On Mar. 25, 2025, UTA LEG reported that governor signed and approved HB 419.
On Mar. 7, UTA LEG passed bill re authority, discipline and advertising.
UTA LEG passed HB 419, amends provisions re Division of Real Estate's investigation practices and procedures; amends UTA LEG 61-2 and UTA LEG 61-2f (real estate).
Bill Provisions
Amends provisions related to authority to investigate licensees, including time periods for retention of certain documents, and the division's ability to request document.
Provides guidance on the determination of disciplinary actions taken by commission.
Bill defines terms related to advertising practices; in addition, provides that certain conduct by a principal broker does not create an agency relationship with a buyer.
Amends provisions related to the inclusion of the brokerage's name being included in an advertisement or through a link requiring only one click; makes technical changes.
Legislative History
On Feb. 6, 2025, bill introduced in the House; on Feb. 28, 2025, bill passed the House.
On Feb. 28, 2025, bill introduced in the Senate; on Mar. 7, 2025, bill passed Senate.
Effectiveness
If enacted, bill takes effect on May 7, 2025.
Mar. 25, 2025 UTA LEG Bill Approval
On Mar. 25, 2025, UTA LEG reported that governor signed and approved HB 419.
Regulators
UTA LEG
Entity Types
Corp; IB
Reference
Act, 3/25/2025; Bill HB0419, 3/7/2025; Citation: *UTA LEG* 61-2, 61-2f;
Functions
Advertising; Compliance; Exams; Legal; Record Retention; Registration/Licensing; Reporting; Sales Practices
