Use of money.

  1. Law
  2. Utah Code
  3. Securities Division - Real Estate Division
  4. Real Estate Licensing and Practices Act
  5. Real Estate Education, Research, and Recovery Fund Act
  6. Use of money.

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  • (1) Money accumulated in the fund in excess of $100,000 shall be set aside and segregated to be used by the division to:
    • (a) investigate violations of this chapter related to fraud, misrepresentation, or deceit; and
    • (b) advance education and research in the field of real estate.
  • (2) The division may use the money described in Subsection (1) only in a manner consistent with Subsection (1), including for a course:
    • (a) sponsored by the division;
    • (b) offered by the division in conjunction with any university or college in the state; or
    • (c) provided for by contracting for a particular research project in the field of real estate for the state.




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