Utah real estate actual - Study guides, Class notes & Summaries

Utah Real Estate Exam 2024 Utah Real Estate Actual Exam Latest 2024 Questions and Correct Answers Rated A+

Which of the following statements is not true concerning security deposits? - The security deposit is landlord property until and unless it must be refunded. What are the three kinds of maintenance a manager has to carry out for a managed property? - Routine, preventive, and corrective. An agent contacted an owner to see if they might want to sell the property. The agent said, "I think I can get you $250,000," which surprised the owner. The owner said, "Ok, and anything over that can be ...

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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...

UTAH REAL ESTATE FINAL EXAM 2024/ ACTUAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS /A+ GRADE

Utah Stringham Real Estate Vocab Latest Version Rated A+ 3/1 ARM A loan with three years of the same rate then rate adjustments every year thereafter. 12 HOUR NEW AGENT COURSE The continuing education course required by the Utah Division of Real Estate for a new licensee's initial renewal period. 72-HOUR RIGHT OF RESCESSION All borrowers must receive this notice if the loan is a refinance loan. ABANDONMENT When a tenant leaves a property before the expiration of the lease agr...

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 2024/ACTUAL EXAM WITH FULL COMPLETE SOLUTIONS/ALREADY GRADED A+

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...

UTAH REAL ESTATE FINAL EXAM 2024/ ACTUAL EXAM QUESTIONS AND CORRECT VERIFIED ANSWERS /A+ GRADE