2006 Utah Code - 61-2-5.5 — Real Estate Commission created -- Functions -- Appointment -- Qualification and terms of members -- Expenses -- Meetings.

     61-2-5.5.   Real Estate Commission created -- Functions -- Appointment -- Qualification and terms of members -- Expenses -- Meetings.
     (1) There is created within the division a Real Estate Commission. The commission shall:
     (a) make rules for the administration of this chapter that are not inconsistent with this chapter, including:
     (i) licensing of:
     (A) principal brokers;
     (B) associate brokers;
     (C) sales agents;
     (D) real estate companies; and
     (E) branch offices;
     (ii) prelicensing and postlicensing education curricula;
     (iii) examination procedures;
     (iv) the certification and conduct of:
     (A) real estate schools;
     (B) course providers; and
     (C) instructors;
     (v) proper handling of funds received by real estate licensees;
     (vi) brokerage office procedures and recordkeeping requirements;
     (vii) property management;
     (viii) standards of conduct for real estate licensees; and
     (ix) rules made under Section 61-2-26 regarding an undivided fractionalized long-term estate;
     (b) establish, with the concurrence of the division, all fees as provided in this chapter and Title 61, Chapter 2a, Real Estate Recovery Fund Act;
     (c) conduct all administrative hearings not delegated by the commission to an administrative law judge or the division relating to the:
     (i) licensing of any applicant;
     (ii) conduct of any licensee; or
     (iii) the certification or conduct of any real estate school, course provider, or instructor regulated under this chapter;
     (d) with the concurrence of the director, impose sanctions against licensees and certificate holders as provided in Section 61-2-11;
     (e) advise the director on the administration and enforcement of any matters affecting the division and the real estate sales and property management industries;
     (f) advise the director on matters affecting the division budget;
     (g) advise and assist the director in conducting real estate seminars; and
     (h) perform other duties as provided by:
     (i) this chapter; and
     (ii) Title 61, Chapter 2a, Real Estate Recovery Fund Act.
     (2) (a) The commission shall be comprised of five members appointed by the governor and approved by the Senate.
     (b) Four of the commission members shall:
     (i) have at least five years' experience in the real estate business; and

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     (ii) hold an active principal broker, associate broker, or sales agent license.
     (c) One commission member shall be a member of the general public.
     (d) No more than one commission member may be appointed from any given county in the state.
     (3) (a) Except as required by Subsection (3)(b), as terms of current commission members expire, the governor shall appoint each new member or reappointed member to a four-year term ending June 30.
     (b) Notwithstanding the requirements of Subsection (3)(a), the governor shall, at the time of appointment or reappointment, adjust the length of terms to ensure that the terms of commission members are staggered so that approximately half of the commission is appointed every two years.
     (c) Upon the expiration of the term of a member of the commission, the member of the commission shall continue to hold office until a successor is appointed and qualified.
     (d) A commission member may not serve more than two consecutive terms.
     (e) Members of the commission shall annually select one member to serve as chair.
     (4) When a vacancy occurs in the membership for any reason, the replacement shall be appointed for the unexpired term.
     (5) (a) A member shall receive no compensation or benefits for the member's services, but may receive per diem and expenses incurred in the performance of the member's official duties at the rates established by the Division of Finance under Sections 63A-3-106 and 63A-3-107.
     (b) A member may decline to receive per diem and expenses for the member's service.
     (6) (a) The commission shall meet at least monthly.
     (b) The director may call additional meetings:
     (i) at the director's discretion;
     (ii) upon the request of the chair; or
     (iii) upon the written request of three or more commission members.
     (7) Three members of the commission constitute a quorum for the transaction of business.

Amended by Chapter 198, 2006 General Session