Who Needs a Real Estate License?
|
Persons who need a license in Utah
According to Utah law, a Sales Agent or Broker license is required to, negotiate or consummate the sale, lease, exchange or purchase of real estate in exchange for valuable consideration. A Sales Agent or Broker license is also required if one engages in property management including advertising real estate for lease or rent, procuring prospective tenants or lessees, negotiating lease or rental terms, executing lease or rental agreements in exchange for valuable consideration. The licensing requirement does not apply to an owner who manages his or her own property, an employee for one property owner, apartment managers who reside in the apartments at reduced rent, full-time salaried employees of a Homeowners Association, hotel or motel management, or management activities associated with rental accommodations for a period of less than 30 consecutive days. |
|
