This entry was posted on Monday, March 5th, 2007 at 2:03 am and is filed under Agents & Brokers, Laws. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
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March 5, 2007
I wondered who I would meet before I enrolled in the school. There tend to be 20 or so students at the school, the majority of which are female. Age wise, there seems to be an even split between those like me in their early twenties, and those in their late forties. I have caught a few of the older class members giving me glares, which I can only imagine stem from the great age difference.
Many in the class seem to have some experience relating to real estate, often working as assistants in brokerages, or as loan officers. An assistant is severely limited here in Utah to being able to perform secretarial duties, handout leaflets provided they stay silent, acting as a courier, placing signs, making keys, and securing public records.
Under Utah law, a personal assistant cannot receive a commission, and must be compensated at a predetermined rate, non contingent upon sales. They may not solicit over the phone, and cannot make statements on properties. Pretty strict rules, considering the long list of exemptions to licensing requirements. Such exemptions allow anyone to be exempt from licensing requirements in Utah provided they convince the property owner to sign them powers of attorney, make them trustee, or live on-site as a property manager.
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