Utah Business Broker & M&A Advisor License Requirements
Becoming a licensed business broker or M&A advisor in Utah requires meeting specific education, exam, and experience standards. This guide covers every requirement, fee, and regulatory pathway for Utah as of 2025–2026.
License Type Required in Utah Real estate broker license required. Utah business brokers operate under the Real Estate Broker License, regulated by the Utah Division of Real Estate.
Education Requirements
Pre-license (salesperson): 120 hours of approved coursework
Experience Required 3 years as licensed salesperson/broker.
Exam & Licensing Fees
Exam: PSI national + Utah state exam
Application fee: $152
License fee: $100
Exam note: Utah requires 120 hrs for each of salesperson and broker coursework
Continuing Education 18 hours per 2 years required to maintain active Utah broker license. Include mandatory ethics and law topics.
M&A Advisor Requirements in Utah Utah's Silicon Slopes tech ecosystem and growing economy make it an increasingly active M&A market. Business brokerage uses the real estate broker license. Utah Division of Securities oversees M&A securities activity. Tech-sector M&A advisors in Utah commonly affiliate with FINRA-registered broker-dealers.
Industry Certifications (Optional but Career-Critical)
CBI (Certified Business Intermediary) — International Business Brokers Association (IBBA)
M&AMI (M&A Master Intermediary) — IBBA, for deals $5M+
CMAP (Certified M&A Professional) — AM&AA
Series 79 (Investment Banking Representative) — FINRA, for larger M&A advisory
Series 82 (Private Securities Offerings Representative) — FINRA
How to Get Started as a Business Broker in Utah 1. Complete 120 hrs pre-license coursework 2. Pass the PSI national + Utah state exam 3. Obtain your Utah salesperson/associate license 4. Work under a licensed broker for 3 years as licensed salesperson/broker 5. Complete 120 hrs additional broker coursework and pass the broker exam 6. Pursue CBI certification via IBBA to establish market credibility