State Codes and Statutes

Statutes > Utah > Title-61 > Chapter-02f > 61-2f-206

61-2f-206. Registration of entity or branch office -- Certification of educationproviders and courses -- Specialized licenses.
(1) (a) An entity may not engage in an activity described in Section 61-2f-201, unless itis registered with the division.
(b) To register with the division under this Subsection (1), an entity shall submit to thedivision:
(i) an application in a form required by the division;
(ii) evidence of an affiliation with a principal broker;
(iii) evidence that the entity is registered and in good standing with the Division ofCorporations and Commercial Code; and
(iv) a registration fee established by the commission with the concurrence of the divisionunder Section 63J-1-504.
(2) (a) A principal broker shall register with the division each of the principal broker'sbranch offices.
(b) To register a branch office with the division under this Subsection (2), a principalbroker shall submit to the division:
(i) an application in a form required by the division; and
(ii) a registration fee established by the commission with the concurrence of the divisionunder Section 63J-1-504.
(3) (a) In accordance with rules made by the commission, the division shall certify:
(i) a real estate school;
(ii) a course provider; or
(iii) an instructor.
(b) In accordance with rules made by the commission, and with the concurrence of thecommission, the division shall certify a continuing education course that is required under thissection.
(4) (a) Except as provided by rule, a principal broker may not be responsible for morethan one registered entity at the same time.
(b) (i) In addition to issuing a principal broker license, associate broker license, or salesagent license authorizing the performance of an act set forth in Section 61-2f-201, the divisionmay issue a specialized sales license or specialized property management license with the scopeof practice limited to the specialty.
(ii) An individual may hold a specialized license in addition to a license as a principalbroker, associate broker, or a sales agent.
(iii) The commission may adopt rules pursuant to Title 63G, Chapter 3, UtahAdministrative Rulemaking Act, for the administration of this Subsection (4), including:
(A) prelicensing and postlicensing education requirements;
(B) examination requirements;
(C) affiliation with real estate brokerages or property management companies; and
(D) other licensing procedures.

Enacted by Chapter 379, 2010 General Session