Real estate utah - Study guides, Class notes & Summaries

ADJUSTABLE RATE MORTGAGE (ARM) - A loan where the interest rate is periodically adjusted based on a specific economic indicator (or financial index). ACCELERATION CLAUSE - Allows a loan to become due and payable immediately if certain requirements are not met, such as making payments, maintaining the physical condition of the property or paying property taxes and hazard insurance. ABROGATION - To nullify or replace. Signing of the closing documents nullifies the Real Estate Purchase Contra...

Real Estate Utah Law Exam With Verified Answers...

UTAH REAL ESTATE EXAM 2024/ACTUAL EXAM WITH FULL COMPLETE SOLUTIONS/ALREADY GRADED A+ The amount of personal money a Principal Broker may keep in a UT Real Estate Trust account is - $500 The legal process whereby a tenant can be physically removed from the leased premises is know as - Actual Eviction

Utah real estate Exam Questions With 100% Verified Answers. 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 - answerb. 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? - answerb. 90 days Where must a sales agent have his license dis...

Utah Real Estate Exam Study Guide | 355 Questions with 100% Correct Answers | Verified | Latest Update 2024

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...

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...

How many hours of continuing education certified as CORE must be completed per renewal period? - 9 How many TOTAL hours of continuing education must be completed per renewal period? - 18 What evidence is part of the requirement of character in Utah's qualification for licensure? - Evidence of Honesty What type of real estate license is not available in Utah? - Buyer's Agent Would advertising a friend's home and charging them for the service require an active license? - Yes In Utah, how...

Utah portion of the Real Estate exam Questions and Answers Rated A+ With regard to assignability, Utah's REPC states what? no assignment without prior written consent of the seller A Closing Disclosure is a five-page form that provides final details regarding what? The buyer's real estate transaction. Where is a new loan amount to be acquired by the buyer indicated on a Utah REPC? page 1 On the REPC, where does the sales price being offered by the buyer appear? page 1 A real ...

Utah Real Estate Exam Questions and Answers 2024