Utah License Law
The Utah Real Estate Education, Research and Recovery Fund is used to:
AFund continuing education programs for licensees
BReimburse consumers harmed by the fraud of a Utah licensee✓ Correct
CPay for UDRE investigations and enforcement
DProvide grants to real estate schools
Explanation
The Recovery Fund compensates consumers who have suffered financial harm due to fraud, misrepresentation, or deceit by a Utah-licensed real estate agent or broker, when the consumer cannot collect from the licensee.
Related Utah Utah License Law Questions
- A Utah licensee who offers to rebate part of their commission to a buyer must:
- A Utah principal broker must maintain an office that:
- In Utah, a real estate licensee who is also a principal in a transaction (buying or selling their own property) must:
- A Utah listing agreement that does not specify a definite termination date:
- A Utah real estate licensee is required to disclose to all parties in a transaction:
- To qualify for a Utah principal broker license, an applicant must have held an active real estate license for at least:
- A Utah real estate license applicant with a felony conviction must:
- Referral fees paid to Utah licensees from out-of-state agents are:
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