Utah § 61-2f-406 Grounds for revocation of principal broker's license.

Utah Statutes

§ 61-2f-406 — Grounds for revocation of principal broker's license.

Utah·Title 61 Securities Division - Real Estate Division·Ch. 61-2f Real Estate Licensing and Practices Act·Part 61-2f-4 Enforcement

(1)An unlawful act or violation of this chapter committed by a person listed in Subsection (2) is cause for:

(1)(a) the revocation, suspension, or probation of a principal broker's license; or

(1)(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:

(2)(a) a sales agent or associate broker employed by a principal broker;

(2)(b) a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or

(2)(c) an employee, officer, or member of a principal broker.

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(1) An unlawful act or violation of this chapter committed by a person listed in Subsection (2) is cause for:

(1)(a) the revocation, suspension, or probation of a principal broker's license; or
(1)(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:

(2)(a) a sales agent or associate broker employed by a principal broker;
(2)(b) a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or
(2)(c) an employee, officer, or member of a principal broker.

Utah § 61-2f-406 (Grounds for revocation of principal broker's license.) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.