Utah Real Estate- Organization And Licensing pg 3-1 Questions & Answers Already Graded A +
3 views 0 purchase
Course
Utah Real Estate- Organization And Licensing
Institution
Utah Real Estate- Organization And Licensing
Commissioners - A member of a state regulatory Real estate commission, board, or division.
Continuing Education - A requirement for licensees to complete a specifies number of educational
offerings as a prerequisite to license renewal or reinstatement.
After completing the pre-licensing course a...
Utah Real Estate- Organization And
Licensing pg 3-1
Commissioners - A member of a state regulatory Real estate commission, board, or division.
Continuing Education - A requirement for licensees to complete a specifies number of educational
offerings as a prerequisite to license renewal or reinstatement.
After completing the pre-licensing course and successfully passing the State exam, which of the following
will keep someone from having to take the test again? - Get the license within 90 days from the
successful test date.
An associate broker can do all of the following except: - Pay commissions
(Can: negotiate leases, prepare closing documents, and take listings)
An owner was paying his friend to collect the rents from a duplex on the other side of the city. Would the
friend be required to have a real estate license? - Yes, property managers who are being paid for
their work have to have real estate licenses.
A builder hires a secretary to sit in a model home in his development and sho the property to
prospective buyers. The secretary also coordinates subcontractors and acts as a receptionist for potential
buyers. The secretary is paid entirely by salary. Is it necessary for the secretary to have a real estate
license? - Yes, because she is working with potential buyers in a property that is being offered for
sale.
Branch Office - Any remote operation of the main real estate office which will be in operation
more than 12 months and must be registered with the Real Estate Division.
, 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.
By Utah statute responsibility for licensing procedures belongs to the: - Real Este education
coordinator
Commissioners-at-large - The one member of the Commission that is from the general public.
Core - Continuing education topics that are specifically required by the Utah Division of Real
Estate.
Director of the Division - Appointed by Executive Director of the Department of Commerce.
Serves at pleasure of the Governor. Responsible for preparing budget for fiscal year, submitting each
years report to governor and legislature before or on 1st Oct. concerning the division's work for
preceding fiscal year.
Elective - A topic of continuing education that is not core, but satisfies the continuing education
requirements.
Executive Director of the Department of Commerce - The person who appoints the Director of the
Utah Division of Real Estate.
If there is a branch office, where should the records of branch transactions be kept? - The main
office of the branch office, as appropriate.
In Utah, a person operating a separate and independent property management company must hold
which of the following licenses? - Principal broker's license
Inactive License - A real estate license that is not on active status with the Utah Division of Real
Estate.
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ACADEMICMATERIALS. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $8.39. You're not tied to anything after your purchase.
