PocketLaw | Connecticut General Statutes | Real Estate Syndicates

Real Estate Syndicates

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Definitions.

Qualification of real estate syndicate securities; issuance of permit.

Expert opinion.

Grounds for refusal of permit. Appeal, hearing.

Amendment to offering; commission approval; effective date.

Permit fees. Determination of value of securities.

No endorsement by commission to be implied by filing of application, qualification of securities or exemption. Inconsistent representations to purchasers prohibited. Permit to indicate permissive nature.

Sale of unqualified real estate syndicate securities prohibited.

Advertisement of securities; prior filing; hearings; media responsibility.

Sale does not require licensure as real estate salesperson or broker.

Exceptions.

Waiver of chapter void. Exception.

Real Estate Commission to establish regulations. Hearings.

Required form of sales contracts.

Required records and reports. Examination of records; examination costs.

Penalty for false statement.

Investigations by commission; powers.

Appointment of attorney for service.

Actions, limitation of time, prerequisite.

Remedy of buyers.

Order to cease and desist. Hearing.

Injunctive and other relief.

Violations punished by fine or imprisonment.

Reservation of other punishments.

Burden of proof of exemptions or exceptions.