What’s the difference between a salesperson and a broker license in CT
A real estate broker license enables you to act on behalf of a person or entity for a fee, commission, or other valuable consideration, on the sale, purchase, exchange, at lease, or rental of an interest in real estate. A real estate salesperson is someone who is affiliated with a real estate broker to list for sale, assist with the purchase, or assist with the leasing of real estate on behalf of the said broker.
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Before you can apply for your CT salesperson license, you first must complete a 60-hour course called Real Estate Principles and Practices. You need to earn a course completion certificate to turn in with your license application. Otherwise, there are no general requirements to be a real estate salesperson in CT.
The Connecticut Department of Consumer Protection has contracted with PSI to manage the real estate licensing process. The Candidate Information Handbook has the Real Estate License Application. Follow the directions to complete the application and mail the forms to PSI Examination Services.
The license application processing fee is $80 made payable to PSI Examination Services. You'll need to send a check or money order with your license application.
Documents to include in your application are the Original Real Estate Principles & Practices Course Completion Certificate and a check or money order for $80.00 made payable to PSI Examination Services.
The best time to file your license application is as soon as you have the pre-license course completion certificate. You want to take the exam when the information is fresh in your mind. Since being approved for the exam takes a few weeks, it's in your best interest to get approved as quickly as possible.
No, you must be hired by a Connecticut licensed broker to activate your salesperson license. You have two years from passing the exam to be hired by a broker and activate your license, or you'll need to take the exam again.
If you have an inactive license, you cannot engage in any real estate salesperson activities. An active license means you can work as a real estate agent, perform real estate activities, and be compensated for work as a real estate professional.
A real estate broker is allowed to assist clients with the sale, purchase, lease, or transfer of real estate and receive a fee, commission, or other valuable consideration. A real estate salesperson is allowed to work on behalf of a broker to assist clients with real estate activities.