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Section 406 - Grounds for revocation of principal broker's license.

UT Code § 61-2f-406 (2019) (N/A)
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(1) An unlawful act or violation of this chapter committed by a person listed in Subsection (2) is cause for: (a) the revocation, suspension, or probation of a principal broker's license; or (b) the imposition of a fine against the principal broker in an amount not to exceed $5,000 per violation.

(a) the revocation, suspension, or probation of a principal broker's license; or

(b) the imposition of a fine against the principal broker in an amount not to exceed $5,000 per violation.

(2) Subsection (1) applies to an act or violation by any of the following: (a) a sales agent or associate broker employed by a principal broker; (b) a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or (c) an employee, officer, or member of a principal broker.

(a) a sales agent or associate broker employed by a principal broker;

(b) a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or

(c) an employee, officer, or member of a principal broker.

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Section 407 - Remedies and action for violations.