Utah License Law
A Utah real estate licensee may NOT pay a commission or referral fee to:
AA cooperating broker in another state
BAn unlicensed person for referring a buyer or seller✓ Correct
CTheir own principal broker
DA licensed property manager for a referral
Explanation
Paying a commission or referral fee to an unlicensed person for referring real estate business is prohibited under Utah licensing law. Compensation for licensed activities may only be paid to licensed persons.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
EasementA non-possessory right to use another person's land for a specific purpose.
Adverse PossessionA doctrine by which a person can gain legal title to another's land by openly, continuously, and adversely occupying it for a statutory period.
Math Concepts
State-Specific Concepts
License Law
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