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Utah Real Estate Exam Questions Correctly Answered. b. be afforded a hearing before the Utah Real Estate Commission - CORRECT ANSWER Before a licensee's license may be suspended or revoked for prohibited discriminatory practices, the licensee must:b. be afforded a hearing before the Utah Rea...

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  • November 22, 2024
  • 21
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • utah
  • utah real estate exam questions correctly answered

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  • UTAH.
  • UTAH.

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Utah Real Estate Exam Questions
Correctly Answered.
b. be afforded a hearing before the Utah Real Estate Commission - CORRECT ANSWER Before a
licensee's license may be suspended or revoked for prohibited discriminatory

practices, the licensee must:b. be afforded a hearing before the Utah Real Estate Commission



b. 90 days - CORRECT ANSWER After being notified of passing the license exam, an applicant has how
many days to

pay the appropriate license fee?



c. Prominently displayed on the wall at his principal brokers office - CORRECT ANSWER Where must a
sales agent have his license displayed?



obtains his license - CORRECT ANSWER A sales agent applicant may solicit listings and negotiate with
prospects when he:



b. five members - CORRECT ANSWER The Real Estate Commission has:



d. plumbing repair bills for a property on which the broker has a management contract - CORRECT
ANSWER Which of the following would be a proper disbursement from a broker's trust account?



d. must operate under the same name as the main office under an associate broker - CORRECT ANSWER
A branch office:



c. within four banking days - CORRECT ANSWER Funds received by a broker as earnest money must be
deposited in the trust account:



b. Utah - CORRECT ANSWER A broker licensed in Utah as a nonresident principal broker must maintain a
principle

business location in:

,c. act as an agent for the broker his or her license is on file with - CORRECT ANSWER Provided that he or
she has an active license, a sales agent may:



a. rules of the Commission

b. Utah state statutes

c. the law of agency

answer d. None of the above - CORRECT ANSWER A real estate principal broker is prohibited from
purchasing real estate on his own

behalf by



a. promulgating rules relating to the conduct of real estate brokers and sales agents

b. establishing license fees for real estate licensees

c. investigating complaints

d. all of the above - CORRECT ANSWER Duties of the Real Estate Commission include:



a. give the buyer and the seller written notice that he or she is an agent for the seller - CORRECT
ANSWER A real estate licensee who is an agent for the seller must:



a. An auctioneer auctioning real estate - CORRECT ANSWER Which of the following would be required
to have a real estate principal broker

present?



a. civil penalty of up to $500

b. criminal fine of up to $1,000

c. lawsuit for civil damages

d. all of the above - CORRECT ANSWER In the case of a violation of the license law by a licensee, the
licensee may be subject

to a

, b. for three years following the year in which closing occurred - CORRECT ANSWER A real estate
principal broker must maintain a copy of closing statements:



b. The sales agent's principal broker - CORRECT ANSWER A sales agent who has both negotiated the
listing and found the buyer for the property may bring a lawsuit against which of the following for the
commission if the commission is not paid as agreed in the listing?



a. January 1 - CORRECT ANSWER The lien for real property taxes attaches as of:



90 Days after the material is supplied - CORRECT ANSWER To claim a mechanic's lien for materials
supplied, a supplier must file a notice of the lien in the public record within?



d. Location of the home on the lot - CORRECT ANSWER Which of the following would not be shown on a
subdivision plat?



a. master plan - CORRECT ANSWER A long-range guide for the development of a community is called a:



b. The Act does apply to the disposition of timeshare interests in an existing

condominium - CORRECT ANSWER Which of the following statements regarding the Utah Uniform Land
Sales Practices Act is NOT true?



c. the county or city Board of Adjustment - CORRECT ANSWER If a landowner desires a variance from an
existing zoning ordinance, the landowner would make an appeal to:



a. an appropriation system - CORRECT ANSWER In regards to water rights, Utah follows:



c. signs the note - CORRECT ANSWER The trustor in connection with a trust deed is the party who:



a. a certificate of sale - CORRECT ANSWER The successful bidder at a sheriff's sale receives:



b. there is not right of redemption following the foreclosure sale - CORRECT ANSWER All of the
following statements are true regarding a mortgage foreclosure, except:

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