Ownership Interest field

Under Connecticut General Statutes § 20-320, and enforced by the Connecticut Real Estate Commission, a licensed real estate agent must disclose their license status in writing if they:

• Own the property being sold or leased, or
• Have a financial interest in the property (e.g., through a company, LLC, trust, or family interest).

There is a mandatory field on the listing input form for a Listing and/or Co-Listing Agent to disclose any ownership interest in the listed property.

It is suggested that if the property owner is a licensed agent, it be noted in the Public Remarks. 

Likewise, it is suggested that if the agent is representing a family member, it be noted in the Public Remarks, as familial relationships create a potential conflict of interest regarding negotiation and fiduciary duties.

If you scroll to the bottom of the Additional Info tab, you will see the An Agent is an Owner YN field (right above the Bank Owned or Controlled (REO) Property field):

If either the list or co-list agent has an ownership stake in the property, you must set this field to Yes.

In addition to noting ownership interest in the above field, the agent must disclose "Agent/Owner" in public remarks.