(1) (a) An entity may not engage in an activity described in Section 61-2f-201, unless it is registered with the division. (b) To register with the division under this Subsection (1), an entity shall submit to the division: (i) an application in a form required by the division; (ii) evidence of an affiliation with a principal broker; (iii) evidence that the entity is registered and in good standing with the Division of Corporations and Commercial Code; and (iv) a registration fee established by the commission with the concurrence of the division under Section 63J-1-504. (c) The division may terminate an entity's registration if: (i) the entity's registration with the Division of Corporations and Commercial Code has been expired for at least three years; and (ii) the entity's license with the division has been inactive for at least three years.

(a) An entity may not engage in an activity described in Section 61-2f-201, unless it is registered with the division.

(b) To register with the division under this Subsection (1), an entity shall submit to the division: (i) an application in a form required by the division; (ii) evidence of an affiliation with a principal broker; (iii) evidence that the entity is registered and in good standing with the Division of Corporations and Commercial Code; and (iv) a registration fee established by the commission with the concurrence of the division under Section 63J-1-504.

(i) an application in a form required by the division;

(ii) evidence of an affiliation with a principal broker;

(iii) evidence that the entity is registered and in good standing with the Division of Corporations and Commercial Code; and

(iv) a registration fee established by the commission with the concurrence of the division under Section 63J-1-504.

(c) The division may terminate an entity's registration if: (i) the entity's registration with the Division of Corporations and Commercial Code has been expired for at least three years; and (ii) the entity's license with the division has been inactive for at least three years.

(i) the entity's registration with the Division of Corporations and Commercial Code has been expired for at least three years; and

(ii) the entity's license with the division has been inactive for at least three years.

(2) (a) A principal broker shall register with the division each of the principal broker's branch offices. (b) To register a branch office with the division under this Subsection (2), a principal broker shall submit to the division: (i) an application in a form required by the division; and (ii) a registration fee established by the commission with the concurrence of the division under Section 63J-1-504.

(a) A principal broker shall register with the division each of the principal broker's branch offices.

(b) To register a branch office with the division under this Subsection (2), a principal broker shall submit to the division: (i) an application in a form required by the division; and (ii) a registration fee established by the commission with the concurrence of the division under Section 63J-1-504.

(i) an application in a form required by the division; and

(ii) a registration fee established by the commission with the concurrence of the division under Section 63J-1-504.

(3) (a) In accordance with rules made by the commission with the concurrence of the division, the division shall certify: (i) a real estate school; (ii) a course provider; or (iii) an instructor. (b) In accordance with rules made by the commission, subject to concurrence by the division, the division shall certify a continuing education course that is required under this chapter.

(a) In accordance with rules made by the commission with the concurrence of the division, the division shall certify: (i) a real estate school; (ii) a course provider; or (iii) an instructor.

(i) a real estate school;

(ii) a course provider; or

(iii) an instructor.

(b) In accordance with rules made by the commission, subject to concurrence by the division, the division shall certify a continuing education course that is required under this chapter.

(4) Except as provided by rule, a principal broker may not be responsible for more than one registered entity at the same time.

(5) A principal broker may simultaneously supervise one main office and up to two additional branch offices.

(6) A branch broker may simultaneously supervise up to three branch offices.

(7) (a) In addition to issuing a principal broker license, associate broker license, or sales agent license authorizing the performance of an act set forth in Section 61-2f-201, the division may issue a specialized sales license or specialized property management license with the scope of practice limited to the specialty. (b) An individual may hold a specialized license in addition to a license as a principal broker, associate broker, or a sales agent. (c) A sales agent who is affiliated with a dual broker may act as a property management sales agent if: (i) the dual broker designates the sales agent as a property management sales agent; and (ii) the sales agent pays to the division a property management sales agent designation fee in an amount determined by the division in accordance with Section 63J-1-504. (d) A property management sales agent may simultaneously provide both property management services and real estate sales services under the supervision of a dual broker as provided by the commission with the concurrence of the division by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

(a) In addition to issuing a principal broker license, associate broker license, or sales agent license authorizing the performance of an act set forth in Section 61-2f-201, the division may issue a specialized sales license or specialized property management license with the scope of practice limited to the specialty.

(b) An individual may hold a specialized license in addition to a license as a principal broker, associate broker, or a sales agent.

(c) A sales agent who is affiliated with a dual broker may act as a property management sales agent if: (i) the dual broker designates the sales agent as a property management sales agent; and (ii) the sales agent pays to the division a property management sales agent designation fee in an amount determined by the division in accordance with Section 63J-1-504.

(i) the dual broker designates the sales agent as a property management sales agent; and

(ii) the sales agent pays to the division a property management sales agent designation fee in an amount determined by the division in accordance with Section 63J-1-504.

(d) A property management sales agent may simultaneously provide both property management services and real estate sales services under the supervision of a dual broker as provided by the commission with the concurrence of the division by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act.

(8) The commission may determine, by rule made in accordance with Title 63G, Chapter 3, Utah Administrative Rulemaking Act, subject to concurrence by the division, licensing requirements related to this section for a principal broker, associate broker, sales agent, dual broker, property management sales agent, or for a specialized license described in Subsection (7), including: (a) prelicensing and postlicensing education requirements; (b) examination requirements; (c) affiliation with real estate brokerages or property management companies; (d) property management sales agent: (i) designation procedures; (ii) allowable scope of practice; and (iii) division fees; (e) what constitutes reasonable supervision for: (i) a principal broker when supervising a branch broker or sales agent; and (ii) a branch broker when supervising a sales agent; and (f) other licensing procedures.

(a) prelicensing and postlicensing education requirements;

(b) examination requirements;

(c) affiliation with real estate brokerages or property management companies;

(d) property management sales agent: (i) designation procedures; (ii) allowable scope of practice; and (iii) division fees;

(i) designation procedures;

(ii) allowable scope of practice; and

(iii) division fees;

(e) what constitutes reasonable supervision for: (i) a principal broker when supervising a branch broker or sales agent; and (ii) a branch broker when supervising a sales agent; and

(i) a principal broker when supervising a branch broker or sales agent; and

(ii) a branch broker when supervising a sales agent; and

(f) other licensing procedures.