100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
Utah Real Estate Questions and Correct Answers | Latest Update $11.49   Add to cart

Exam (elaborations)

Utah Real Estate Questions and Correct Answers | Latest Update

 8 views  0 purchase
  • Course
  • Utah Real Estate
  • Institution
  • Utah Real Estate

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 estat...

[Show more]

Preview 3 out of 23  pages

  • September 20, 2024
  • 23
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Utah Real Estate
  • Utah Real Estate
avatar-seller
TestTrackers
2024 /2025 | © copyright | This work may not be copied for profit gain Excel!




Utah Real Estate Questions and Correct
Answers | Latest Update
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 and 15 points from optional allowed

activities.


(d) 60 points for property management while employed by the owner.


✓ -:- d. 60 points for property management while employed by the owner




If a principal broker dies, and it is a sole proprietorship, what should be done with the

records of the company?




(a) A receiver will be appointed by the Division to handle the records.


(b) The administrator of the broker's estate must keep the records.


(c) The Division should be notified as to where the records will be stored.



1|P a g e | G r a d e A + | 2 0 2 0 2 5

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



(d) They must be transferred to the Division.


✓ -:- c. The Division should be notified as to where the records will be

stored.




The term for Utah's water law, which determines who gets to have rights to use and

distribution of water, is:




(a) Beneficial use


(b) Prior appropriation


(c) Riparian rights


(d) Littoral rights


✓ -:- (b) Prior appropriation




The Marketable Record Title Act:




(a) protects buyers of lots in subdivisions.


(b) has been in effect since 1901.


(c) simplifies clearing title.

2|P a g e | G r a d e A + | 2 0 2 0 2 5

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



(d) is assigned to clear an undisturbed title.


✓ -:- (c) simplifies clearing title.




Where are the water right records stored?




(a) County Recorder's Office


(b) Water Commissioner's Office


(c) Real Estate Division


(d) State Engineer's Office


✓ -:- (d) State Engineer's Office




Under the Division Rules, which of the following is NOT correct?




(a) Net listings shall not be taken by a licensee.


(b) A principal broker cannot keep part of the earnest money unless both parties agree.


(c) Licensees shall keep their broker informed regarding their transactions.


(d) When requested by the client, the agent must give them copies of documents from both

sides of the

3|P a g e | G r a d e A + | 2 0 2 0 2 5

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 TestTrackers. Stuvia facilitates payment to the seller.

Will I be stuck with a subscription?

No, you only buy these notes for $11.49. You're not tied to anything after your purchase.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

83637 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$11.49
  • (0)
  Add to cart