Section 305 – Restrictions on commissions.
61-2f-305. Restrictions on commissions. (1) Except as provided in Subsection (2), an associate broker or sales agent may not accept valuable consideration for the performance of an act specified in this chapter from a person except the principal broker with whom the associate broker or sales agent is affiliated. (2) An associate broker or sales […]
Section 306 – Rights and privileges of real estate licensees to fill out forms or documents.
Effective 5/10/2016 61-2f-306. Rights and privileges of real estate licensees to fill out forms or documents. (1) Except as provided in Subsection (2), a real estate licensee may fill out only those legal forms approved by the commission and the attorney general, and those forms provided by statute. (2) (a) (i) A principal broker may […]
Section 308 – Brokerage agreements.
Effective 5/13/2014 61-2f-308. Brokerage agreements. (1) As used in this section: (a) “Brokerage agreement” means a written agreement between a client and a principal broker: (i) (A) to list for sale, lease, or exchange, real estate, an option on real estate, or an improvement on real estate; or (B) for representation in the purchase, lease, […]
Section 401 – Grounds for disciplinary action.
Effective 5/4/2022 61-2f-401. Grounds for disciplinary action. The following acts are unlawful and grounds for disciplinary action for a person licensed or required to be licensed under this chapter: (1) (a) making a substantial misrepresentation, including in a licensure statement; (b) making an intentional misrepresentation; (c) pursuing a continued and flagrant course of misrepresentation; (d) […]
Section 202 – Exempt persons and transactions.
Effective 5/4/2022 61-2f-202. Exempt persons and transactions. (1) (a) Except as provided in Subsection (1)(b), a license under this chapter is not required for: (i) a person who as owner or lessor performs an act described in Subsection 61-2f-102(20) with reference to real estate owned or leased by that person; (ii) a regular salaried employee […]
Section 203 – Licensing requirements.
Effective 5/4/2022 61-2f-203. Licensing requirements. (1) (a) (i) The division shall determine whether an applicant with a criminal history qualifies for licensure. (ii) If the division, acting under Subsection (1)(a)(i), denies or restricts a license or places a license on probation, the applicant may petition the commission for de novo review of the application. (b) […]
Section 204 – Licensing fees and procedures — Renewal fees and procedures.
Effective 5/4/2022 61-2f-204. Licensing fees and procedures — Renewal fees and procedures. (1) (a) Upon filing an application for an examination for a license under this chapter, the applicant shall pay a nonrefundable fee established in accordance with Section 63J-1-504 for admission to the examination. (b) An applicant for a principal broker, associate broker, or […]
Section 205 – Form of license.
Effective 5/12/2020 61-2f-205. Form of license. The division shall issue to a licensee a license that contains: (1) the name and address of the licensee; (2) the seal of the state; and (3) any other matter prescribed by the division. Amended by Chapter 72, 2020 General Session
Section 206 – Registration of person or branch office — Certification of education providers and courses — Specialized licenses.
Effective 5/4/2022 61-2f-206. Registration of person or branch office — Certification of education providers and courses — Specialized licenses. (1) (a) A person may not engage in an activity described in Section 61-2f-201, unless the person is registered with the division. (b) To register with the division under this Subsection (1), a person shall submit […]
Section 207 – Change of information — Failure to notify.
Effective 5/4/2022 61-2f-207. Change of information — Failure to notify. (1) An applicant, licensee, registrant, or certificate holder shall send the division a signed statement in the form required by the division notifying the division within 10 business days of any change of: (a) principal broker; (b) principal business location; (c) mailing address; (d) home […]