UTAH STUDY EXAM QUESTIONS CORRECTLY ANSWERED.
The Director of the Division of Real
Estate was:
a. Appointed by the governor
b. Hired by the Real Estate
Commission
c. Appointed with the approval
of the legislature
d. Appointed by the Executive
Director of the Department of
Commerce - COR...
UTAH STUDY EXAM QUESTIONS
CORRECTLY ANSWERED.
The Director of the Division of Real
Estate was:
a. Appointed by the governor
b. Hired by the Real Estate
Commission
c. Appointed with the approval
of the legislature
d. Appointed by the Executive
Director of the Department of
Commerce - CORRECT ANSWER d.The Director is appointed by the
Executive Director of the Department of Commerce
The Director of the Division of Real
Estate will;
a. Prosecute licensees in
criminal court
b. Overrule the Real Estate
Commission in disciplinary
matters if the accused is a
licensee
c. Prepare the Division of Real
Estate budget
d. Hold his position for a single
4-year term - CORRECT ANSWER c. The director of the Division of Real
Estate prepares the annual budget in
,consultation with the Real Estate
Commission.
The Real Estate Commission shall not;
a. Make rules for the licensing
of principal brokers
b. Make rules for continuing
education requirements for
licensees
c. Make rules concerning
multiple listing service fees
d. Make rules setting standards
of practice for real estate
licensees - CORRECT ANSWER c.Multiple listing services are private
clubs. The Real Estate Commission
has no power or authority over their
fee structure
To be a member of the Real Estate
Commission you must meet all of the
following requirements except;
a. No more than one
commissioner shall be
appointed from any given
county
b. Be appointed by the
Governor and confirmed by
the senate
c. Serve no more than one
,consecutive four-year term
d. Be a principal broker,
associate broker, sales agent
or citizen at large - CORRECT ANSWER b Real Estate Commissioners are
appointed by the Governor and
Confirmed by the Legislature
Administrative hearings held to ensure
adherence to Division of Real Estate
licensing rules are conducted or
delegated by;
a. The Executive Director
b. The Director
c. The Real Estate Commission
d. The Governor - CORRECT ANSWER c. The Real Estate Commission holds
or delegates all disciplinary hearings.
They may delegate the task to an
administrative law judge who acts
under their direction.
The Education, Research and Recovery
Fund was created primarily to provide
a. An additional source of
revenue for the state
b. A safety net for consumers
harmed by real estate
licensee's actions
c. A benevolent fund for the
education of real estate
, agent's children
d. A fund to provide funding for
legal counsel to real estate
agents in matters of public
interest. - CORRECT ANSWER b. The Education, Research and
Recovery Fund was established to
provide the public with a last resort
means to recover losses caused by
real estate licensees. The fund does
allow use of excess moneys for
Education and Research
The Utah pioneers established water
rights using a different system than was
prevalent in the east it is the system of;
a. Riparian rights
b. Alluvion rights
c. Absolute rights
d. Prior appropriation - CORRECT ANSWER d. Water in Utah is appropriated based
on beneficial use. When an applicant
applies for water the State Engineer
checks to see if there is water that
has not been PRIOR
APPROPRIATED.
An application for water must show
a. A chain of ownership
b. The usage of all adjacent
neighbors
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller ROSEGRADES. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
