61-2f-301. Reporting requirements. (1) A licensee shall notify the division of the following by sending the division a signed statement within 10 business days of: (a) a conviction of, or the entry of a plea in abeyance to: (i) a felony; or (ii) a misdemeanor involving financial services or a financial services-related business, fraud, a […]
61-2f-302. Affiliation with a principal broker. (1) An individual who is not a principal broker may not engage in an act described in Section 61-2f-201 unless the individual is affiliated with a principal broker as: (a) an associate broker; or (b) a sales agent. (2) (a) An inactive associate broker or sales agent may not […]
Effective 5/12/2015 61-2f-303. Sale agents or associate broker — Affiliated with principal broker as independent contractors or employees — Presumption. (1) (a) A sales agent or associate broker may be affiliated with a principal broker either as an independent contractor or as an employee. (b) The relationship between sales agent or associate broker and principal […]
Effective 5/9/2017 61-2f-304. Termination of associate broker or sales agent by principal broker — Notice. (1) If a principal broker terminates an associate broker or sales agent, the principal broker shall notify the division and the associate broker or sales agent of the termination in a manner prescribed by rule made in accordance with Title […]
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 […]
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 […]
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, […]
