Utah real estate - Study guides, Class notes & Summaries

Utah Real Estate Exam 2024 Questions and Answers 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 managem...

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Utah Real Estate General Sales Questions and Answers Already Passed Bob the buyer has made an offer on Sam the seller's property. That offer has been accepted. Bob is working on finalizing his loan for the purchase as part of the contingencies of the agreement. What kind of agreement exists between Bob and Sam? (a) Executed (b) Sale pending (c) Executory (d) Voidable (c) Executory J carried back a 2nd mortgage when his home was sold. Now he needs some ready cash and is going t...

A real estate principal broker must maintain a copy of closing statements: - b. for three years following the year in which closing occurred An earnest money deposit received by a sales agent should be turned over to the: - c. the sales agent's principle broker Which of the following would be required to have a real estate principal broker present? - a. An auctioneer auctioning real estate A real estate principal broker is prohibited from purchasing real estate on his own behalf by - a. ...

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

Utah Real Estate Exam Questions and Answers 2024

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UTAH REAL ESTATE FINAL EXAM 2024/ ACTUAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS /A+ GRADE Dennis and Sarah are the listing agent and principal broker for a Utah transaction scheduled for settlement next week. Which closing document tells the title insurance company the commission amounts they'll each receive when the sale closes? a. Closing Disclosure b. Closing instructions c. Closing statement d. Loan Estimate - Closing instructions Leslie represents Mr. and Mrs. Connelly. Th...