Sandra is a licensed Utah Sales Agent who has been active for four years. She wants to become a Principal Broker and open her own brokerage. Under Utah Code Ann. § 61-2f, which combination of requirements must Sandra meet before she can be licensed as a Principal Broker?
Correct Answer
A) Pass the broker examination, complete 120 hours of broker education, and have three years of active licensee experience
Under Utah Code Ann. § 61-2f-204 and Utah Administrative Code R162-2f-201, an applicant for a Principal Broker license must: (1) pass the Utah broker examination (both national and state portions), (2) complete 120 hours of approved broker pre-licensing education, and (3) demonstrate at least three years of active experience as a licensed real estate agent. Sandra, with four years of active experience, satisfies the experience requirement and needs to complete the education and examination requirements.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.
FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.
A group boycott is an illegal antitrust practice in which two or more competing real estate businesses agree to refuse to work with a specific person, company, or entity in order to harm that party's ability to compete.
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