61-2f-409 - Actions for recovery of compensation restricted.
61-2f-409. Actions for recovery of compensation restricted.
(1) A person may not bring or maintain an action in any court of this state for therecovery of a commission, fee, or compensation for any act done or service rendered which isprohibited under this chapter to other than principal brokers, unless the person was licensed as aprincipal broker at the time of the doing of the act or rendering the service.
(2) (a) A sales agent or associate broker may not sue in that individual's own name forthe recovery of a fee, commission, or compensation for services as a sales agent or associatebroker unless the action is against the principal broker with whom the sales agent or associatebroker is or was affiliated.
(b) An action for the recovery of a fee, commission, or other compensation may only beinstituted and brought by the principal broker with whom a sales agent or associate broker isaffiliated.
Renumbered and Amended by Chapter 379, 2010 General Session