Utah § 61-2f-309 Record requirements.

Utah Statutes

§ 61-2f-309 — Record requirements.

Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-2f Real Estate Licensing and Practices Act·Part 61-2f-3 Operational Requirements

(1)A brokerage shall make or possess any applicable record required for the brokerage to maintain by rule made by the commission pursuant to Section 61-2f-103 for the time period specified in Subsection (2).

(2)A brokerage shall maintain and safeguard in the brokerage's possession a record described in Subsection (1) for three years following:

(2)(a) the day the transaction either closes or fails;

(2)(b) in a lease transaction, the day of the commencement of the lease;

(2)(c) the day an offer is rejected; or

(2)(d) the end of the term of a property management agreement.

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(1) A brokerage shall make or possess any applicable record required for the brokerage to maintain by rule made by the commission pursuant to Section 61-2f-103 for the time period specified in Subsection (2).
(2) A brokerage shall maintain and safeguard in the brokerage's possession a record described in Subsection (1) for three years following:
(2)(a) the day the transaction either closes or fails;
(2)(b) in a lease transaction, the day of the commencement of the lease;
(2)(c) the day an offer is rejected; or
(2)(d) the end of the term of a property management agreement.

Utah § 61-2f-309 (Record requirements.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.