UTAH Real Estate Practice Exam Questions & Answers.
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Course
UTAH.
Institution
UTAH.
UTAH Real Estate Practice Exam Questions & Answers.
When working for an owner, the broker takes on the role of a ___________________? - CORRECT ANSWER Fiduciary
What are real estate licensees required to do when selling their own property? - CORRECT ANSWER Disclose to buyers and sellers tha...
UTAH Real Estate Practice Exam
Questions & Answers.
When working for an owner, the broker takes on the role of a ___________________? - CORRECT
ANSWER Fiduciary
What are real estate licensees required to do when selling their own property? - CORRECT ANSWER
Disclose to buyers and sellers that they have a real estate license, regardless of if their license is active or
inactive.
If a real estate sales agent owns and wants to sell a parcel of land, but neither lists nor advertises it,
what must the sales agent do? - CORRECT ANSWER Disclose owner/agent
The seller's agent tells the buyer to offer less than the listed price. What relationship had the agent
created? - CORRECT ANSWER Agency by implication or undisclosed dual agency.
What must the agent disclose to the principal? - CORRECT ANSWER All material information about the
customer and the transaction.
What must the agent disclose to the customer? - CORRECT ANSWER All material information about the
property and the client's ability to perform in the transaction.
A broker in a listing agreement cannot "fire" an uncooperative client. Can a client fire an agent? -
CORRECT ANSWER When an agent is absent, the client can fire them on grounds of abandonment.
What duties does an agent owe a customer? - CORRECT ANSWER Treat them honestly, ethically, and
competently.
A limited agent becomes neutral in what regard? - CORRECT ANSWER Loyalty, confidentiality, and full
disclosure.
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