R162-2f-401l

R162-2f-401l. Gifts and Inducements

Last amended: 2025Length: 65 wordsOfficial source

Cite as Utah Admin. Code R162-2f-401l

(1) An inducement gift is permissible and is not an illegal sharing of commission if the principal broker or affiliated licensee offering the inducement gift to a buyer or a seller complies with the underwriting guidelines that apply to any loan in the transaction for which the inducement has been offered. (2) A closing gift is permissible and is not an illegal sharing of commissions.
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