2011 Utah Code
Title 61 Securities Division - Real Estate Division
Chapter 2f Real Estate Licensing and Practices Act
Section 406 Grounds for revocation of principal broker's license -- Automatic inactivation of affiliated associate brokers and sales agents licenses.

61-2f-406. Grounds for revocation of principal broker's license -- Automatic inactivation of affiliated associate brokers and sales agents licenses.
(1) (a) An unlawful act or violation of this chapter committed by a person listed in Subsection (1)(b) is cause for:
(i) the revocation, suspension, or probation of a principal broker's license; or
(ii) the imposition of a fine against the principal broker in an amount not to exceed $5,000 per violation.
(b) Subsection (1)(a) applies to an act or violation by any of the following:
(i) a sales agent or associate broker employed by a principal broker;
(ii) a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or
(iii) an employee, officer, or member of a principal broker.
(2) (a) The revocation or suspension of a principal broker license automatically inactivates an associate broker or sales agent license granted to an individual by reason of that individual's affiliation with the principal broker whose license is revoked or suspended, pending a change of principal broker affiliation.
(b) A principal broker shall, before the effective date of a suspension or revocation of the principal broker's license, notify in writing every licensee affiliated with the principal broker of the revocation or suspension of the principal broker license.