Utah Real Estate Exam Questions With 100% Verified Answers.
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Course
Utah Real Estate
Institution
Utah Real Estate
Utah Real Estate Exam Questions With
100% Verified Answers.
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 propert...
Utah Real Estate Exam Questions With
100% Verified Answers.
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. - answer✔d. 60 points for
property management while employed by the owner
If a principal broker dies, and it is a sole proprietorship, what should be done with the records of
the company?
(a) A receiver will be appointed by the Division to handle the records.
(b) The administrator of the broker's estate must keep the records.
(c) The Division should be notified as to where the records will be stored.
(d) They must be transferred to the Division. - answer✔c. The Division should be notified as to
where the records will be stored.
The term for Utah's water law, which determines who gets to have rights to use and distribution
of water, is:
(a) Beneficial use
(b) Prior appropriation
(c) Riparian rights
(d) Littoral rights - answer✔(b) Prior appropriation
The Marketable Record Title Act:
(a) protects buyers of lots in subdivisions.
(b) has been in effect since 1901.
(c) simplifies clearing title.
(d) is assigned to clear an undisturbed title. - answer✔(c) simplifies clearing title.
Where are the water right records stored?
(a) County Recorder's Office
(b) Water Commissioner's Office
(c) Real Estate Division
(d) State Engineer's Office - answer✔(d) State Engineer's Office
Under the Division Rules, which of the following is NOT correct?
(a) Net listings shall not be taken by a licensee.
(b) A principal broker cannot keep part of the earnest money unless both parties agree.
(c) Licensees shall keep their broker informed regarding their transactions.
(d) When requested by the client, the agent must give them copies of documents from both sides
of the
transaction. - answer✔(d) When requested by the client, the agent must give them copies of
documents from both sides of the
transaction.
If the owner and principal broker of Jones Real Estate Co. decides to open a separate property
management company, which does NOT apply?
(a) The broker can manage both companies.
(b) The name can be different from the real estate company.
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