Utah contractor - Study guides, Class notes & Summaries

Utah Real Estate Exam Law Questions and Answers 100% Solved Where should a broker keep sales agents' licenses? Broker's file What happens to sales agents' licenses when the broker's license is revoked? Their license is inactivated How does the broker get back in the business if his/her license is revoked? Must start over with sales agent license, after waiting five years What is the main purpose of the continuing education? To protect the public What is a double contract ...

Utah General Contractor's Course - Business and Law Exam Questions With 100% Correct Answers | Verified | Updated 2024 Which business organization is regulated the least by the government? - answerSole Proprietorship In a general partnership, each partner is liable for the debt of the company up to the percentage of the company they own. - answerfalse What business organization provides the most financial protection for the owners? - answerCorporation Sole Proprietorships can issue an...

If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? - quarterly How many employees does it take for the Fair Labor Act to be applied? - 1 What accounting method records income when the service occurs and expense when they are incurred? - Accrual Method What do the General Conditions of a contract do? - Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy with a monthly premium of $300. If you implement a ...

Contractors Business/Law Exam Practice Questions and Answers If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? - Answer️️ -quarterly How many employees does it take for the Fair Labor Act to be applied? - Answer️️ -1 What accounting method records income when the service occurs and expense when they are incurred? - Answer️️ -Accrual Method What do the General Conditions of a contract do? - Answer️️ -Outline roles of the owner, architect, an...

Utah Real Estate: Real Estate Acts A pg. 4-1 Graded A+ Common Areas Land or improvements in a condominium development designated for the use and benefit of all residents, property owners, and tenants. Condominium Real property that consists of the air space of the unit and an undivided interest in the development's common area(s). Condominium Ownership Act Each unit owner owns their unit, together with an undivided interest in common area and facilities appurtenant to that unit. ...

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...

Utah General Contractor's Course - Business and Law Exam Prep Questions and Answers (100% Pass) Which business organization is regulated the least by the government? - Answer️️ -Sole Proprietorship In a general partnership, each partner is liable for the debt of the company up to the percentage of the company they own. - Answer️️ -false What business organization provides the most financial protection for the owners? - Answer️️ -Corporation Sole Proprietorships can issue and...

Utah Property-Property and Casualty Basics Exam Questions With 100% Verified Answers. Which of the following is a property policy with a provision agreed upon by the insurer and insured as to the amount of insurance that represents a fair valuation for the property at the time the insurance is written and suspends any coinsurance or other contribution clauses in the policy? a) Market value b) Agreed value c) Replacement cost d) Stated amount. - answerB With regard to fire insurance premiu...

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 ...