61-2f-406. Grounds for revocation of principal broker's license.
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/ut/title-61/chapter-2f/61-2f-406A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
Effective 5/13/2014
61-2f-406. Grounds for revocation of principal broker's license.
(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.
Amended by Chapter 350 , 2014 General Session