58-56-16 - Registration of dealers -- Bonding requirements -- Renewal -- Exemptions -- Discipline.
58-56-16. Registration of dealers -- Bonding requirements -- Renewal --Exemptions -- Discipline.
(1) Each person engaged in the sale of factory built housing in the state, except asprovided in Subsection (4), shall register with the division as a dealer.
(2) Each applicant for registration under this section shall:
(a) submit an application in a form prescribed by the division;
(b) pay a fee determined by the department under Section 63J-1-504; and
(c) provide the division with a registration bond in accordance with rules established bythe division.
(3) (a) The division shall issue each registration under this section in accordance with atwo-year renewal cycle established by rule.
(b) The division may by rule extend or shorten a renewal cycle by as much as one year tostagger the renewal cycles it administers.
(c) Each registration under this section automatically expires on the expiration date onthe certificate of registration unless the registrant renews it in accordance with Section 58-1-308.
(4) Subsection (1) does not apply to:
(a) a person not regularly engaged in the sale of factory built housing who is selling aunit the person owns for the person's own account;
(b) a principal broker licensed under Title 61, Chapter 2f, Real Estate Licensing andPractices Act; or
(c) a sales agent or associate broker licensed under Title 61, Chapter 2f, Real EstateLicensing and Practices Act, who sells factory built housing as an agent for, and under thesupervision of, the principal broker with whom the sales agent or associate broker is affiliated.
(5) Grounds for refusing to issue a registration, for refusing to renew a registration, forrevoking, suspending, restricting, or placing on probation a registration, for issuing a public orprivate reprimand to a registrant, and for issuing a cease and desist order shall be in accordancewith Section 58-1-401.
Amended by Chapter 379, 2010 General Session