If the owner and principal broker of Jones Real Estate Co. decide to open a separate property management company, which does NOT apply?

In Utah real estate law, there are specific regulations regarding property management companies, particularly resources such as the requirements for opening a new business entity designed for property management. The option that states there must first be more than six property management accounts does not hold true as a requirement for establishing a property management company. There is no standard number of accounts mandated before a property management company can be formed.

The other options are applicable. The broker can indeed manage both real estate and property management companies, allowing them to streamline their business operations efficiently. The name of the new property management company is permitted to differ from the main real estate company, which provides flexibility in branding. Furthermore, naming it "Jones Property Management Company" is acceptable as it maintains the connection to the existing real estate brand while still distinguishing the new entity.

Thus, the outlined requirement about having more than six accounts is not a legitimate prerequisite, making it the correct choice in this context.