Utah License Law
In Utah, a real estate licensee who is also a principal in a transaction (buying or selling their own property) must:
AUse only their own brokerage to list or purchase
BDisclose their licensed status to all other parties to the transaction✓ Correct
CHave their principal broker personally supervise the transaction
DForgo any commission or benefit from the transaction
Explanation
When a licensee acts as a principal (buyer or seller) in their own transaction, they must disclose to all other parties that they hold a real estate license. This disclosure ensures the other party is aware they may be dealing with a real estate professional.
Related Utah Utah License Law Questions
- Under Utah law, which of the following activities requires a real estate license?
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