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Utah Code Title 61. Securities Division--Real Estate Division § 61-2c-502. Additional license fee

Current as of January 01, 2025 | Updated by Findlaw Staff

(1) An individual who applies for or renews a license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:

(a) determined by the division with the concurrence of the commission; and

(b) not to exceed $18.

(2)(a) An entity that applies for or renews an entity license shall pay, in addition to any other fee required under this chapter, a reasonable annual fee:

(i) determined by the division with the concurrence of the commission; and

(ii) not to exceed $25.

(b) This Subsection (2) applies:

(i) notwithstanding that an entity is operating under an assumed name registered with the division as required by Subsection 61-2c-201(5); and

(ii) to each branch office of an entity that is licensed under this chapter.

(3) Notwithstanding Section 13-1-2, the following shall be paid into the fund to be used as provided in this part:

(a) a fee provided in this section;

(b) a fee for certifying:

(i) a school as a certified education provider;

(ii) a prelicensing or continuing education course; or

(iii) a prelicensing or continuing education provider as an instructor; and

(c) a civil penalty imposed under this chapter.

(4) If the balance in the fund that is available to satisfy a judgment against a licensee decreases to less than $100,000, the division may make an additional assessment to a licensee to maintain the balance available at $100,000 to satisfy judgments.

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Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2c-502. Additional license fee - last updated January 01, 2025 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2c-502/

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