(1) A licensee shall notify the division of the following by sending the division a signed statement within 10 business days of: (a) a conviction of, or the entry of a plea in abeyance to: (i) a felony; or (ii) a misdemeanor involving financial services or a financial services-related business, fraud, a false statement or omission, theft or wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion; (b) the potential resolution of a felony or of a misdemeanor described in Subsection (1)(a)(ii) by: (i) a diversion agreement; or (ii) another agreement under which a criminal charge is held in suspense for a period of time; (c) the filing of a personal or brokerage bankruptcy, if the licensee is a principal broker; (d) the suspension, revocation, surrender, cancellation, or denial of a license or registration of the licensee that is necessary to engage in an occupation or profession, regardless of whether the license or registration is issued by this state or another jurisdiction; or (e) the entry of a cease and desist order or a temporary or permanent injunction: (i) against the licensee by a court or administrative agency; and (ii) on the basis of: (A) conduct or a practice involving the business of real estate; or (B) conduct involving fraud, misrepresentation, or deceit.
(a) a conviction of, or the entry of a plea in abeyance to: (i) a felony; or (ii) a misdemeanor involving financial services or a financial services-related business, fraud, a false statement or omission, theft or wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion;
(i) a felony; or
(ii) a misdemeanor involving financial services or a financial services-related business, fraud, a false statement or omission, theft or wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion;
(b) the potential resolution of a felony or of a misdemeanor described in Subsection (1)(a)(ii) by: (i) a diversion agreement; or (ii) another agreement under which a criminal charge is held in suspense for a period of time;
(i) a diversion agreement; or
(ii) another agreement under which a criminal charge is held in suspense for a period of time;
(c) the filing of a personal or brokerage bankruptcy, if the licensee is a principal broker;
(d) the suspension, revocation, surrender, cancellation, or denial of a license or registration of the licensee that is necessary to engage in an occupation or profession, regardless of whether the license or registration is issued by this state or another jurisdiction; or
(e) the entry of a cease and desist order or a temporary or permanent injunction: (i) against the licensee by a court or administrative agency; and (ii) on the basis of: (A) conduct or a practice involving the business of real estate; or (B) conduct involving fraud, misrepresentation, or deceit.
(i) against the licensee by a court or administrative agency; and
(ii) on the basis of: (A) conduct or a practice involving the business of real estate; or (B) conduct involving fraud, misrepresentation, or deceit.
(A) conduct or a practice involving the business of real estate; or
(B) conduct involving fraud, misrepresentation, or deceit.
(2) The commission, with the concurrence of the director, shall enforce the reporting requirement under this section pursuant to Section 61-2f-404.
Copyright ©2024 LegalFix. All rights reserved. LegalFix is not a law firm, is not licensed to practice law, and does not provide legal advice, services, or representation. The information on this website is an overview of the legal plans you can purchase—or that may be provided by your employer as an employee benefit or by your credit union or other membership group as a membership benefit.
LegalFix provides its members with easy access to affordable legal services through a network of independent law firms. LegalFix, its corporate entity, and its officers, directors, employees, agents, and contractors do not provide legal advice, services, or representation—directly or indirectly.
The articles and information on the site are not legal advice and should not be relied upon—they are for information purposes only. You should become a LegalFix member to get legal services from one of our network law firms.
You should not disclose confidential or potentially incriminating information to LegalFix—you should only communicate such information to your network law firm.
The benefits and legal services described in the LegalFix legal plans are not always available in all states or with all plans. See the legal plan Benefit Overview and the more comprehensive legal plan contract during checkout for coverage details in your state.
Use of this website, the purchase of legal plans, and access to the LegalFix networks of law firms are subject to the LegalFix Terms of Service and Privacy Policy.