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Real Estate Exam Utah Law Questions and Correct Answers | Latest Update
Real Estate Exam Utah Law Questions and Correct Answers | Latest Update
[Show more]Real Estate Exam Utah Law Questions and Correct Answers | Latest Update
[Show more]Where should a broker keep sales agents' licenses? 
 -:- Broker's file 
What happens to sales agents' licenses when the broker's license is revoked? 
 -:- Their license is inactivated 
How does the broker get back in the business if his/her license is revoked? 
 -:- Must start over with sales ag...
Preview 2 out of 7 pages
Add to cartWhere should a broker keep sales agents' licenses? 
 -:- Broker's file 
What happens to sales agents' licenses when the broker's license is revoked? 
 -:- Their license is inactivated 
How does the broker get back in the business if his/her license is revoked? 
 -:- Must start over with sales ag...
With regard to assignability, Utah's REPC states what? 
 -:- no assignment without prior written consent of the seller 
A Closing Disclosure is a five-page form that provides final details regarding what? 
 -:- The buyer's real estate transaction. 
Where is a new loan amount to be acquired by the ...
Preview 2 out of 13 pages
Add to cartWith regard to assignability, Utah's REPC states what? 
 -:- no assignment without prior written consent of the seller 
A Closing Disclosure is a five-page form that provides final details regarding what? 
 -:- The buyer's real estate transaction. 
Where is a new loan amount to be acquired by the ...
Which of the following options would NOT satisfy the points requirement for a broker 
applicant to get their license? 
(a) 60 points that come from selling properties. 
(b) A combination of 45 points from sales and 15 points from property management. 
(c) A combination of 45 points from real estate...
Preview 3 out of 23 pages
Add to cartWhich of the following options would NOT satisfy the points requirement for a broker 
applicant to get their license? 
(a) 60 points that come from selling properties. 
(b) A combination of 45 points from sales and 15 points from property management. 
(c) A combination of 45 points from real estate...
Procuring Cause 
 -:- is traceable by an uninterrupted series of casual events. 
A transaction broker agreement may have a clause to automatically extend the agreement 
 -:- if a transaction is underway when the agreement expires. 
An agent contacted an owner to see if they might want to sell the pr...
Preview 3 out of 21 pages
Add to cartProcuring Cause 
 -:- is traceable by an uninterrupted series of casual events. 
A transaction broker agreement may have a clause to automatically extend the agreement 
 -:- if a transaction is underway when the agreement expires. 
An agent contacted an owner to see if they might want to sell the pr...
Ad Valorem Tax 
 -:- A tax levied according to the value of the property 
Alta or Lender's Policy 
 -:- The lender's title insurance policy which offers coverage in the 
amount of the loan which includes a site visit to discover unrecorded 
encumbrances 
Assessed Value 
 -:- A percentage of the ...
Preview 2 out of 7 pages
Add to cartAd Valorem Tax 
 -:- A tax levied according to the value of the property 
Alta or Lender's Policy 
 -:- The lender's title insurance policy which offers coverage in the 
amount of the loan which includes a site visit to discover unrecorded 
encumbrances 
Assessed Value 
 -:- A percentage of the ...
Marissa, a new licensee, has some questions. Which of these questions can the Utah 
Association of REALTORS help answer for her? 
 -:- Where can I go to find marketing data on my area so i can advertise 
more effectively? 
An old colleague of yours, Patricia, is an appraiser. She was the subject o...
Preview 3 out of 25 pages
Add to cartMarissa, a new licensee, has some questions. Which of these questions can the Utah 
Association of REALTORS help answer for her? 
 -:- Where can I go to find marketing data on my area so i can advertise 
more effectively? 
An old colleague of yours, Patricia, is an appraiser. She was the subject o...
12 Hour New Agent Course 
 -:- The continuing education course required by the Utah Division of 
Real Estate for a new licensee's initial renewal period. 
Branch Office 
 -:- Any remote operation of the main real estate office which will be in 
operation more than 12 months and must be registered...
Preview 2 out of 10 pages
Add to cart12 Hour New Agent Course 
 -:- The continuing education course required by the Utah Division of 
Real Estate for a new licensee's initial renewal period. 
Branch Office 
 -:- Any remote operation of the main real estate office which will be in 
operation more than 12 months and must be registered...
Affixed 
 -:- Typically in reference to mineral, water, or surface rights, resources 
that go with the property are affixed. 
Annexation 
 -:- The process of personal property becoming real property. With 
reference to subsurface rights, annexation is adding water or mineral 
rights to the proper...
Preview 4 out of 95 pages
Add to cartAffixed 
 -:- Typically in reference to mineral, water, or surface rights, resources 
that go with the property are affixed. 
Annexation 
 -:- The process of personal property becoming real property. With 
reference to subsurface rights, annexation is adding water or mineral 
rights to the proper...
Before a licensee's license may be suspended or revoked for prohibited discriminatory 
practices, the licensee must:b. be afforded a hearing before the Utah Real Estate 
Commission 
 -:- b. be afforded a hearing before the Utah Real Estate Commission 
After being notified of passing the license e...
Preview 4 out of 41 pages
Add to cartBefore a licensee's license may be suspended or revoked for prohibited discriminatory 
practices, the licensee must:b. be afforded a hearing before the Utah Real Estate 
Commission 
 -:- b. be afforded a hearing before the Utah Real Estate Commission 
After being notified of passing the license e...
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