Full text of Utah Utah Code § 2f-309 — Record requirements., with citation guidance and answers to common questions.
§ 2f-309. Record requirements.
Effective 5/6/2026
61-2f-309.
Record requirements.
A brokerage and a property manager described in Subsection 61-2f-302(8) shall:
| (1) | maintain and safeguard the following records to the extent the records relate to the business of a principal broker:
| (a) | trust account records, including the monthly reconciliation of the trust account; |
| (b) | each document that a licensee affiliated with the principal broker submits to a lender or underwriter as part of a real estate transaction; |
| (c) | each document the parties to a transaction jointly execute, if the principal broker or an affiliated licensee is required to have an agency agreement; and |
| (d) | each document that a licensee, over whom the principal broker has supervisory responsibility in accordance with Subsection (1)(c), executes; |
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| (2) | maintain the records identified in Subsection (1):
| (a) |
| (i) | physically:
| (A) | at the principal business location that the principal broker designates on division records; or |
| (B) | where applicable, at a branch office that the principal broker designates on division records; or |
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| (ii) | electronically, in a storage system that complies with Title 46, Chapter 4, Uniform Electronic Transactions Act; and |
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| (b) | for at least three calendar years after the year in which:
| (ii) | a transaction either closes or fails; |
| (iii) | in a lease transaction, a lease agreement commences; or |
| (iv) | the term of a property management agreement ends; |
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| (3) | upon request of the division, make a record identified in Subsection (1) available for inspection and copying by the division; |
| (4) | notify the division, in writing within ten business days after the day on which the brokerage terminates business operations, of where the brokerage will maintain business records; and |
| (5) | upon filing for brokerage bankruptcy, notify the division, in writing, of:
| (a) | the brokerage bankruptcy filing; and |
| (b) | the current location of each record identified in Subsection (1). |
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Amended by Chapter
142, 2026 General Session
Frequently Asked Questions About Utah § 2f-309
What does Utah Code § 2f-309 cover?
Section 2f-309 ("Record requirements.") is part of the Utah Code, the codified statutory law of Utah. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Utah § 2f-309?
A common citation format is "Utah Code § 2f-309" (Utah). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Utah law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Utah official source linked on this page or consult a licensed Utah attorney.
How does Utah § 2f-309 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Utah can advise on how this section applies to you. Contact your state or local bar association for a referral.
