HB 1002 Utah House · 2025 First Special Session

Property Manager Amendments

HB 1002 delays the requirement for property managers to hold a license in Utah from the 2025 General Session to July 1, 2026. It also creates an exception allowing property managers to avoid associating with a real estate trust account under certain circumstances. These changes apply directly to property managers and property management companies operating in Utah, providing additional time to comply with licensing rules while modifying a specific trust account requirement. The bill makes technical updates to Utah’s real estate licensing code without appropriating new funds.

Bill status signed all 5 stages cleared

Introduction

Oct 2025

Committee Review

House Passage

Oct 2025

Senate Passage

Oct 2025

Signed into Law

Oct 2025

Introduced Oct 6, 2025 Signed Oct 14, 2025

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What changed between versions

Introduced → Enrolled · 5 edits · Oct 14, 2025

MODERATE

This bill amends Utah's property manager licensing laws to establish a new property manager license category effective July 1, 2026, creates exceptions for property managers regarding trust account requirements, and makes technical corrections to existing real estate commission provisions. The changes expand regulatory oversight for property managers while providing flexibility for those affiliated with principal brokers.

Scope change

The bill expands the scope of real estate regulation to include property managers as a distinct license category, previously only covered under general property management provisions.

TIMELINE

Property manager licensing requirements are delayed until July 1, 2026, rather than taking effect immediately.

REQUIREMENT

New property manager license category is created with specific education and examination requirements effective July 1, 2026.

Property managers affiliated with principal brokers are exempt from maintaining separate trust accounts and can use the broker's trust account instead.

ELIGIBILITY

Property managers with active broker licenses may obtain property manager licenses without meeting education or examination requirements effective July 1, 2026.

TECHNICAL

Various technical corrections and formatting updates were made to existing real estate commission sections.

Floor votes

How they voted

This bill passed the Senate by voice vote (no roll call recorded).

Full legislative history

Actions timeline

Total actions

Key actions

Committee

Oct 14, 2025

Signed into law

Governor Signed

executive

Oct 6, 2025

Lower · Passed

House/ signed by Speaker/ sent for enrolling

lower

Oct 6, 2025

Lower · Passed

Senate/ signed by President/ returned to House

lower

Oct 6, 2025

Introduced

Senate/ 1st reading (Introduced)

upper

Oct 6, 2025

Upper · Passed

House/ passed 3rd reading

upper

Oct 6, 2025

Introduced

House/ 1st reading (Introduced)

lower

1 primary · 1 co-sponsor