| Item | Value |
|---|---|
| Is an assignment legal here? | yes |
| What the matrix says about it | Assignment of one's own purchase contract is a common-law right and is not itself licensed activity in this state; the constraint is on MARKETING and on DISCLOSURE. |
| Marketing rule the gate enforces | registration_required |
| What that means in practice | Verbatim, Sec. 253(a)(1): 'No person shall act as a real estate wholesaler in this state unless the Department of Consumer Protection has issued a real estate wholesaler registration to such person pursuant to this section.' Initial application fee $285; registration valid up to two years; a broker/salesperson licence may be held simultaneously. The Act also prescribes a seller notice stating: 'You may cancel a real estate wholesale contract during the three-business-day period beginning when you enter into the contract without providing any reason or incurring any penalty or obligation, except to return any deposit the real estate wholesaler paid to you.' |
| What triggers a licence requirement | Acting as a real estate wholesaler in Connecticut at all, without a Department of Consumer Protection registration (2025 Pub. Act 25-168 Sec. 253(a)(1), eff. 2026-07-01). |
| Written seller disclosure required? | yes |
| Basis for the disclosure | Contract term + state UDAP/consumer-protection statute. |
| Statutory wording required? | no |
| F5259 bucket | EXCLUDE |
| Condition the gate enforces | EXCLUDED until an Elite AI Holdings LLC DCP wholesaler registration is issued. This is a registration we could actually obtain -- it is not a licensure bar. |
| Verification status | PRIMARY_STATUTE |
| Attorney review required before first use? | yes |
| Lead class | Verdict |
|---|---|
| land | NO |
| preforeclosure non owner occupied | NO |
| preforeclosure owner occupied | NO |
| probate | NO |
| tax delinquent | NO |
the whole grid · probate in CT · the disclosure blocks
Not legal advice. We are not a law firm and we do not draft documents for anyone else. A template is a starting point for a transaction you are a principal in; it is not a substitute for a lawyer licensed in the state the property sits in, and in several states the disclosure below has statutory wording that must be copied exactly. Have counsel read it before you sign.
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