Stringham real estate - Study guides, Class notes & Summaries

A broker found a ready willing and able buyer to purchase seller bonds house at the listing terms before agreeing to the sale seller bond introduced a new restriction stating that the sale could only be completed if the buyer agreed not to build a tennis court on the property the buyer refused and withdrew from the negotiations is the broker entitled to a commission a. no, because seller bond never accepted the buyers first offer b. yes, because the seller can change the terms in a listing ...

UTAH STRINGHAM REAL ESTATE QUESTIONS & ANSWERS (2023/2024)(VERIFIED ANSWERS)

Trust accounts are designed for correct answers other people's money. The Real Estate Trust Account can draw interest not to exceed ____% correct answers 0 According to Utah Law, the earnest money must be deposited within _______ business/banking/working days. correct answers 3 In the real estate trust account, the broker can deposit no more than $________ of his/her own money. correct answers 500 If brokers place more than the allowed amount of their own money in the trust account,...

A particular parcel was zoned residential, single family and was surrounded by others zoned the same. That parcel was rezoned commercial so a convenience store could be built. This is an example of: a) Legal non-conforming use b) Defeasible fee estate c) Spot Zoning d) Variance -:- c) Spot Zoning Z listed the property. When the buyers expressed interest in seeing it, Z disclosed they would have no representation and the buyers agreed in writing. When writing the offer, the buyers ...

Stringham Real Estate Test Review Exam Questions With 100% Verified Answers. What are real estate licensees required to do when selling a parcel of land but neither lists nor advertises it, what must the sales agent do? - answerDisclose to the buyers and sellers that they have a real estate license What must agents disclose to the principal - answerAll material information about the property and the clients ability to perform in the transaction. What duties does an agent owe a cleint - an...

Utah Stringham Real Estate Exam With Complete Solution...

at duties does an agent owe a cleint - Fiduciary duties (loyalty, obedience, confidentiality, full diclosure, accountings, and safe holding of property and reasonable care and diligence What must agents disclose to the principal - All material information about the property and the clients ability to perform in the transaction. What is given up in dual agency - Loyalty, confidentiality and full disclose that would break nutrality What are the steps of a neighborhood cycle - Growth 2. equil...

Utah Law Exam (Stringham) Questions With 100% Verified Answers. 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. - answerProvide complete written deta...

Sales General Exam (Stringham) Questions With 100% Verified Answers. Under the law of emblements, which of the following situations is true? (a) The seller deeds the property to the buyer but has rights to the crop. (b) The buyer gets the land, the seller gets the farm house. (c) The buyer gets everything, and after harvesting the crop, gets the profits from it. (d) Everything goes to the buyer and the seller has no further rights to anything on the property. - answerThe seller deeds the ...

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...