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Current as of May 05, 2022 | Updated by FindLaw Staff
(1) An unlawful act or violation of this chapter committed by a person listed in Subsection (2) is cause for:
(a) the revocation, suspension, or probation of a principal broker's license; or
(b) the imposition of a fine against the principal broker in an amount not to exceed $5,000 per violation.
(2) Subsection (1) applies to an act or violation by any of the following:
(a) a sales agent or associate broker employed by a principal broker;
(b) a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or
(c) an employee, officer, or member of a principal broker.
Cite this article: FindLaw.com - Utah Code Title 61. Securities Division--Real Estate Division § 61-2f-406. Grounds for revocation of principal broker's license - last updated May 05, 2022 | https://codes.findlaw.com/ut/title-61-securities-division-real-estate-division/ut-code-sect-61-2f-406/
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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