Utah Supervision and Sales Agreement
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Make edits, fill in missing information, and update formatting in US Legal Forms—just like you would in MS Word.
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Sign and collect signatures with our SignNow integration. Send to multiple recipients, set reminders, and more. Go Premium to unlock E-Sign.
If this form requires notarization, complete it online through a secure video call—no need to meet a notary in person or wait for an appointment.
We protect your documents and personal data by following strict security and privacy standards.
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FAQ
When a licensee lists a property, the obligations and duties the agent assumes are based on the agency agreement established with the property owner.
The individual property manager is a real estate broker who manages properties for one or more property owners.
The legal consequences of operating a property management company without a license in Utah can be severe. The Utah Division of Real Estate can impose fines and penalties on individuals or companies conducting unlicensed property management activities. Fines can range from $1,000 to $25,000 per violation.
(i) A person who holds or obtains a dual broker license may function as the principal broker of a property management company that is a separate entity from the person's real estate brokerage. (ii) A dual broker may not conduct real estate sales activities from the separate property management company.
When a licensee is found guilty in court of a violation of Utah real estate licensing law, and it is the first offense, the penalty is: A Class A Misdemeanor and possibly 6 months in jail. If an action was brought against a licensee, who would represent the Real Estate Division?
View the list of persons and entities that have been served with a Desist and Refrain Order and/or Accusation by the Department of Real Estate for unlicensed or unlawful acts in connection with short sale transactions.
George, a licensed salesperson in the state of Utah, is selling some property which he owns to Sally. What is the responsibility of George to Sally as far as holding a license is concerned? He must voluntarily reveal that he has a real estate license, but no more.
