Bill > HB0377

This bill makes several amendments to Utah's real estate laws, primarily focusing on clarifying definitions, licensing requirements, and commission responsibilities. Key changes include the introduction of a "dual broker" license, which allows a principal broker to also function as the principal broker for a separate property management company, and the addition of "dual broker" to the list of required licenses for property management activities. The bill also refines the definition of "advertisement" to exclude certain general social media posts and clarifies that "DBA" (Doing Business As) is now referred to as "D.B.A." The Real Estate Commission's rule-making authority is updated to include rules for dual brokers and property managers, and the process for appointing commission members is slightly altered. Additionally, the bill clarifies exemptions from licensing requirements, particularly for individuals performing property management services, and updates record-keeping requirements for brokerages, extending the retention period for certain documents and specifying where they must be maintained. Finally, it modifies the conditions under which a property manager is required to maintain client funds in a trust account, allowing for exceptions if both the property owner and tenants agree in writing.

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