Bill > HB0377

This bill, titled "Real Estate Amendments," aims to clarify and reorganize regulations surrounding real estate professionals, particularly focusing on property management. A key provision mandates that by August 31, 2026, the Department of Commerce will recommend to the Business and Labor Interim Committee how to best manage overlapping jurisdictions between the Division of Consumer Protection and the Division of Real Estate concerning property managers, proposing statutory changes to avoid duplication. The bill also introduces new definitions and licensing requirements for "property managers" and "dual brokers," with the property manager license becoming effective on January 1, 2027, and requiring specific educational hours. Furthermore, it clarifies record-keeping requirements for brokerages and certain property managers, mandates criminal background checks for new applicants, and revises rules regarding trust accounts for property managers, allowing for exceptions if agreed upon by the property owner and stated in the lease agreement. The bill also makes various technical amendments to existing real estate laws, including updating definitions and clarifying licensing procedures.

Business and Industry

https://le.utah.gov/~2026/bills/static/HB0377.html