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Utah real estate exam Questions and Correct Answers | Latest Update $13.09   Add to cart

Exam (elaborations)

Utah real estate exam Questions and Correct Answers | Latest Update

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  • Course
  • Utah Real Estate
  • Institution
  • Utah Real Estate

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...

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  • September 20, 2024
  • 41
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Utah Real Estate
  • Utah Real Estate
avatar-seller
Latestupdate
2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Utah real estate exam Questions and Correct
Answers | Latest Update
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 exam, an applicant has how many days to


pay the appropriate license fee?


✓ -:- b. 90 days




Where must a sales agent have his license displayed?


✓ -:- c. Prominently displayed on the wall at his principal brokers office




A sales agent applicant may solicit listings and negotiate with prospects when he:


✓ -:- obtains his license




The Real Estate Commission has:

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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- b. five members




Which of the following would be a proper disbursement from a broker's trust account?


✓ -:- d. plumbing repair bills for a property on which the broker has a

management contract




A branch office:


✓ -:- d. must operate under the same name as the main office under an

associate broker




Funds received by a broker as earnest money must be deposited in the trust account:


✓ -:- c. within four banking days




A broker licensed in Utah as a nonresident principal broker must maintain a principle


business location in:


✓ -:- b. Utah




Provided that he or she has an active license, a sales agent may:

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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- c. act as an agent for the broker his or her license is on file with




A real estate principal broker is prohibited from purchasing real estate on his own


behalf by


✓ -:- a. rules of the Commission

b. Utah state statutes


c. the law of agency


answer d. None of the above




Duties of the Real Estate Commission include:


✓ -:- a. promulgating rules relating to the conduct of real estate brokers

and sales agents

b. establishing license fees for real estate licensees


c. investigating complaints


d. all of the above




A real estate licensee who is an agent for the seller must:




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, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!



✓ -:- a. give the buyer and the seller written notice that he or she is an

agent for the seller




Which of the following would be required to have a real estate principal broker


present?


✓ -:- a. An auctioneer auctioning real estate




In the case of a violation of the license law by a licensee, the licensee may be subject


to a


✓ -:- a. civil penalty of up to $500

b. criminal fine of up to $1,000


c. lawsuit for civil damages


d. all of the above




A real estate principal broker must maintain a copy of closing statements:


✓ -:- b. for three years following the year in which closing occurred




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