UTAH law Final Exam Study Guide Test.
B, who works for helpubuy firm, has signed a contract to represent S's interest in the purchase of a condo listed by J from Sunshine Properties. Section 5 of the REPC, confirmation, would be filled out as follow: - CORRECT ANSWER listing agent, J, reps the ...
UTAH law Final Exam Study Guide Test.
B, who works for helpubuy firm, has signed a contract to represent S's interest in the purchase of a
condo listed by J from Sunshine Properties. Section 5 of the REPC, confirmation, would be filled out as
follow: - CORRECT ANSWER listing agent, J, reps the seller
listing broker, sunshine prop, reps the seller
Selling agent, b, reps the buyer,
Selling Broker, Helpubuy, represents the buyer
When leased premises reach a physical condition such that the tenant is unable to occupy them for the
purpose intended, the situation is legally recognized as(n) - CORRECT ANSWER constructive eviction
if a person who is required to hold a UT REL is convicted of violate the REL & practices act, in addition to
being fine or sanctioned by the ut divsion of real estate, they are also guilty of what? - CORRECT
ANSWER A class A misdeamor
the amount of personal money a principal broker may keep in a utah real estate trust account is -
CORRECT ANSWER up to 500
when purchasing a timeshare in utah, the purchaser must recieve - CORRECT ANSWER written
statement of full disclosure of information regarding the project and the purchaser's rights and
obligations
all of the following will terminate a listing contract
except for - CORRECT ANSWER death of owner, buyer or broker
death of agent does not terminate contract
You suddenly discover your real estate license expired 13 months ago, what should you do intend to
continue selling real estate - CORRECT ANSWER STOP all real estate activity until you can retake all
prelicensing hours of real estate classes as if you're a new agent and repass your pass licensing exam
, which of the following would not terminate an executory repc? - CORRECT ANSWER an offer from a
third party
how are members of ut real estate commission selected? - CORRECT ANSWER appointed by governer
Ut division of real estate can commence a disciplinary action no later than - CORRECT ANSWER 10 years
after the violation occured
an offer is made and accepted subject to the buyers ability to achieve the indicated financing. The
financing and appraisal deadline is march 31st. the buyer recieves word from their lender that they
cannot qualify on april 4th. what happens now? - CORRECT ANSWER buyer has already agreed to forfeit
earnest money and the seller has already agreed to accept this amount as liquidated damages
legal process whereby a tenant can be physically removed from the leased premises is known as -
CORRECT ANSWER actual eviction
an applicant for a real estate license in utah must - CORRECT ANSWER 120 course work
show proof of passing both state (utah/general exam) within three months previous to applying for a
license
buyer signs an exclusive agency buyer agency contract with an agent. subsequently, the buyer purchases
a for-sale- by owner without using services of the agent. whats the agent recourse - CORRECT ANSWER
agents only recourse is to ask the broker to sue the buyer for breaching their written agreement for the
exclusive services of the agent.
who must issue a loan estimate form? - CORRECT ANSWER lending institution or loan officer
once you have completed all real estate pre-lic classes and receive the certifying document, how long do
you have in which to pass your licensing exam and apply for your real estate license? - CORRECT
ANSWER 1 year
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