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House adopts compromise allowing affiliated title-brokerage relationships under federal RESPA rules
Summary
A second-substitute to SB121 removes Utah’s prohibition on affiliated business relationships between title companies and brokerages and adopts federal RESPA guidelines plus a negotiated 30% outside-business rule; sponsors said the Utah Land Title Association backed the substitute.
SALT LAKE CITY — The Utah House on March 12 passed a second-substitute to Senate Bill 121 that eases state restrictions on affiliated-business relationships between title companies and real estate brokerages while incorporating federal RESPA standards and additional state limits.
Representative Schultz, the floor sponsor, said the substitute allows owners to have both title and brokerage…
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