Connecticut · Public Act 25-168, §§252–259Connecticut wholesaling law: registration, the 3-business-day cancellation, the 90-day closing cap and no recording

Public Act 25-168 regulates real estate wholesalers – people who contract with a seller of residential real property to facilitate or orchestrate its sale to a third party for compensation, without taking title – from July 1, 2026 (§252). No one may act as a wholesaler without a Department of Consumer Protection registration, valid for up to two years with a $285 fee; a broker or salesperson may hold one too (§253). Every wholesale contract must give the seller three business days to review it with an advisor and cancel without reason or penalty, except returning any deposit the wholesaler paid, and may not set a closing more than 90 days after signing unless all parties extend it in writing – otherwise it terminates automatically (§254(a)–(b)). Before selling or assigning the contract, the wholesaler gives the third party a written notice of its rights under the contract that identifies the wholesaler as holding a future interest but not title, plus the seller's residential condition report (§254(c)); the seller gives that report to the wholesaler before contracting (§255). From October 1, 2026, the wholesaler gives the prospective seller the commissioner's written wholesale disclosure report before signing, with an acknowledgment signed by both (§256). A wholesale contract, notice or purchaser's lien may not be recorded; if one is, it gives no notice to a bona fide purchaser and the owner can clear it with an affidavit of facts (§257). Violations are unfair or deceptive trade practices (§259).