Enforcement 1 & 2 Flashcards
Requirements to become a real estate commissioner
be an agent with 5 years experience
Division of Real Estate was created to…
protect the public
Who appoints RE commissioners
The governor
Who makes rules for agents, and standards of conduct for brokers, rules for property companies, rules for prelicense schools, license qualifications,
The RE commission
Division of Real Estate regulates
lending officers, agents, appraisers, enforcement of rules of RE transactions
If the division sends Notice of Complaint about the agent, they have _______days to respond
10 days
Division may issues correctives for minor issues. How many days does agent have to comply
30 days
Appeals of RE Commission decisions are heard by
Director of Department of COMMERCE
If you break a rule, you go before the
Commission
Who makes rules for RE instructors
RE Comission
How many days to upload CE attendance and records
10 days
CE course must be submitted for approval within ____days of start
30 days
Division of RE can hold two types of hearings…
Informal or formal
First violation of Utah law =
((Class A misdemeanor) max 6 months incarceration 2nd offence (3rd degree felony) = 2 years
The RE Commission can impose max fines of
5k
