UTAH State Exam Practice Review Test.
Which of these is the last step of a formal adjudicatory hearing against Karina, a licensee?
Client Elias explains how her intentional misrepresentation caused him to pay more than the house was worth.
Karina's principal broker denies that Karina missp...
UTAH State Exam Practice Review Test.
Which of these is the last step of a formal adjudicatory hearing against Karina, a licensee?
Client Elias explains how her intentional misrepresentation caused him to pay more than the house was
worth.
Karina's principal broker denies that Karina misspoke to client Elias and cites the fact that she has many
satisfied clients.
The presiding officer announces that he used the legal definition of fraud in the order he's just issued.
The presiding officer reviews the written evidence that Karina and Elias brought with them. - CORRECT
ANSWER The presiding officer announces that he used the legal definition of fraud in the order he's just
issued.
The last step is when the presiding officer issues the order reflecting the finding of the facts and
conclusions of law, among other things.
Which of the following individuals is exempt from having a real estate license in Utah?
Lori is an attorney and a member of the state bar association. She's regularly required to perform real
estate activities as part of her duties.
Rebecca is an attorney and member of the state bar association. She focuses on real estate and property
law for her firm and supervises a real estate salesperson.
Sandy is helping an acquaintance with the homebuying process. He's going to pay Sandy 1% of the
property's sales price for her time and effort.
Stan is a property manager and collects rent on behalf of the owners of the eight properties he's
currently managing. - CORRECT ANSWER Lori is an attorney and a member of the state bar association.
She's regularly required to perform real estate activities as part of her duties.
Attorneys acting as brokers are exempt from licensure if they are practicing real estate as a part of their
regular duties as an attorney and not specifically as a real estate agent.
, Lori is a new licensee in Utah preparing to take the world by storm. Which of the following is a true
statement about her advertising?
Her broker's name must appear and be in a font at least half as large as Angie's name.
Her broker's name must appear and be larger than her own name.
Her broker's name must appear first.
She doesn't have to include the name of her broker. - CORRECT ANSWER Her broker's name must
appear and be in a font at least half as large as Angie's name.
The name of the licensee's affiliated broker must appear and be in a font at least half as large as that of
the licensee's name.
David spoke with his client, Gillian, on the phone, and learned that she was on her way over with an
earnest money check. David called the seller's agent to let her know that he had the earnest money.
When Gillian dropped off the check, his principal broker was at an open house, so he called her to let
her know he received it, and told her he'd lock it in the office safe. She texted him that she'd pick up the
check later and deposit it into the brokerage trust account. What did David do wrong?
He didn't deposit the funds himself.
He didn't immediately turn the funds over to his principal broker.
He didn't inform his broker in person that he'd received the check.
He said he had the funds when he really didn't. - CORRECT ANSWER He said he had the funds when he
really didn't.
It's illegal for licensees to say they've received funds when they haven't.
Brooke is a broker who wants to open a branch office 15 miles across town. Who will need to manage
this office?
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