UTAH CODE (Last Updated: January 16, 2015) |
Title 57. Real Estate |
Chapter 19. Timeshare and Camp Resort Act |
§ 57-19-16. Denial, revocation, or suspension of registration of salesperson -- Fine.
Latest version.
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(1) Subject to Section 57-19-17, if the director finds that an applicant or salesperson has engaged in an act described in Subsection (2), the director may: (a) deny an application for registration as a salesperson; (b) suspend or revoke an existing registration; or (c) impose a civil penalty not to exceed $500. (2) Subsection (1) applies if the director finds that the applicant or salesperson: (a) files, or causes to be filed, with the director a document that contains an untrue or misleading information; (b) makes an untrue or misleading statement of material fact; (c) fails to state a material fact that is necessary in order to make the statements made not misleading in light of the circumstances under which the statements are made; (d) employs a device, scheme, or artifice to defraud, or engages in an act, practice, or course of business that operates or would operate as a fraud or deceit upon a person; (f) violates this chapter; (g) engages in an activity that constitutes dishonest dealing; or (h) engages in unprofessional conduct as defined by statute or rule made by the director.
Amended by Chapter 352, 2009 General Session