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Connecticut Commercial Real Estate Purchase and Sale Agreement

A Connecticut commercial real estate purchase and sale agreement is a legal contract binding a seller of commercial property and a potential buyer. The agreement allows the seller to detail certain conditions of the transaction, such as sale price, inclusions, financing, deposits, deadlines and termination options, and other important contingencies.
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Disclosures

Disclosure of Representation – Real estate broker who represents a seller or buyer in any real estate transaction must disclose the identity of his/her client to any party to the transaction who is NOT represented by another real estate broker.[1]

Broker Subagency – Real estate broker cannot make a unilateral offer of subagency for the sale or purchase of real property without written consent from the person they represent, containing a disclosure statement that the law imposes vicarious liability on the principal for the acts of the subagent.[2]