has been updated to reflect similar changes made to the residential contracts with regard to compensation.
The term “commission” has been changed to either compensation or professional service fee.
The following disclosure was added to Section 4:
h. It is acknowledged and understood that you may not receive compensation for the services provided hereunder from any source with respect to this Contract in any amount which exceeds the amount or rate set forth in this Section 4.
Other housekeeping items include removing the reference to specific subsections for the state statute on broker’s liens and cleaning up the Execution by Electronic Methods section.
|
| U-1 |
Commercial Exclusive Right to Sell/Lease/Exchange Listing Agreement |
9/23 |
This form has been updated to reflect similar changes made to the residential contracts with regard to compensation.
The term “commission” has been changed to either compensation or professional service fee.
The following disclosure was added to Section 5:
It is acknowledged and understood that you may not receive compensation for the services provided hereunder from any source with respect to this Contract in any amount which exceeds the amount or rate set forth in this Section 5.
Other housekeeping items include removing the reference to specific subsections for the state statute on broker’s liens and cleaning up the Execution by Electronic Methods section.
|
| |
Agency Disclosure |
1/00 |
Per updated state regulations:
Disclosures to Unrepresented Parties
Upon the request of a party who is not represented by a real estate licensee a buyer’s or seller’s agents must disclose who is represented by the brokerage firm and its agents.
Form 2 the Real Estate Agency Disclosure Notice Given to Unrepresented Persons has been removed from the regulations. In place of the previously required form, a new form has been posted to the department’s website and requires disclosure of the following:
- The name of the real estate licensee
- The property address
- The name of the buyer
- The name of the seller
- A clear statement of who is and is not represented by the real estate licensee
|
| |
Dual Agency Disclosure
Dual/Designated Agency Disclosure |
1997
1/00 |
Per updated state regulations:
Dual and Designated Agency Disclosure
Forms related to Dual/Designated Agency have been removed from the regulations. The updated regulations keep in place required disclosures, and in place of the forms previously published in regulation the Department has posted template forms on its website.
When a real estate licensee represents both the prospective seller and buyer, both parties must agree to dual agency using the consent form mandated in section 20-325g of the Connecticut General Statutes.
As previously allowed, when a broker is acting as a dual agent, they may appoint designated seller’s and buyer’s agents for a particular transaction. Once appointed, the broker must provide written notice to both prospective parties and obtain written consent from both prospective parties. The written notice must include the following:
- A description of the roles and responsibilities of appointing brokers and designated agents
- An acknowledgment from each prospective party that they consent to the appointment of designated agents
- Names of the appointed designated agents for each prospective party
- Name of appointing broker or authorized agent of such appointing broker
A combined dual and designated agency form may be utilized.
|
These changes will be available on DocuSign, dotloop, Glide, Skyslope, Transaction Desk and zipForm as soon as possible.
If you have a question or comment about our forms, please email Shelley Devanney. Remember, the CTR legal hotline is the number to call for specific legal issues: 860-566-8333.
