Utah Real Estate Sales Agent Exam — All Questions
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Real estate sales agents in Utah are licensed and regulated by:
- a.The Utah Association of Realtors
- b.The Utah Division of Real Estate, within the Department of Commerce✓
- c.The Utah Secretary of State
- d.The county recorder
The Utah Division of Real Estate, part of the Department of Commerce, licenses and disciplines real estate licensees under the Real Estate Licensing and Practices Act (Title 61, Chapter 2f). A trade association is a private membership group and does not issue licenses.
In Utah, a licensed sales agent may conduct real estate activity:
- a.Independently, once the license is issued
- b.For any broker who agrees to split a commission
- c.Only while affiliated with and supervised by a principal broker✓
- d.Only after also obtaining a broker license
A Utah sales agent must be affiliated with and supervised by a principal broker and may not operate independently. The principal broker is responsible for the affiliated agents and for the brokerage's trust accounts and records.
A Utah sales agent may lawfully be paid a commission by:
- a.The principal broker with whom the agent is affiliated✓
- b.The buyer directly at closing
- c.The seller directly upon listing
- d.Any cooperating broker in the deal
A Utah sales agent is compensated only through the affiliated principal broker, not directly by a buyer, seller, or another broker. The principal broker supervises the agent and is accountable for handling client funds.