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Current as of May 05, 2022 | Updated by FindLaw Staff
(1) Subject to Section 57-19-17, if the division finds that an applicant or salesperson has engaged in an act described in Subsection (2), the division may:
(a) deny an application for registration as a salesperson;
(b) suspend or revoke an existing registration; or
(c) impose a civil penalty not to exceed $5,000.
(2) Subsection (1) applies if the division finds that the applicant or salesperson:
(a) files, or causes to be filed, with the division a document that contains untrue or misleading information;
(b) makes an untrue or misleading statement of material fact;
(c) fails to state a material fact that is necessary in order to make the statements made not misleading in light of the circumstances under which the statements are made;
(d) employs a device, scheme, or artifice to defraud, or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person;
(e) subsequent to the effective date of registration as a salesperson, is:
(i) convicted of:
(A) a felony; or
(B) a misdemeanor involving theft, fraud, or dishonesty; or
(ii) enjoined from, assessed a civil penalty for, or found to have engaged in a violation of any law designed to protect consumers;
(f) violates this chapter;
(g) engages in an activity that constitutes dishonest dealing; or
(h) engages in unprofessional conduct as defined by statute or rule made by the director.
Cite this article: FindLaw.com - Utah Code Title 57. Real Estate § 57-19-16. Denial, revocation, or suspension of registration of salesperson--Fine - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-57-real-estate/ut-code-sect-57-19-16/
FindLaw Codes may not reflect the most recent version of the law in your jurisdiction. Please verify the status of the code you are researching with the state legislature or via Westlaw before relying on it for your legal needs.
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