§ 61-2f-406. Grounds for revocation of principal broker's license. (Effective 5/13/2014)

Latest version.

(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.

(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.

Amended by Chapter 350, 2014 General Session

                    
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