Utah Real Estate License Information
A
real estate license is required of any person who, for
another and for valuable consideration, negotiates or
consummates the sale, lease, exchange or purchase of
real estate.
The
Utah Real Estate Commission determines the qualifications
and the requirements of all applicants for a Utah real
estate license. Each applicant is required to provide
evidence of honesty, integrity, truthfulness, reputation
and competency. Each applicant must pass an examination
covering the fundamentals of the English language, arithmetic,
bookkeeping, real estate principals and practices, the
Rules established by the Real Estate Commission and
any other aspect of Utah Real Estate License Law considered
appropriate.
SALES
AGENT LICENSE
License Requirements - The applicant
for a sales agent license must be at least 18 years
of age.
Education
Requirements - An applicant for a sales agent
license must complete an approved educational program
of 90 classroom hours. The subject matter of the course
will consist of Real Estate Principals and Practices
and Utah Real Estate License Law.
All
courses must be completed at a Division approved real
estate school.
Membership
in the Utah State Bar will satisfy this education requirement.
Experience
will not satisfy the education requirement.
Licensing
Procedure - Within 90 days after the successful
completion of the examination, the applicant must return
the following to the Division:
Score
Report/License Application - The applicant
will provide a score report/license application received
from ASI ( the professional testing service) which indicates
that both the national and state portions of the examination
have been passed. The passing score report/license application
must be signed by the principal broker with whom the
applicant will be affiliating. No such signature is
required of the applicant who desires inactive status.
Education Documentation - The applicant will provide
documentation of the successful completion of 90 hours
of classroom education taken within the previous year.
Documentation will consist of the signed and stamped
education certificate located in the examination Candidate
Handbook, and/or an education waiver issued by the Division.
Fees - The fee will include the license
fee, the fee for the Recovery Fund, and the fingerprint
processing fee. Currently, this totals $140.00.
ASSOCIATE
BROKER and/or PRINCIPAL BROKER LICENSE
License Requirements - The applicant
for an associate broker/principal broker license must
be at least 18 years of age.
The
applicant must have a minimum of three years real estate
experience and a total of at least 60 points accumulated
within the five years prior to licensing. A minimum
of two years (24 months) and at least 45 points will
be accumulated from Tables I and/or II. The remaining
15 points may be accumulated from tables I, II, or III.
The Principal Broker may accumulate additional experience
points by having participated in real estate related
activities as outlined in Experience Points Table III.
Education
Requirements - An applicant for an associate
broker or principal broker license must complete an
approved educational program of 120 hours. The subject
matter of the course will consist of 24 classroom hours
in Brokerage Management, 24 classroom hours in Advanced
Appraisal, 24 classroom hours in Advanced Finance, 24
classroom hours in Property Management, and 24 classroom
hours in Advanced Real Estate Law. All courses must
be completed at a Division approved real estate school.
The
Division may waive all or part of the education requirement
by virtue of equivalent education. Education waivers
may be granted only by the Division. To obtain an education
waiver, the applicant must provide to the Division valid
documentation of his/her equivalent education.
Experience
will not satisfy the education requirement
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