Utah law - Study guides, Class notes & Summaries

In a condominium subdivision, who owns the supporting structure of each individual unit? (a) It is owned by the developer. (b) All owners own it in joint tenancy (c) The owner of each individual unit. (d) All tenants own it as tenants in common. - All tenants own it as tenants in common A copy of the Closing Disclosure should go to: (a) Seller and broker (b) Buyer and broker (c) Buyer and seller (d) Buyer, seller and broker(s) - Buyer, seller and broker(s) A timeshare development compa...

Utah Law Real Estate Exam Questions and Answers (A+ Graded Already

What is the basic role of corrections? FND 1030.106/Intro to criminal justice system - ANSWER It is to execute the sentence of the judiciary on the federal, state, and local level. Level of proof required in civil liability cases is.........? Law 1050.102/Liability of Peace Officers - ANSWER preponderance of evidence Elements of negligence for civil liability Law 1050.102/Liability of Peace Officers - ANSWER Burden of Proof rests with the plaintiff in a negligence action against a...

UTAH SFO COMPLETE FINAL EXAM 2023 1. When should you get a written statement (4 reasons): -Reluctant -Key witness -Will not be able to testify -May change statement in court 2. Brown V. Mississippi 1936: Use of force in obtaining a confession will make the confession inadmissible in court 3. 4 behavioral signs of addiction: Neglecting responsibilities -Unexplained reasons for money -Engaging in suspicious behavior -Taking unnecessary risks 4. Legal Search Items: -Weapons -Fruits of cr...

Escrow Sample Test – Utah| 100 QUESTIONS| WITH COMPLETE SOLUTIONS. An Escow is an arrangement that: (Select all that apply) (A) holds documents (B) holds funds (C) creates documents to affect a transfer of interest in a property (D) acts as an attorney (E) is responsible for guaranteeing funds correct answer: (A) holds documents (B) holds funds (C) creates documents to affect a transfer of interest in a property (E) is responsible for guaranteeing funds When is it necessary to have...

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 of the guarantee before the property is listed The statuto...

The executive director of the department of commerce is appointed by - collect answer-the Governor The real estate commission has authority in all of the following areas - collect answer-1. establish licensing fees 2. advise the director 3. consult with the director The distinguishing feature between the Division of Real Estate and the Association of Realtors is - collect answer-the Division is a government regulatory body whereas the association is a trade group If a corporation ap...

Utah Law Final Exam (Stringham) [100% PASS] /verified/ 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. *Ans* Provide complete written details o...

A licensee has ________ _______ to notify the division in a signed statement of a felony, misdemeanors involving moral turpitude ---- this is not a DUI - 10 Business days A ___________ involving fraud, misrepresentation, theft, or dishonesty that resulted in a convistion or incarceration with in __________ years preceding the date of the application warrants an __________ denial of licensure. - Misadaminor, 3 Years, Attomatic 1 of the 9 supporting services situation/people who do not need a...

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...