Section R162-2f-401l - Gifts and Inducements(1) An inducement gift is permissible and is not an illegal sharing of commission if the principal broker or affiliated licensee offering the inducement gift to a buyer or a seller complies with the underwriting guidelines that apply to any loan in the transaction for which the inducement has been offered.(2) A closing gift is permissible and is not an illegal sharing of commissions.Utah Admin. Code R162-2f-401l
Adopted by Utah State Bulletin Number 2016-6, effective 2/23/2016Amended by Utah State Bulletin Number 2022-11, effective 5/25/2022