Utah Code 57-29-202. License required
Current as of: 2023 | Check for updates
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Terms Used In Utah Code 57-29-202
- Division: means the Division of Real Estate created in Section 61-2-201. See Utah Code 57-29-102
- Person: means :Utah Code 68-3-12.5
- real estate: means any right, title, estate, or interest in land, including all nonextracted minerals located in, on, or under the land, all buildings, fixtures and improvements on the land, and all water rights, rights-of-way, easements, rents, issues, profits, income, tenements, hereditaments, possessory rights, claims, including mining claims, privileges, and appurtenances belonging to, used, or enjoyed with the land or any part of the land. See Utah Code 57-1-1
- Undivided fractionalized long-term estate: means an ownership interest in real property by two or more persons that is:
(i) a tenancy in common; or (ii) a fee estate. See Utah Code 57-29-102 57-29-202. License required.
Except as provided by Section 61-2f-202, a person may not offer, sell, or otherwise dispose of an undivided fractionalized long-term estate unless the person is licensed by the division under Title 61, Chapter 2f, Real Estate Licensing and Practices Act, as a principal broker, associate broker, or sales agent.Enacted by Chapter 381, 2016 General Session