Utah Real Estate Certification- Compiled
Exam *Q&A* (100% Correct) 2025/2026
|VERIFIED|
In a hearing regarding the suspension or revocation of a license, what must the accused licensee be
provided with in writing before the hearing takes place?
The accused must be given written notice o...
Utah Real Estate Certification- Compiled
Exam *Q&A* (100% Correct) 2025/2026
|VERIFIED|
In a hearing regarding the suspension or revocation of a license, what must the accused licensee be
provided with in writing before the hearing takes place?
The accused must be given written notice of the hearing.
When an individual passes the examination and is notified of the result, what is the deadline for them to
pay the required license fee?
The license fee must be paid within 90 days of receiving notification.
If a sales agent or associate broker stops representing a principal broker, what is the required action that
must be taken by the agent?
A written notice must be given to the Division of Real Estate to inform them of the change.
What is the first condition a principal broker must meet if they wish to pursue legal action for
commission recovery against a client?
The principal broker must hold a valid license to initiate legal action for commission recovery.
Which of the following actions could result in the suspension or revocation of a real estate license due to
unethical conduct or criminal activity?
a. Accepting compensation from multiple parties in a transaction without full disclosure
b. A felony conviction for fraud
c. Demonstrating incompetence in the practice
d. All of the above
All of the above
When a sales agent receives an earnest money deposit from a buyer, who is responsible for handling the
deposit correctly?
1
, The earnest money deposit must be turned over to the sales agent's principal broker.
In advising a married couple who is purchasing a home, what title arrangement should a real estate
agent normally suggest, and why might they avoid giving legal advice on the matter?
Typically, a sales agent would recommend the couple take title as tenants by the entirety, but
legal advice on titles should generally be avoided as it requires specific legal knowledge.
What legal consequences might a real estate licensee face if they misrepresent facts during a property
transaction?
A licensee may face civil lawsuits, criminal penalties, including fines or imprisonment, and
potential suspension or revocation of their license.
When a broker receives a cash earnest money deposit and delays depositing it into the trust account by
putting it in a personal account overnight, what ethical violation has occurred?
This situation exemplifies commingling, which is the improper mixing of personal funds with
client funds.
What disclosure requirement is violated when a licensee places an advertisement that does not include
the name of the principal broker?
The failure to disclose the name of the principal broker in the advertisement is a violation.
Who is a licensed real estate sales agent permitted to accept compensation from, under the law?
A sales agent can only accept compensation from their employing principal broker.
How long must a principal broker retain transaction and trust account records according to real estate
license law, and why is this important?
A principal broker must retain these records for three years following the year of the transaction
to ensure compliance with legal recordkeeping requirements.
Which of the following is an exception to the eligibility requirements for a sales agent’s license,
considering education criteria?
2
, A high school diploma or G.E.D. certificate is not a necessary requirement for obtaining a sales
agent’s license.
Which fund provides financial support for real estate education and compensates individuals defrauded
by real estate professionals?
The Real Estate Recovery Fund serves these purposes, helping with education and public
compensation.
Which public entities are supported, in part, by property taxes, as related to real estate taxation?
School districts, counties, and cities are partially funded by real property taxes.
If a property owner has a home on a $90,000 lot, what would the property’s assessed value be for
taxation purposes, considering the local tax laws?
The assessed value for property tax purposes would be $49,500, based on the local assessment
rules.
What is the last date for paying real property taxes to avoid delinquency, and why is this deadline
significant?
To avoid penalties, real property taxes must be paid by November 30, ensuring timely payment.
In the proper sequence of actions for subdivision development, which step must come first before any
sales can begin?
I. Recording the subdivision plat
II. Obtaining approval from the planning commission
III. Commencing sales
The proper sequence is II, I, III.
Who is responsible for enforcing the Utah Uniform Land and Timeshares Sale Act, and why is this
important for real estate transactions?
The Division of Real Estate oversees the enforcement of this act, ensuring proper regulation of
land and timeshare sales.
3
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