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UTAH Real Estate School - UTAH Definitions Practice Exam Questions with 100% Correct Answers. $11.49
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UTAH Real Estate School - UTAH Definitions Practice Exam Questions with 100% Correct Answers.
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UTAH Real Estate School - UTAH Definitions Practice Exam Questions with 100% Correct Answers. A real estate license is required in Utah if you are: - CORRECT ANSWER A seller's agent who receives a commission each time a property sells. An unlicensed person is offered a job selling investment...

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  • November 25, 2024
  • 3
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

Subjects

  • utah
  • utah real estate school utah definitions practic

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  • UTAH.
  • UTAH.

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UTAH Real Estate School - UTAH
Definitions Practice Exam Questions
with 100% Correct Answers.
A real estate license is required in Utah if you are: - CORRECT ANSWER A seller's agent who receives a
commission each time a property sells.



An unlicensed person is offered a job selling investment opportunities. The opportunity is buying a small
lot. The return will come later when many investors have bought small contiguous parcels and they are
consolidated and sold as one parcel to a major developer. What applies in this scenario? - CORRECT
ANSWER The salesperson must have a real estate license.



Indicate who needs a license in the following list. - CORRECT ANSWER Employee managing multiple
owner's property.



Which of the following best describes the homeowners' association in a condominium project? -
CORRECT ANSWER All unit owners acting together as directed in the bylaws.



E has managed the office building for his employer for 14 years as an unlicensed salaried employee. E
has been asked to manage a 4-plex in exchange for a percentage of the rents collected by friend who is
leaving the country for a couple of years. E is considering taking on this additional project. - CORRECT
ANSWER E must be a licensed real estate agent to manage the 4plex under these circumstances.



A real estate license is required if you are: - CORRECT ANSWER A regular salaried employee of the
owner who manages property for multiple clients.



J is not a licensed real estate agent, but he contracts with homeowners to give him power of attorney to
sell their properties. Which is true? - CORRECT ANSWER J could be fined for acting as a real estate agent
without a license.



W needs to be a licensed real estate agent in order to: - CORRECT ANSWER Help his girlfriend sell her
house in exchange for a commission.

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