Utah License Law
An 'independent contractor' real estate agent in Utah still requires:
ANo supervision since independent contractors set their own hours
BOversight and supervision by a principal broker as required by Utah license law✓ Correct
CSeparate liability insurance not provided by the broker
DA separate business license from the Division of Real Estate
Explanation
Real estate agents may be classified as independent contractors for tax and employment law purposes, but Utah license law still requires all agents (regardless of employment classification) to work under the supervision of a principal broker.
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Key Terms to Know
Private Mortgage Insurance (PMI)
Insurance required by lenders on conventional loans with less than 20% down payment, protecting the lender — not the borrower — against default.
ProrationThe division of ongoing property expenses (taxes, HOA dues, rents) between buyer and seller at closing based on their respective days of ownership.
State-Specific Concepts
License Law
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