Real Estate Amendments

Summary

The bill updates Utah’s Real Estate Licensing and Practices Act by extending the property‑manager license start date, allowing dual brokers to manage property without a separate license, and requiring the Department of Commerce to study which agency should oversee property‑management regulation. It also adds detailed definitions, new exemption categories, and stricter record‑keeping and trust‑account rules for brokerages and property managers. The changes aim to clarify oversight, protect consumers, and modernize licensing and reporting standards.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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