Enforcement 1 & 2 Flashcards Preview

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Flashcards in Enforcement 1 & 2 Deck (15)
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1

Requirements to become a real estate commissioner

be an agent with 5 years experience

2

Division of Real Estate was created to...

protect the public

3

Who appoints RE commissioners

The governor

4

Who makes rules for agents, and standards of conduct for brokers, rules for property companies, rules for prelicense schools, license qualifications,

The RE commission

5

Division of Real Estate regulates

lending officers, agents, appraisers, enforcement of rules of RE transactions

6

If the division sends Notice of Complaint about the agent, they have _______days to respond

10 days

7

Division may issues correctives for minor issues. How many days does agent have to comply

30 days

8

Appeals of RE Commission decisions are heard by

Director of Department of COMMERCE

9

If you break a rule, you go before the

Commission

10

Who makes rules for RE instructors

RE Comission

11

How many days to upload CE attendance and records

10 days

12

CE course must be submitted for approval within ____days of start

30 days

13

Division of RE can hold two types of hearings...

Informal or formal

14

First violation of Utah law =

((Class A misdemeanor) max 6 months incarceration
2nd offence (3rd degree felony) = 2 years

15

The RE Commission can impose max fines of

5k