Conn. Gen. Stat. § 20-325b

Current with legislation from the 2024 Regular and Special Sessions.

Section 20-325b - Certain real estate agreements to contain notice regarding commissions. Requirements

Each written agreement which fixes the compensation to be paid to a real estate broker for the sale, lease or purchase of real property shall contain the following statement in not less than ten point boldface type or in a manner which otherwise stands out significantly from the text immediately preceding any provision of such agreement relating to compensation of the broker:

"NOTICE: THE AMOUNT OR RATE OF REAL ESTATE BROKER COMPENSATION IS NOT FIXED BY LAW. IT IS SET BY EACH BROKER INDIVIDUALLY AND MAY BE NEGOTIABLE BETWEEN YOU AND THE BROKER."

Conn. Gen. Stat. § 20-325b

(P.A. 80-99, S. 1, 2; P.A. 81-178, S. 2, 3; P.A. 94-240, S. 4, 14.)

Cited. 213 Conn. 612. Cited. 7 CA 570; 13 Conn.App. 527. Cited. 41 Conn.Supp. 225.