The Utah Division of Real Estate may impose a civil penalty of up to what amount per violation against a licensee?
Correct Answer
D) $10,000
Under Utah Code §61-2f-401, the Utah Division of Real Estate may impose civil penalties of up to $10,000 per violation against licensees who violate Utah real estate law or administrative rules. These penalties are in addition to other disciplinary actions such as license suspension or revocation.
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Related Topics & Key Terms
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Related Concepts
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
More Practice Of Real Estate Questions
In Wyoming real estate practice, an associate broker or salesperson is not associated with a responsible broker at renewal. What should the licensee remember?
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