Source: http://rabbit.monqcle.com/contents/UT/Title%252061%253A%2520Securities%2520Division%2520-%2520Real%2520Estate%2520Division/Chapter%252061-2f%253A%2520Real%2520Estate%2520Licensing%2520and%2520Practices%2520Act/Part%252061-2f-4%253A%2520Enforcement/61-2f-401%2520Grounds%2520for%2520disciplinary%2520action
Timestamp: 2019-08-17 20:41:20
Document Index: 22504101

Matched Legal Cases: ['art 61', 'art 61', 'art 61', 'art 61', 'art 61', 'art 61', 'art 61']

Utah | 61-2f-401 Grounds for disciplinary action. | Rabbit Crowd Library
Part 61-2f-1: General Provisions
Part 61-2f-2: Licensure, Registration, And Certification
Part 61-2f-3: Operational Requirements
Part 61-2f-4: Enforcement
61-2f-402 Investigations.
61-2f-403 Mishandling Of Trust Money.
61-2f-404 Disciplinary Action -- Judicial Review.
61-2f-405 Criminal Penalties For Violation Of Chapter -- Other Penalties.
61-2f-407 Remedies And Action For Violations.
61-2f-408 Court-Ordered Discipline.
61-2f-409 Actions For Recovery Of Compensation Restricted.
Part 61-2f-5: Real Estate Education, Research, And Recovery Fund Act
• All Places • Utah Code • Title 61: Securities Division - Real Estate Division • Chapter 61-2f: Real Estate Licensing And Practices Act • Part 61-2f-4: Enforcement
The following acts are unlawful for a person licensed or required to be licensed under this chapter:
(a) making a substantial misrepresentation, including in a licensure statement;
(b) making an intentional misrepresentation;
(c) pursuing a continued and flagrant course of misrepresentation;
(d) making a false representation or promise through an agent, sales agent, advertising, or otherwise; or
(e) making a false representation or promise of a character likely to influence, persuade, or induce;
(2) acting for more than one party in a transaction without the informed consent of the parties;
(a) acting as an associate broker or sales agent while not affiliated with a principal broker;
(b) representing or attempting to represent a principal broker other than the principal broker with whom the person is affiliated; or
(c) representing as sales agent or having a contractual relationship similar to that of sales agent with a person other than a principal broker;
(a) failing, within a reasonable time, to account for or to remit money that belongs to another and comes into the person's possession;
(b) commingling money described in Subsection (4)(a) with the person's own money; or
(c) diverting money described in Subsection (4)(a) from the purpose for which the money is received;
(5) paying or offering to pay valuable consideration, as defined by the commission, to a person not licensed under this chapter, except that valuable consideration may be shared:
(a) with a principal broker of another jurisdiction; or
(b) as provided under:
(i) Title 16, Chapter 10a, Utah Revised Business Corporation Act;
(ii) Title 16, Chapter 11, Professional Corporation Act; or
(iii) Title 48, Chapter 3a, Utah Revised Uniform Limited Liability Company Act, as appropriate pursuant to Section 48-3a-1405;
(6) for a principal broker, paying or offering to pay a sales agent or associate broker who is not affiliated with the principal broker at the time the sales agent or associate broker earned the compensation;
(7) being incompetent to act as a principal broker, associate broker, or sales agent in such manner as to safeguard the interests of the public;
(8) failing to voluntarily furnish a copy of a document to the parties before and after the execution of a document;
(9) failing to keep and make available for inspection by the division a record of each transaction, including:
(a) the names of buyers and sellers or lessees and lessors;
(b) the identification of real estate;
(c) the sale or rental price;
(d) money received in trust;
(e) agreements or instructions from buyers and sellers or lessees and lessors; and
(f) any other information required by rule;
(10) failing to disclose, in writing, in the purchase, sale, or rental of real estate, whether the purchase, sale, or rental is made for that person or for an undisclosed principal;
(11) being convicted, within five years of the most recent application for licensure, of a criminal offense involving moral turpitude regardless of whether:
(a) the criminal offense is related to real estate; or
(b) the conviction is based upon a plea of nolo contendere;
(12) having, within five years of the most recent application for a license under this chapter, entered any of the following related to a criminal offense involving moral turpitude:
(a) a plea in abeyance agreement;
(b) a diversion agreement;
(c) a withheld judgment; or
(d) an agreement in which a charge was held in suspense during a period of time when the licensee was on probation or was obligated to comply with conditions outlined by a court;
(13) advertising the availability of real estate or the services of a licensee in a false, misleading, or deceptive manner;
(14) in the case of a principal broker or a branch broker, failing to exercise reasonable supervision over the activities of the principal broker's or branch broker's licensed or unlicensed staff;
(15) violating or disregarding:
(b) an order of the commission; or
(c) the rules adopted by the commission and the division;
(16) breaching a fiduciary duty owed by a licensee to the licensee's principal in a real estate transaction;
(17) any other conduct which constitutes dishonest dealing;
(18) unprofessional conduct as defined by statute or rule;
(19) having one of the following suspended, revoked, surrendered, or cancelled on the basis of misconduct in a professional capacity that relates to character, honesty, integrity, or truthfulness:
(a) a real estate license, registration, or certificate issued by another jurisdiction; or
(b) another license, registration, or certificate to engage in an occupation or profession issued by this state or another jurisdiction;
(20) failing to respond to a request by the division in an investigation authorized under this chapter, including:
(c) failing to produce documents or records;
(21) in the case of a dual licensed title licensee as defined in Section 31A-2-402:
(a) providing a title insurance product or service without the approval required by Section 31A-2-405; or
(b) knowingly providing false or misleading information in the statement required by Subsection 31A-2-405(2);
(22) violating an independent contractor agreement between a principal broker and a sales agent or associate broker as evidenced by a final judgment of a court;
(a) engaging in an act of loan modification assistance that requires licensure as a mortgage officer under Chapter 2c, Utah Residential Mortgage Practices and Licensing Act, without being licensed under that chapter;
(b) engaging in an act of foreclosure rescue without entering into a written agreement specifying what one or more acts of foreclosure rescue will be completed;
(c) inducing a person who is at risk of foreclosure to hire the licensee to engage in an act of foreclosure rescue by:
(i) suggesting to the person that the licensee has a special relationship with the person's lender or loan servicer; or
(ii) falsely representing or advertising that the licensee is acting on behalf of:
(A) a government agency;
(B) the person's lender or loan servicer; or
(C) a nonprofit or charitable institution; or
(d) recommending or participating in a foreclosure rescue that requires a person to:
(i) transfer title to real estate to the licensee or to a third-party with whom the licensee has a business relationship or financial interest;
(ii) make a mortgage payment to a person other than the person's loan servicer; or
(iii) refrain from contacting the person's:
(B) loan servicer;
(C) attorney;
(D) credit counselor; or
(E) housing counselor;
(24) as a principal broker, placing a lien on real property, unless authorized by law; or
(25) as a sales agent or associate broker, placing a lien on real property for an unpaid commission or other compensation related to real estate brokerage services.
Amended by Chapter 182, 2017 General Session 2017
• Title 61: Securities Division - Real Estate Division • Chapter 61-2f: Real Estate Licensing and Practices Act • Part 61-2f-3: Operational Requirements