The licensing and regulation of real estate professionals are handled by a division or department in each state. The Utah Division of Real Estate is the organization in charge of doing this in Utah. Through education, licensing, and regulation of real estate, mortgage, and appraisal professionals, the Utah Division of Real Estate seeks to safeguard the public and advance ethical business practices. This article will give you more information about the Utah Division of Real Estate, conduct that could result in disciplinary action, Continuing Education requirements, and license lookup. We also examine the Utah Division of Real Estate property management rules.
Utah Division of Real Estate Disciplinary Action
Real estate agents in Utah may have their licenses suspended or disqualified for several reasons. All the potential reasons are listed in the Utah Division Code, but a few behaviors that may result in disciplinary action include:
- Misrepresentation
- Mismanaging money
- Withholding documentation and records
- Misleading advertising
- Dishonest dealings of any kind
- Misconduct in a professional capacity that relates to character, honesty, integrity, or truthfulness
Additionally, if you are found guilty of a crime or misdemeanor involving fraud, theft, or dishonesty, your license will probably be suspended. Regardless of how the crime pertains to the real estate industry, this holds.
Failure to respond to the Utah Division of Real Estate within 10 days, whether they are requesting documentation or expecting you to appear at a hearing or meeting, may result in disciplinary action as well. The severest types of disciplinary action include license revocation or suspension, as well as probation.
As an alternative, you could need to satisfy a new educational requirement or pay a civil fine of no more than $5,000 per offense. In these situations, you do have the option to ask for agency, judicial, or de novo review.
Utah Division of Real Estate Continuing Education
To renew your Utah Division real estate license right away, complete your continuing education requirements. To assist you with keeping your license, all of the courses can be finished online At Your Pace. Once you complete the course, you will receive a legitimate certificate of completion, and we will automatically submit a report of your course completion to the Utah Division of Real Estate on your behalf.
Utah Division Real Estate License Renewal Dates and Continuing Education Requirements
- The validity of Utah real estate licenses is two years.
- You have 45 days to renew your license before it expires.
- Your license’s expiration date is stated at the bottom, and you can also check it online in the licensee database maintained by the Utah Division of Real Estate.
You must finish all Utah Division continuing education (CE) requirements by the fifteenth day of your renewal month to keep your license in active status. This timing guarantees on-time renewal and prevents paying a late fee.
Your continuing education requirements, if it’s your first real estate license renewal, include:
- A 12-hour new agent training program
- Three hours of a required course that the Division has approved.
- Three hours of compulsory or optional topics.
Every two-year cycle following your initial renewal term, you must complete the subsequent 18 CE credits:
- 6 hours of core topic courses
- 3 hours of a required course that the Division has approved.
- 9 optional credit hours
If you don’t renew your license before it expires, you have 30 days to request a late renewal. After that, you can get your license back by doing the following:
- 24 CE hours, for licenses that are 31 to 6 months past their expiration date
- 42 CE hours, for licenses that are 6 to 12 months past expiration
Real Estate offers CE course packages that satisfy the standards of the Utah Division of Real Estate to fulfill your continuing education credit hours for license renewal.
Update on Fingerprinting and Background Check Information
To renew a real estate license in Utah, the licensee must submit to a fingerprint background check and sign up for the FBI’s Rap Back Fingerprint System.
Before reviewing and signing an electronic permission form, licensees must first visit the website of the Utah Division of Real Estate. A list of places across the state where license holders can adhere to this fingerprinting requirement is also available on the Division’s website.
However, fingerprinting is presently not required for license renewal due to COVID-19 concerns and restrictions. When this requirement is reinstated, the Utah Division of Real Estate will let licensees know.
Details about the final exams
Earning CE credits toward the renewal of your Utah real estate license is not contingent upon passing the final exam.
Recurring Course Policy
A CE course can only be finished once during a renewal term to count toward your requirement.
Utah Division of Real Estate License Lookup
Being a real estate agent could be both a profitable investment and a fun experience. This article is intended to assist you if you intend to apply for a real estate agent license lookup in the Utah Division. Continue reading if you want comprehensive information on the licensing procedure.
The Duration of the Utah Division’s Real Estate Agent Licensing Process
Although obtaining a real estate license may appear difficult, it is simple if certain requirements are met and certain steps are followed. In Utah, you must complete 120 hours of pre-licensing training before you can apply for a license. Real estate ownership, contracts, property management, settlement, federal taxation, math, finances, value, and state laws and regulations about the real estate market in the state of Utah all need to be covered in the 120 hours.
You will acquire the skills you need for your chosen job through these courses. To put it another way, it will give you the fundamental academic groundwork needed to succeed in your chosen professional path as a real estate agent.
Get your Utah Division Real Estate License Lookup in Some Easy Steps
You must meet the following requirements:
- You must be a US citizen and at least 18 years old.
- You must have graduated from high school or a program of equal standing.
- You cannot have a felony conviction within the last five years or a theft, fraud, or dishonesty conviction within the past three years of the completion of the conviction, the petition, or any incarceration or imprisonment sentence.
- You need to be moral and respectable.
When you have completed the aforementioned requirements, proceed to the steps below:
- Acquire the certificate of completion after completing 120 hours of pre-licensing instruction.
- After finishing the course, obtain a grade of at least 70% on the final exam.
- Passing the state licensing exam is the final step after pre-licensing. Pass the exam with 130 multiple-choice questions. You’ll have to pay $59. Make sure you pay for the exam reservation at the same time.
- Submit an online real estate license application within 90 days.
- Pay the $157 license cost.
The Cost of Obtaining a Real Estate License Lookup in Utah Division
As one might expect, a license is required for every occupation. Utah real estate licenses fall under the same category. However, the procedure is not free, and you must spend a set amount of money before your name appears on the Utah real estate license lookup.
Between $616 and $816 will be required to obtain a real estate agent license in Utah, which includes the license fee ($157), pre-licensing course ($600-$800), and pre-licensing exam ($59).
The Sum of Money a Real Estate Agent Make in Utah
In Utah, a real estate agent earns a good living each year. An annual income of roughly $70-83k is the norm.
The number of clients and, obviously, the business you will work for affect the salary as well. To gain more clients, make sure to always enhance the quality of your work.
Utah Real Estate Education Waiver Registration and Reciprocity
You can obtain your Utah Division Real Estate License Lookup without meeting all of the educational requirements if you already hold a real estate license from another state. You can forego the education requirements to obtain your Utah sales agent license if you are a sales agent in another state, and you can forego the education requirements to obtain your Utah broker license if you are a broker in another state.
#1. Get in touch with the Real Estate Division.
Contact the Division of Real Estate to find out if you qualify for a license requirement waiver:
Utah Division of Real Estate
Heber M. Wells Building
P.O. Box 146711
Salt Lake City, UT 84114-6711
Phone: 801.530.6747
Fax: 801.530.6749
http://realestate.utah.gov/
#2. Sign up for classes that waive the Education Requirement
When you are prepared to enroll in classes and have obtained a Candidate Education Certifying Document (education waiver) from the Utah Division of Real Estate, you can do so right away.
#3. Finish the enrollment process.
We will sign and date your Candidate Education Certifying Document (Education Waiver) and email it to you once you have finished all of the needed courses. When taking the license exam, you must bring your signed and stamped waiver with you.
#4. Accomplish the license test and apply.
A PearsonVUE Test Center nearby can book your exam. To arrange your license exam, you will need to know when your course will be finished.
NOTE: If your waiver specifies that “State Only” examinations are required, you have extra instructions for scheduling your exam. Before scheduling your exam, you must send your General Exam Waiver to PearsonVUE. To schedule, adhere to the directions given by the Division of Real Estate.
Lastly, submit your license application through the Division of Real Estate website:
Utah Division of Real Estate Property Management Rules
According to current Utah Division real estate licensing rules, property management is officially regarded as a real estate activity and necessitates a broker’s license. Any person who engages in property management, which includes marketing real estate for lease or rent, finding potential tenants or lessees, negotiating a lease or rental conditions, and signing lease or rental agreements, must have a Broker License. Such actions may also be taken by a Sales Agent who works for a Broker.
Are there any exceptions to the requirement that a Utah property manager hold a real estate brokers license?
YES. An owner who manages their property, a worker for one property owner, apartment managers who live in the apartments at a reduced rate, full-time salaried employees of a Homeowners Association, management of a hotel or motel, or management activities connected with rental accommodations for a period of fewer than 30 days are exempt from the licensing requirement.
Please get in touch with the Utah Division of Real Estate for further information on these and other standards and exceptions for Utah property management.
Always make sure a property manager is properly licensed before appointing them to oversee your rental property in Utah. Using their Licensee Info Search tool, Utah property managers’ license statuses can be found.
How Hard Is the Utah Real Estate Exam?
No, it’s not tough if you’re ready, that much is clear. The majority of students succeed on their real estate exams, but passing isn’t always a given. About 23% of Utah students need to repeat the exam to pass.
How Many Questions Is the Utah Real Estate Exam?
140 questions
Both the state and the federal sections of the Utah Real Estate Exam are $59 each. The exam consists of two parts (national and state), has 140 questions overall, and has a four-hour time limit.
What Are the Hardest States to Get a Real Estate License List?
When it comes to issuing a real estate license, Colorado and Texas top the list of all states. Before receiving a real estate license, each state has educational requirements and an exam that you must pass.
How Much Does the Average Realtor Make in Utah?
Real estate agents that possess this expertise make +61.67% more than the average annual base pay of $84,924 (which they receive).
What State Do Realtors Make the Most Money?
The eight states with the highest average real estate agent salaries are as follows:
- New York: $111,800 (average real estate agent salary)
- Massachusetts: $84,180.
- Connecticut: $79,780.
- Alaska: $79,360.
- Colorado: $76,850.
- Utah: $75,170.
- California: $74,140.
- Texas: $72,830.
What State Has the Highest Commission for Real Estate?
In both the developed world and the US, New York City has the highest average real estate commission rate.
How Many Times Can You Take the Utah Real Estate Exam?
There is no restriction on how many times you may take the test. After finishing your pre-license training, you have a year to take the exam and apply for your license. The exam calendar does fill up, so be sure to sign up again as soon as you can if you don’t pass the first time.
What Is the Passing Score for the Utah Real Estate Exam?
Passing a score of 70 is required, and for the broker exam, a score of 75 for the salesperson exam. Any score below 70 or 75, with a passing score of 70 or 75, represents how close the candidate was to passing rather than the number or proportion of questions they answered correctly.
Conclusion
A significant professional move is to become a real estate broker in Utah. This advanced license enables you to work independently, launch real estate brokerage firms, and oversee other agents inside of these organizations. It also looks fantastic on a résumé.
Although obtaining a Utah real estate broker license is a very easy procedure, there are several processes and requirements you must meet before applying or sitting for the broker’s exam.
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