Real estate utah law Study guides, Class notes & Summaries

Utah Real Estate Test Exam UPDATED Exam Questions and CORRECT Answers The word "Ownership" means the same thing as the word A.Freehold B.Leasehold C.Possession D.Both A & C - CORRECT 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 - CORRECT ANSWER- C.Fee Simple Absolute

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 - Answer-b. be afforded a hearing before the Utah Real Estate Commission After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? - Answer-b. 90 days Where must a sales agent have his license displayed? - Answer-c. Prominently displayed on the wall at hi...

Utah Law Exam (Stringham) Questions and Answers Already Graded A A sales agent who offers a guarantee that if the listing does not sell within six months the agent will buy the listing, must also: (a) A licensee is convicted of a criminal offense. (b) Provide a bond to back the guarantee. (c) Provide complete written details of the guarantee before the property is listed. (d) Notify the Division of Real Estate in advance of the terms of the guarantee. Provide complete written details o...

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 - Answer- b. be afforded a hearing before the Utah Real Estate Commission After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? - Answer- b. 90 days Where must a sales agent have his license displayed? - Answer- c. Prominently displayed on the w...

1. Trust accounts are designed for other peoples money. - correct answer True 2. The Real Estate Trust Account can draw interest not to exceed ____% - correct answer 0 3. According to Utah Law, the earnest money must be deposited within _______ business/banking/working days. - correct answer 3 4. In the real estate trust account, the broker can dep...

REAL ESTATE UTAH LAW QUESTIONS & ANSWERS (2023/2024)(VERIFIED ANSWERS)

Utah Real Estate Questions and Answers Already Passed 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 proper...

Utah Real Estate Exam Guide Question with 100% Correct Answers |Graded A+| b. be afforded a hearing before the Utah Real Estate Commission *Ans* 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 *Ans* After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? c. Prominently displayed o...

What is a net listing? Is it illegal? - A net listing is selling a property for a determined price where the seller Only requires a small amount of money and let the agent have the rest (huge commission); it is ILLEGAL in the state of Utah After foreclosure, there's not enough money to cover all files of the mechanic's liens. What is the priority of payoff? - Laborers first, suppliers and subs second, general contractor last Where should a broker keep sales agents' licenses? - Broker's ...

b. be afforded a hearing before the Utah Real Estate Commission - 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 - 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 - Answer Where must a sales a...