A Utah Principal Broker wants to open a second office location in a different city. Under the Utah Division of Real Estate rules, what must the broker do before the second office can legally conduct real estate business?
Correct Answer
B) Obtain a branch office license from the UDRE for the second location
Under Utah Administrative Code R162-2f, a Principal Broker who wishes to operate a branch office must obtain a separate branch office license from the Utah Division of Real Estate (UDRE) for each additional office location before that location may conduct real estate business. Each branch office must be properly licensed and identified.
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Related Topics & Key Terms
Key Terms:
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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