Utah License Law
A Utah licensee who acts as a principal (buys or sells property for themselves) must:
ASurrender their license during the transaction
BDisclose their licensed status to the other party✓ Correct
CHave their principal broker sign all documents
DNotify the Utah Division of Real Estate before any personal transaction
Explanation
When a Utah licensee buys or sells real property for themselves, they must disclose to the other party that they hold a real estate license. This disclosure allows the other party to understand that they may be dealing with a real estate professional.
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