Bill > HB0337

This bill modifies Utah's Real Estate Licensing and Practices Act by introducing a new property manager license category and establishing comprehensive regulations for property management professionals. The bill creates a formal definition for "property manager" and requires individuals engaging in property management to obtain a specific license, which involves completing a 24-hour educational program and passing an exam. Property managers will now have explicit rights, such as the ability to fill out rental and lease-related documents, solicit referrals, pay finder's fees, and accept referral fees. The bill also mandates that property managers either associate with a real estate trust account or obtain a security bond to protect client funds. Existing real estate brokers, associate brokers, and sales agents can obtain a property manager license without meeting the full educational and examination requirements. Additionally, the bill clarifies exemptions for property management activities, such as allowing family members to manage a property owner's real estate without a license and permitting unlicensed individuals to perform specific tasks like maintenance and bookkeeping. The new licensing and regulatory framework is designed to professionalize property management practices and provide clearer guidelines for individuals working in this field. The bill will take effect on January 1, 2026.

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https://le.utah.gov/~2025/bills/static/HB0337.html