TRANSACTION COORDINATOR RULES ARE CONFUSING – WE WANT TO HELP YOU KNOW THEM AND STAY COMPLIANT

I’ve  created a Google Drive Folder with a Summary of Utah TC rules and recent communications that I had personally had with the Chair of the Real Estate Commission and the Utah Division of Real Estate. 

https://shorturl.at/bCl42


Licensed TC’s can only provide services outside of their own Brokerage and have their pay contingent upon settlement if a Co-Brokerage or Co-Listing Agreement is in place.  

There are a variety of reasons that Licensees don’t comply with these rules. 

-They don’t know or like the rules 
-Their broker won’t sign a Co-Broker Agreement
-Their broker won’t let them work outside their own brokerage
-They know agents won’t pay hourly as required w/out a co-brokerage agreement
-They know agents only want to pay them if the property closes.   

 Regardless of the reason for non-compliance those that don’t follow the rules put their own license and yours at risk for disciplinary action (See Utah Rule 61-2f-401 (3)(b) and (12-16)).  

I would love to be your preferred TC.  As a Principal Broker that focuses on Agent Support Services I can provide excellent service and make the process of working together simple and compliant.