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House passes major real‑estate licensing and oversight update after amendment
Summary
First Substitute HB86, a package of real‑estate industry changes including longer pre‑licensing, fee adjustments, expanded recovery fund limits, and greater trainee oversight, passed the House after an adopted technical amendment (Amendment No.1).
Lawmakers on the House floor approved First Substitute House Bill 86 on Jan. 29, 2009, a broad set of amendments to Utah’s real‑estate licensing and oversight statutes.
Representative Ford, sponsor of the substitute, described industry collaboration with regulators and professional groups — the Real Estate Commission, the Utah Association of Realtors, mortgage and…
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