Utah sales law - Study guides, Class notes & Summaries
Looking for the best study guides, study notes and summaries about Utah sales law? On this page you'll find 100 study documents about Utah sales law.
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Utah Law Exam (Stringham) Questions and Answers Already Graded A
- Exam (elaborations) • 79 pages • 2024
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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...
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Escrow Sample Test Questions and Answers 100% Solved correctly
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An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates documents to affect a 
transfer of interest in property, d) is responsible for guaranteeing funds. - Answer-A, B, C, E 
When is it necessary to have closing documents recorded prior to disbursement of escrow funds? a) it is 
not necessary, b) in almost all situations, c) when instructed by one of the parties to the escrow, d) only 
when the written instructions require recording. - Answer-B 
Usury Law is defines as:...
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Escrow Sample Test 100% Correct Solved
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Escrow Sample Test 100% Correct Solved 
An escrow is an arrangement that: a) Holds documents, b) Holds funds, c) Creates 
documents to affect a transfer of interest in property, d) is responsible for guaranteeing 
funds. - Correct Answer ️️ -A, B, C, E 
When is it necessary to have closing documents recorded prior to disbursement of 
escrow funds? a) it is not necessary, b) in almost all situations, c) when instructed by 
one of the parties to the escrow, d) only when the written instruction...
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Utah Life Insurance Test Questions and Answers Already Passed
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Utah Life Insurance Test Questions and 
 
Answers Already Passed 
 
Minimum Age to receive a license 18 
 
Continuing Education Hours 24 Hours every 2 years (3 Hours must be in ethics) 
 
Insurer must respond to claimant communications within how many days? 15 days 
 
Commissioner Powers and duties include: Imposing penalties, including fines, suspensions, 
and revocations. 
All insurance forms (riders, policies, applications, endorsements, and contracts) must be filed 
and approved by the Commi...
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Utah Real Estate Exam 2023-2024 Correct Questions and Answers 100% Correct
- Exam (elaborations) • 15 pages • 2023
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Utah Real Estate Exam 2023-2024 Correct Questions and Answers 100% CorrectUtah Real Estate Exam 2023-2024 Correct Questions and Answers 100% CorrectUtah Real Estate Exam 2023-2024 Correct Questions and Answers 100% CorrectUtah Real Estate Exam 2023-2024 Correct Questions and Answers 100% Correct 
 
b. be afforded a hearing before the Utah Real Estate Commission - ANSWERSBefore a licensee's license may be suspended or revoked for prohibited discriminatory 
 practices, the licensee must:b. be af...
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Utah Real Estate Questions and Answers Already Passed
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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...
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Utah Real Estate General Sales Questions and Answers Already Passed
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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...
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Utah Real Estate Exam Prep
- Exam (elaborations) • 11 pages • 2023
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Trust accounts are designed for other people's money - Answer- True 
 
The Real Estate Trust Account can draw interest not to exceed..... - Answer- 0% 
 
According to Utah Law, the earnest money must be deposited within ---- business/banking/working days - Answer- 3 
 
In the real estate trust account, the broker can deposit no more than ------ of his or her own money - Answer- 500 
 
If brokers place more than the allowed amount of their own money in the trust account, they are guilty of commi...
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Utah portion of the Real Estate exam (Graded A+ actual test)
- Exam (elaborations) • 6 pages • 2024
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All of these items must have happened in order for settlement to have occurred according to the Utah 
REPC EXCEPT the following: - The proceeds of any new loan have been delivered by the lender to 
the seller or escrow/title office. 
Once you have completed all real estate pre-licensing classes and received a school certifying document, 
how long do you have in which to pass your licensing exam and apply for your real estate license? - 
one year 
A Closing Disclosure is a five-page form that pro...
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Utah Law Real Estate Questions and Answers 100% Pass
- Exam (elaborations) • 10 pages • 2024
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Utah Law Real Estate Questions and 
 
Answers 100% Pass 
 
who needs a real estate license? anyone who is compensated or paid for their services in 
helping someone lease property. 
 
licensing Exceptions Anyone acting for themselves for sale by owner 
 
Licensing Exceptions salaried employees can sell, lease and manage property for their 
employers. 
 
Exempt from needing a real estate license resident property managers, as long as their pay is 
in the form of free or reduced rent on the unit t...
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