Sec.20-329m-4. Application for license

Any broker who wishes to offer for disposition or to dispose of any subdivision or lot, parcel, unit or interest in any subdivision, and who is required to obtain a license to do so from the Department, shall submit to the Department:

(1) A license application form prescribed by the Commissioner, duly completed by the applicant under oath. Such questionnaire and license application form shall include, but shall not be limited to, a statement by the applicant

(A) that he or she has reviewed and verified the truth, authenticity and accuracy of all papers, maps, plats, plans, drawings, photographs, permissions, licenses, documents, deeds, instruments and promotional material, including, but not limited to, the sales prospectus or property report which is to be used in every offer of disposition in this state of any subdivision or lot, parcel, unit or interest in any subdivision, and

(B) that all such materials and documentation reasonably portray the facts relating to the subdivision and any lot, parcel, unit or interest therein and its situation and location, and

(C) that such materials and documentation are in no way misleading and subject to misinterpretation by the public;

(2) proof of compliance with the requirements of section 20-329c of the general statutes relating to the appointment of the Secretary of the State as the broker's attorney for service of process;

(3) details of any bond which may be required by the Department;

(4) a detailed statement of the method of handling all deposit monies received by the broker from any person, purchaser or prospective purchaser including but not limited to the name and address of the bank in which the escrow account is established, as well as the account number. In addition, such money shall remain in such escrow account, in accordance with section 20-329n of the general statutes, until final legal disposition is made by the person legally entitled to such money; and

(5) the statutory filing fee of one hundred dollars plus the license fee to be computed on the basis of the rates set forth in section 20-329f(b) of the general statutes. The Department shall make no official review of any license application until it has received from the applicant all necessary documentation duly completed.

(Effective November 29, 1978; Amended September 11, 2019)