R162-2f-501. Appendices

  (1) When submitting evidence of qualifying experience which experience complies with the requirements in section R162-2f-401a as part of an application for licensure as a broker, an applicant shall select from the applicant's total qualifying experience at least 60 documented experience points and no more than 80 documented experience points for review and approval by the division.

  (2) When calculating experience points in Table 1, experience points for a transaction subject to an agency agreement other than an exclusive brokerage agreement as defined in Utah Code Subsection 61-2f-308(1)(d) are limited to one-quarter of the points described in Table 1.

  (3) When calculating experience points from Tables 1 and 2, experience points are limited to points for those activities which require a real estate license and comply with R162-2f-401a. A minimum of one-half of the points in Tables 1 and 2 must derive from transactions of properties located in the state of Utah.

TABLE 1

APPENDIX 1 - REAL ESTATE SALES TRANSACTIONS

EXPERIENCE TABLE

RESIDENTIAL - points can be accumulated from either the selling

or the listing side of a real estate closing:

  (a) One unit dwelling 2.5 points

  (b) Two- to four-unit dwellings 5 points

  (c) Apartments, 5 units or over 10 points

  (d) Improved lot 2 points

  (e) Vacant land/subdivision 10 points

COMMERCIAL

  (f) Hotel or motel 10 points

  (g) Industrial or warehouse 10 points

  (h) Office building 10 points

  (i) Retail building 10 points

TABLE 2

APPENDIX 2 - LEASING TRANSACTIONS AND PROPERTY MANAGEMENT

EXPERIENCE TABLE

RESIDENTIAL

  (a) Each property management 1 point per unit

      agreement up to 5 points

  (b) Each unit leased 1.25 points

                                                per unit

  *(c) All other property management 0.25 pt/month

COMMERCIAL - hotel/motel, industrial/warehouse, office, or

retail building

  (a) Each property management 1 point per

      agreement unit up to 5 points

  (b) Each unit leased 1.25 points

                                                per unit

  *(c) All other property management 1 pt/month

     *When calculating experience points from Table 2, the

total combined monthly experience credit claimed for "All other

property management" combined, both residential and commercial,

may not exceed 25 points in any application to practice as a

real estate broker.

TABLE 3

APPENDIX 3 - OPTIONAL EXPERIENCE TABLE

Real Estate Attorney 1 pt/month

CPA-Certified Public Accountant 1 pt/month

Mortgage Loan Officer 1 pt/month

Licensed Escrow Officer 1 pt/month

Licensed Title Agent 1 pt/month

Designated Appraiser 1 pt/monthLicensed General Contractor 1 pt/month

Bank Officer in Real Estate Loans 1 pt/month

Certified Real Estate Prelicensing Instructor .5 pt/month