Utah Law for Real Estate professionals has been updated in a few ways this year. In HB419, we will spend some time going into detail in a few of these changes in future articles, but here is a summary of what is in this new law:
- Advertising
- If you don’t specifically list a service or a property, it will not be considered an ad. Social Media posts that mention you are an agent, but don’t specify a service or property won’t be treated as ads.
- If you advertise a property, the brokerage must be within “One Click.” Slightly different from the rule to include the brokerage name if it is “reasonable”
- Mobile and Manufactured Home Sales now require a licensed agent to help sell
- Definitions of Division actions like Admonition and Reprimand
- Defining which agent mistakes can be published in the Newsletter, likely reducing what is published there. They can still be published on the website
- Defining a Real Estate Transaction, which includes a new term of a Business Opportunity
- Specifying things a Seller’s Agent can do to help an unrepresented buyer, without accidentally creating agency.
Check out the video for a full list of changes and some thoughts! See the whole bill at the following link:
Let us know your thoughts!