Utah Code 57-29-202. License required
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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 :(24)(a) an individual;(24)(b) an association;(24)(c) an institution;(24)(d) a corporation;(24)(e) a company;(24)(f) a trust;(24)(g) a limited liability company;(24)(h) a partnership;(24)(i) a political subdivision;(24)(j) a government office, department, division, bureau, or other body of government; and(24)(k) any other organization or entity. See Utah Code 68-3-12.5
- Undivided fractionalized long-term estate: means an ownership interest in real property by two or more persons that is:
(8)(a)(i) a tenancy in common; or(8)(a)(ii) a fee estate. See Utah Code 57-29-102Except 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.
- Undivided fractionalized long-term estate: means an ownership interest in real property by two or more persons that is: