Utah general sales Study guides, Class notes & Summaries

Utah Real Estate General Sales Questions and Answers Already Passed Bob the buyer has made an offer on Sam the seller's property. That offer has been accepted. Bob is working on finalizing his loan for the purchase as part of the contingencies of the agreement. What kind of agreement exists between Bob and Sam? (a) Executed (b) Sale pending (c) Executory (d) Voidable (c) Executory J carried back a 2nd mortgage when his home was sold. Now he needs some ready cash and is going t...

Utah Real Estate General Sales Exam Questions with Correct Answers

Utah Real Estate: Organization & Licensing pg. 3-1 Graded A+ 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. Branch Office Any remote operation of the main real estate office which will be in operation more than 12 months and must be registered with the Real Estate Division. Commissioners A member of a state regulatory Real estate commission, board, or division. Commissioners-at-lar...

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 ...

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 sales a...

Utah Real Estate General Sales With Solution...

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

1. Trust accounts are designed for other peoples money. - correct answer True 2. The Real Estate Trust Account can draw interest not to exceed ____% - correct answer 0 3. According to Utah Law, the earnest money must be deposited within _______ business/banking/working days. - correct answer 3 4. In the real estate trust account, the broker can dep...

according to Utah real esate rules and statutes, who would not need to have or be given a copy of a final contract? correct answers sales agent What condition does the property need to be in at time of possession? correct answers same condition as when offer was accepted least likely to file a mechanics lien? correct answers home owner most true concerning a due of sale clause? correct answers if a agent is unloved in a seller financing transaction, the agent should disclose the possibi...

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 ...