Section 61-2f-406 - Grounds for revocation of principal broker's license(1) An unlawful act or violation of this chapter committed by a person listed in Subsection (2) is cause for: (a) the revocation, suspension, or probation of a principal broker's license; or(b) the imposition of a fine against the principal broker in an amount not to exceed $5,000 per violation.(2) Subsection (1) applies to an act or violation by any of the following: (a) a sales agent or associate broker employed by a principal broker;(b) a sales agent or associate broker engaged as an independent contractor by or on behalf of a principal broker; or(c) an employee, officer, or member of a principal broker.Amended by Chapter 350, 2014 General Session ,§ 10, eff. 5/13/2014.Renumbered and Amended by Chapter 379, 2010 General Session