Section R850-11-600 - Real Estate Brokerage Services1. The agency is not required to solicit bids for real estate brokerage services, and may list trust lands with a licensed Utah broker as it sees fit. 2. Where the agency has not listed a property with a broker, but has undertaken internal marketing efforts, the agency is authorized but not obligated to pay a commission or finder's fee no greater than the prevailing market rates in the area to real estate brokers who have previously registered their client as directed by the agency, and who are the procuring cause of: (a) the sale of trust lands; or (b) a development transaction entered into by the agency pursuant to R850-140. 3. Commission amounts will be determined in the discretion of the agency based on type of transaction, prevailing market conditions, and any other relevant factors. Utah Admin. Code R850-11-600
Amended by Utah State Bulletin Number 2016-4, effective 1/21/2016