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Under Utah Code Ann. § 61-2f, which of the following best describes an Associate Broker license in Utah?

Correct Answer

B) A licensee who holds a full broker-level license but chooses to work under a Principal Broker

Under Utah Code Ann. § 61-2f, an Associate Broker is a licensee who has met all the education, experience, and examination requirements for a broker license but voluntarily elects to work under the supervision of a Principal Broker rather than operating an independent brokerage. This is a full broker-level license, not an intermediate or temporary category.

Answer Options
A
A salesperson who has completed additional coursework but has not yet passed the broker exam
B
A licensee who holds a full broker-level license but chooses to work under a Principal Broker
C
A broker who supervises sales agents and is responsible for the brokerage's trust accounts
D
A temporary license category for brokers who are transitioning between brokerages

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Related Topics & Key Terms

Key Terms:

associate_brokerlicense_categoriesprincipal_brokerutah_three_tier_system

Related Concepts

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.

Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.

Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.

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