2006 Utah Code - 61-2-13 — Grounds for revocation of principal broker\'s license -- Automatic inactivation of affiliated associate brokers and sales agents licenses.

     61-2-13.   Grounds for revocation of principal broker's license -- Automatic inactivation of affiliated associate brokers and sales agents licenses.
     (1) Any unlawful act or any violation of this chapter committed by any real estate sales agent or associate broker employed or engaged as an independent contractor by or on behalf of a licensed principal broker or committed by any employee, officer, or member of a licensed principal broker is cause for the revocation, suspension, or probation of the principal broker's license, or for the imposition of a fine against the principal broker in an amount not to exceed $500 per violation.
     (2) The revocation or suspension of a principal broker license automatically inactivates every associate broker or sales agent license granted to those persons by reason of their affiliation with the principal broker whose license was revoked or suspended, pending a change of broker affiliation. A principal broker shall, prior to the effective date of the suspension or revocation of his license, notify in writing every licensee affiliated with him of the revocation or suspension of his license.

Amended by Chapter 165, 1991 General Session