No. Utah’s real-estate licensing rules flatly bar an individual licensee from acting as a real-estate agent or broker in the same transaction in which the licensee also acts as a mortgage loan originator.
What the rule says
(n) act as a real estate agent or broker in the same transaction in which the licensee also acts as a: (i) mortgage loan originator, associate lending manager, or principal lending manager
What applies in every state
- Both licenses must be active. The mortgage side is an individual MLO license, sponsored by a licensed mortgage company, with the SAFE test, 20 hours of education and a background check behind it.
- Federal law sits above the state rule. RESPA Section 8 bars pay for a referral, and Regulation Z sets what a loan originator may be paid for. Compensation on the mortgage side is for origination work performed. The RESPA and referral-fee explainer walks through it.
- The lender on the loan has its own rule. FHA permits the dual role since 2022. Conventional lenders decide file by file in writing.
- The buyer keeps the right to choose any lender, and the disclosure says so.