Utah License Law
The term 'principal broker' in Utah means:
AThe most senior agent in a brokerage
BThe licensed broker responsible for the brokerage's operations and licensees✓ Correct
CA broker who only works on large commercial deals
DA broker appointed by the Division of Real Estate
Explanation
A principal broker in Utah is the licensed broker who holds the brokerage's license, is responsible for supervising all affiliated licensees, and is legally accountable for the brokerage's compliance with licensing law.
Related Utah Utah License Law Questions
- A Utah real estate broker who closes their business must:
- A Utah licensee who acts as a principal (buys or sells property for themselves) must:
- Which of the following is grounds for the Utah Division of Real Estate to deny a license application?
- A Utah licensee who performs real estate activities with a lapsed license is:
- Which agency regulates real estate licenses in Utah?
- Under Utah law, when must an agent disclose their license status to a party in a transaction?
- Under Utah Code Title 61 Chapter 2f, what is the maximum number of years a Utah real estate license can be renewed without completing continuing education?
- The Utah Real Estate Education, Research and Recovery Fund is used to:
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