57-23-10. Prosecution — Penalties. (1) The director may refer any available evidence concerning violations of this chapter or of any rule or order under this chapter to the attorney general or the appropriate prosecuting attorney, who may, in turn, institute the appropriate civil or criminal proceedings under this chapter. (2) Any person who willfully violates […]
57-23-4. Exclusions. This chapter does not apply to: (1) an interest in real estate regulated under Title 57, Chapter 19, Timeshare and Camp Resort Act; (2) an offering for an interest in real estate which is regulated under: (a)Title 61, Chapter 1, Utah Uniform Securities Act; (b) the securities laws of any state; or (c) […]
57-23-5. License required. Except as provided by Section 61-2f-202, an individual may not offer, sell, or otherwise dispose of a cooperative interest in this state unless the individual is licensed by the division under Title 61, Chapter 2f, Real Estate Licensing and Practices Act, as a principal broker, associate broker, or sales agent. Amended by […]
57-23-6. Disclosure required. (1) An individual may not offer, sell, or otherwise dispose of a cooperative interest in this state without making oral and written disclosure to the prospective purchaser regarding: (a) the actual property interest being sold; (b) the actual right of occupancy associated with that property interest; (c) any encumbrance to which the […]
57-23-7. Investigatory powers and proceedings of division. (1) The division may: (a) make necessary public or private investigations within or outside of this state to determine whether any person has violated or is about to violate this chapter or any rule or order made by the division under this chapter; (b) require or permit any […]
57-23-8. Enforcement powers of division — Cease and desist orders. (1) (a) If the director has reason to believe that any person has been or is engaging in conduct violating this chapter, or has violated any lawful order or rule of the division, the director shall issue and serve upon the person a cease and […]
57-23-9. Voidable agreements. Any agreement to purchase an interest in a real estate cooperative entered into in violation of this chapter may, at the option of the purchaser, be voided and the purchaser’s entire consideration paid together with interest at the legal rate, any costs, and reasonable attorney’s fees shall be recovered. However, no suit […]
