Utah Administrative Code (Current through November 1, 2019) |
R162. Commerce, Real Estate |
R162-2f. Real Estate Licensing and Practices Rules |
R162-2f-401l. Gifts and Inducements
Latest version.
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(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.