Sales utah law - Study guides, Class notes & Summaries

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 Law Final Practice Exam Qs & As Solved 100% Correct!!

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...

Utah Sales Law exam (Real Estate) Questions & 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. - Answer-A, 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 instructions require recording. - Answer-B Usury Law is defines as:...

Escrow Sample Test 100% Correct Solved 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. - Correct Answer ️️ -A, 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 instruction...

Utah Life Insurance Test Questions and Answers Already Passed Minimum Age to receive a license 18 Continuing Education Hours 24 Hours every 2 years (3 Hours must be in ethics) Insurer must respond to claimant communications within how many days? 15 days Commissioner Powers and duties include: Imposing penalties, including fines, suspensions, and revocations. All insurance forms (riders, policies, applications, endorsements, and contracts) must be filed and approved by the Commi...

Utah Real Estate Questions and Answers Already Passed Which of the following options would NOT satisfy the points requirement for a broker applicant to get their license? (a) 60 points that come from selling properties. (b) A combination of 45 points from sales and 15 points from property management. (c) A combination of 45 points from real estate and 15 points from optional allowed activities. (d) 60 points for property management while employed by the owner. d. 60 points for proper...

Utah Real Estate Exam 2023-2024 Correct Questions and Answers 100% CorrectUtah Real Estate Exam 2023-2024 Correct Questions and Answers 100% CorrectUtah Real Estate Exam 2023-2024 Correct Questions and Answers 100% CorrectUtah Real Estate Exam 2023-2024 Correct Questions and Answers 100% Correct b. be afforded a hearing before the Utah Real Estate Commission - ANSWERSBefore a licensee's license may be suspended or revoked for prohibited discriminatory practices, the licensee must:b. be af...

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...