Connecticut Wholesaling Controls

• Confirm the wholesaler’s Connecticut DCP registration is active and store the credential and expiration date.
• Confirm the property is residential real property and identify every prospective seller who must receive disclosures.
• Generate the current DCP wholesale disclosure report and obtain seller and wholesaler signatures before the wholesale contract is executed.
• Identify whether the wholesaler is also a broker or salesperson and disclose representation and fiduciary duties where applicable.

• Clearly disclose that the wholesaler may not be the final purchaser and may market or assign the contractual interest for profit.
• Include the seller’s three-business-day cancellation right without penalty other than return of a wholesaler-paid deposit.
• Do not set a closing date more than ninety days after all parties sign unless a written, seller-signed extension is obtained.
• State property-access rules, potential closing costs, any additional cancellation rights, assignability, and all material transaction terms.
• Maintain required property-condition and federal lead-paint disclosures separately.

• Do not record a wholesale contract, notice, memorandum, document purporting to create an encumbrance, or purchaser’s lien against the property.
• Require human review of the final assignment agreement, purchase/resale statements, title status, seller disclosure, signatures, dates, and closing authorization.
• LegacyOS’s 3.5% fee requires a separate customer authorization; it must not be imposed on a seller or treated as a lien against real estate.

Connecticut wholesaling features should remain marked “Compliance Review Required” until the customer records an active registration and acknowledges the current disclosure workflow. Other states must not be represented as approved merely because Connecticut controls are satisfied.