Utah sales law exam - Study guides, Class notes & Summaries

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...

Sales Utah Law Exam Questions And Answers.

b. be afforded a hearing before the Utah Real Estate Commission - Answer- 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 b. 90 days - Answer- After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? c. Prominently displayed on the wall at his principal brokers office - Answer- Where must a sale...

Escrow Sample Test Exam Questions With Verified Answers 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. - answerA, 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 instructio...

Utah Law Exam (Stringham) Question and Answer 100% Correct 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...

Escrow Sample Test Exam Questions With Verified Answers 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. - answerA, 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 instructio...

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...

Escrow Sample Test Exam Questions With Verified Answers 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. - answerA, 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 instructio...

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 as contrasted with double commission or dual agency?...

Utah Law Exam (Stringham) Q & A