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HB 377UTAHSession 2026State BillSigned into law
Enacted

Utah extends property manager license implementation date to January 1, 2027 and establishes new regulatory requirements

Original title: Real Estate Amendments

Last action · March 18, 2026: Governor SignedSponsors: Neil Walter and 2 others

Bill progressHistory & official text ↓
Introduced
Committee
Floor Vote
Passed
Law

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What This Bill Does

Utah extends the mandatory property manager licensing implementation date to January 1, 2027, establishes a property management report requirement for the Department of Commerce, and sets rules for s, property manager trust accounts, and broker affiliations taking effect on May 6, 2026.

Why it matters

Property managers and real estate brokerages in Utah face new licensing deadlines, trust account exemptions, and record-keeping rules that govern how client funds and property management operations are handled.

Who It Affects

Groups the bill's text affects, as described in the record. Being affected is not a position for or against it.

Directly affected

Property Managers

Property managers must comply with updated licensing timelines, affiliation rules, trust account mandates, and potential bonding exemptions.

Directly affected

Real Estate Brokerages

Brokerages must maintain specified records for three years and oversee affiliated property managers according to updated statutory provisions.

Directly affected

Department of Commerce

The department is required to study and report on regulatory jurisdiction over property management to a legislative committee before August 31, 2026.

Key Facts

You don't have to trust us. Each fact below is taken straight from the official document - click any one to see the exact passage, highlighted in the original.

Frequently Asked Questions

When does the property manager licensing requirement take effect?
The implementation date for the property manager license is extended to January 1, 2027.
Are property managers always required to keep client funds in a trust account?
No. A property manager is exempt from maintaining a trust account if they obtain a security bond protecting at least 30% of estimated client funds and both the property owner and lease agreements explicitly state that a trust account is not required.
What report does the Department of Commerce have to make?
Before August 31, 2026, the department must make a recommendation to the Business and Labor Interim Committee regarding overlapping jurisdiction between the Division of Consumer Protection and the Division of Real Estate over property management.

What else do you want to know?

News Coverage

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Where This Stands

Current status: Signed into law.

Procedural history

59 actions
  1. Mar 18, 2026Lieutenant Governor's office for filingEnrolled
    Governor Signed
  2. Mar 16, 2026House
    House/ to Governor
  3. Mar 16, 2026House
    House/ received enrolled bill from Printing
  4. Mar 12, 2026House
    House/ enrolled bill to Printing
  5. Mar 12, 2026Clerk of the House
    Enrolled Bill Returned to House or Senate
  6. Mar 11, 2026Legislative Research and General Counsel / Enrolling
    Draft of Enrolled Bill Prepared
Show 53 earlier actions
  1. Mar 11, 2026Legislative Research and General Counsel / Enrolling
    Bill Received from House for Enrolling
  2. Mar 11, 2026House
    House/ signed by Speaker/ sent for enrolling
  3. Mar 11, 2026House
    House/ received from Senate
  4. Mar 10, 2026Senate
    Senate/ to House
  5. Mar 10, 2026Senate
    Senate/ signed by President/ returned to House
  6. Mar 10, 2026Senate
    Senate/ received from House
  7. Mar 6, 2026House
    House/ to Senate
  8. Mar 6, 2026House
    House/ concurs with Senate amendment
  9. Mar 6, 2026House
    House/ placed on Concurrence Calendar
  10. Mar 6, 2026House
    House/ received from Senate
  11. Mar 6, 2026Senate
    Senate/ to House with amendments
  12. Mar 6, 2026SenateFloor
    Senate/ passed 2nd & 3rd readings/ suspension
  13. Mar 6, 2026Senate
    Senate/ substituted
  14. Mar 6, 2026Senate
    Senate/ 2nd & 3rd readings/ suspension
  15. Mar 6, 2026Senate
    Senate/ Rules to 2nd Reading Calendar
  16. Mar 5, 2026Released
    LFA/ fiscal note publicly available for HB0377S03
  17. Mar 4, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0377S03
  18. Mar 4, 2026Legislative Fiscal Agency
    LFA/ bill sent to agencies for fiscal input for HB0377S03
  19. Mar 4, 2026Legislative Fiscal Analyst
    LFA/ bill assigned to staff for fiscal analysis for HB0377S03
  20. Mar 4, 2026Senate
    Senate/ 2nd Reading Calendar to Rules
  21. Feb 27, 2026Senate
    Senate/ placed on 2nd Reading Calendar
  22. Feb 27, 2026Senate
    Senate/ comm rpt/ amended
  23. Feb 27, 2026Senate
    Senate Comm - Favorable Recommendation
  24. Feb 27, 2026Senate
    Senate Comm - Amendment Recommendation
  25. Feb 25, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0377S02
  26. Feb 25, 2026SenateCommittee
    Senate/ to standing committee
  27. Feb 24, 2026SenateIntroduced
    Senate/ 1st reading (Introduced)
  28. Feb 23, 2026Senate
    Senate/ received from House
  29. Feb 23, 2026House
    House/ to Senate
  30. Feb 23, 2026HouseFloor
    House/ passed 3rd reading
  31. Feb 23, 2026House
    House/ 3rd reading
  32. Feb 23, 2026Legislative Fiscal Agency
    LFA/ bill sent to agencies for fiscal input for HB0377S02
  33. Feb 23, 2026Legislative Fiscal Analyst
    LFA/ bill assigned to staff for fiscal analysis for HB0377S02
  34. Feb 17, 2026Released
    LFA/ fiscal note publicly available for HB0377S01
  35. Feb 17, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0377S01
  36. Feb 17, 2026House
    House/ 2nd reading
  37. Feb 17, 2026House
    House/ comm rpt/ substituted
  38. Feb 17, 2026House
    House Comm - Favorable Recommendation
  39. Feb 17, 2026House
    House Comm - Substitute Recommendation
  40. Feb 16, 2026Legislative Fiscal Agency
    LFA/ bill sent to agencies for fiscal input for HB0377S01
  41. Feb 16, 2026Legislative Fiscal Analyst
    LFA/ bill assigned to staff for fiscal analysis for HB0377S01
  42. Feb 12, 2026House
    House Comm - Not Considered
  43. Feb 9, 2026HouseCommittee
    House/ to standing committee
  44. Feb 5, 2026House
    House/ received fiscal note from Fiscal Analyst
  45. Feb 5, 2026Released
    LFA/ fiscal note publicly available for HB0377
  46. Feb 3, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0377
  47. Jan 28, 2026Version Sponsor
    LFA/ fiscal note sent to sponsor for HB0377
  48. Jan 27, 2026HouseIntroduced
    House/ 1st reading (Introduced)
  49. Jan 26, 2026House
    House/ received bill from Legislative Research
  50. Jan 26, 2026Legislative Fiscal Agency
    LFA/ bill sent to agencies for fiscal input for HB0377
  51. Jan 26, 2026Legislative Fiscal Analyst
    LFA/ bill assigned to staff for fiscal analysis for HB0377
  52. Jan 26, 2026Legislative Research and General Counsel
    Numbered Bill Publicly Distributed
  53. Jan 26, 2026Legislative Research and General Counsel
    Bill Numbered but not Distributed

Version history

Only one version on file - nothing to compare yet. As later stages (committee substitute, engrossed, enrolled) are captured, the redline appears here.

View official text →

Lobbying Activity

No state lobbying filings in our records match this bill. Federal lobbying reports (LDA) cover Congress, so they are not listed on state bills.

Full breakdown

Who this bill affects and the strongest case for and against it, written only from the bill’s own text.

Sponsors

Neil WalterHouse · District 74RepublicanPrimary sponsor
Cal MusselmanSenate · District 4RepublicanCosponsor
Cal MusselmanSenate · District 4RepublicanCosponsor

Discoveries

1 pattern noticed across the record

Patterns POLISCOPE noticed across the record. These are observations to investigate, not conclusions.

policy shift99% confidence

Postponement of Property Manager Licensing Deadline

The state has pushed back the required implementation date for property manager licensing to January 1, 2027, allowing additional time for administrative alignment.

Division of Real EstateDepartment of Commerce

Connected Entities

R. Neil Walter, Division of Consumer Protection, Business and Labor Interim Committee and 4 more
PersonR. Neil Walter“Chief Sponsor of HB 377”Map →
OrganizationDivision of Consumer Protection“State division whose jurisdiction regarding property management is reviewed unde”Map →
OrganizationBusiness and Labor Interim Committee“Legislative committee to receive the Department of Commerce's property managemen”Map →
PersonCalvin R. Musselman“Senate Sponsor of HB 377”Map →
OrganizationReal Estate Commission“Commission created within the division to make rules and administer the chapter”Map →
OrganizationDivision of Real Estate“State division regulating real estate and property management”Map →
OrganizationDepartment of Commerce“Required to make a recommendation regarding property management jurisdiction”Map →

Sources

Open source document

le.utah.gov

Analysis Score

0–100
  • Significance65
    How much this matters to a regular citizen
  • Controversy10
    Intensity of disagreement among stakeholders
  • Entertainment5
    Compellingness for a non-policy-wonk reader
  • Buzz20
    Current news / social attention level

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