61-2f-301. Reporting requirements.
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/ut/title-61/chapter-2f/61-2f-301A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/1/2024
61-2f-301. Reporting requirements.
(1)A licensee shall notify the division of the following by sending the division a signed statement within 10 business days after the day on which:
(a)a personal or brokerage bankruptcy is filed, if the licensee is a principal broker;
(b)a license or registration of the licensee that is necessary to engage in an occupation or profession is suspended, revoked, surrendered, canceled, or denied, regardless of whether the license or registration is issued by this state or another jurisdiction; or
(c)a cease and desist order or a temporary or permanent injunction is issued:
(i)against the licensee by a court or administrative agency; and
(ii)on the basis of:
(A)conduct or a practice involving the business of real estate; or
(B)conduct involving fraud, misrepresentation, or deceit.
(2)The commission, with the concurrence of the director, shall enforce the reporting requirement under this section pursuant to Section 61-2f-404 .
Amended by Chapter 227 , 2024 General Session