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Real Estate Exam Utah Law Questions With 100% Verified Answers. $10.49   Add to cart

Exam (elaborations)

Real Estate Exam Utah Law Questions With 100% Verified Answers.

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  • Course
  • Utah Real Estate
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  • Utah Real Estate

Real Estate Exam Utah Law Questions With 100% Verified Answers. Where should a broker keep sales agents' licenses? - answerBroker's file What happens to sales agents' licenses when the broker's license is revoked? - answerTheir license is inactivated How does the broker get back in the busines...

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  • October 2, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Utah Real Estate
  • Utah Real Estate
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Real Estate Exam Utah Law Questions With
100% Verified Answers.


Where should a broker keep sales agents' licenses? - answer✔Broker's file

What happens to sales agents' licenses when the broker's license is revoked? - answer✔Their
license is inactivated

How does the broker get back in the business if his/her license is revoked? - answer✔Must start
over with sales agent license, after waiting five years

What is the main purpose of the continuing education? - answer✔To protect the public
What is a double contract as contrasted with double commission or dual agency? -
answer✔When a second contract or our EPC is created to deceive a lender

Purpose of the first hundred thousand dollars in the recovery fund? - answer✔To protect the
public from dishonest licensees
How much equity could be projected for the head of the household, spouse and three
dependents? - answer✔$40,000

What is the main purpose of the Marketable Record Title Act? - answer✔Simplify and stabilize
title searches

Who can have the 120 hours education requirement waived? - answer✔A member of the Utah
Bar

Who does the governor point? - answer✔Commissioners

What does the Real Estate Commission NOT get involved with? - answer✔Disputes involving
commission splits

What does it take to have earnest money earn interest? - answer✔Separate account, written
approval of both parties as to who gets the interest

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