Utah Real Estate Exam Bundle

The word "Ownership" means the same thing as the word A.Freehold B.Leasehold C.Possession D.Both A & C - Answer D. Both A & C The highest interest in real estate recognized by law is: A.Fee Simple Defeasible B.Legal Life Estate C.Fee Simple Absolute D.Fee Simple Determinable - Answer C....

With regard to assignability, Utah's REPC states what? - Answer no assignment without prior written consent of the seller A Closing Disclosure is a five-page form that provides final details regarding what? - Answer The buyer's real estate transaction. Where is a new loan amount to be acquir...

Trust accounts are designed for other people's money - Answer True The Real Estate Trust Account can draw interest not to exceed..... - Answer 0% According to Utah Law, the earnest money must be deposited within ---- business/banking/working days - Answer 3 In the real estate trust account...

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...

CERLA - Answer In 1980 the federal government adopted into law the Comprehensive Environmental Response, Compensation, and Liability Act (CERCLA). This law's purpose is to identify sites of environmental pollution and provide funds for cleanup. key word: CLEANUP EPA - Answer EPA The Environme...

Minimum age to get real estate license in Utah - Answer 18 Number of states with licensing laws - Answer 50 Number of required CORE CE hours for each renewal period after the first renewal cycle - Answer 9 Latest day of the expiration month that the license renewal form should be submitted ...

How many hours of continuing education certified as CORE must be completed per renewal period? - Answer 9 How many TOTAL hours of continuing education must be completed per renewal period? - Answer 18 What evidence is part of the requirement of character in Utah's qualification for licensure?...

The New Construction REPC allows for the purchase price on the home to be increased if - Answer A written change order is signed in advance by the buyer and seller If the seller will not agree to an option, it might be a good time to use a(n): - Answer First right of refusal A special warranty...