Raised Bill No. 7078 introduces significant amendments to Connecticut's real estate laws, focusing on the removal of unauthorized individuals from properties, updating licensing terminology, and enhancing transparency in real estate transactions. The bill defines "unauthorized person" and establishes a process for property owners to request their removal through a state marshal, requiring an affidavit to confirm the unauthorized status and the absence of pending litigation. Additionally, the bill repeals Section 20-319 and replaces it with new provisions that mandate a two-year renewal license for real estate licensees, which includes continuing education requirements. It also introduces penalties for false statements in affidavits and outlines the rights of property owners and law enforcement regarding unlawful occupants.

Moreover, the bill modernizes terminology by replacing "salesperson" with "agent" throughout various sections and introduces new definitions to clarify real estate practices. It establishes a written residential condition report that sellers must provide to prospective buyers, detailing the property's condition and any known issues, particularly concerning crumbling foundations. The bill also regulates wholesaling agreements, requiring sellers to disclose specific information before entering into contracts with wholesalers. Additionally, it mandates a study on equal access to housing and fairness in real estate transactions, with a report due by February 1, 2026. Overall, Raised Bill No. 7078 aims to enhance clarity, accountability, and consumer protection within the real estate sector in Connecticut.

Statutes affected:
Raised Bill: 20-319, 20-311, 20-312a, 20-314, 20-324l, 20-325l, 20-327b, 20-329a, 20-526, 31-222, 47-100