Real Estate Exam Utah Law Questions and Correct Answers | Latest Update

With regard to assignability, Utah's REPC states what? -:- no assignment without prior written consent of the seller A Closing Disclosure is a five-page form that provides final details regarding what? -:- The buyer's real estate transaction. Where is a new loan amount to be acquired by the ...

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...

Procuring Cause -:- is traceable by an uninterrupted series of casual events. A transaction broker agreement may have a clause to automatically extend the agreement -:- if a transaction is underway when the agreement expires. An agent contacted an owner to see if they might want to sell the pr...

Ad Valorem Tax -:- A tax levied according to the value of the property Alta or Lender's Policy -:- The lender's title insurance policy which offers coverage in the amount of the loan which includes a site visit to discover unrecorded encumbrances Assessed Value -:- A percentage of the ...

Marissa, a new licensee, has some questions. Which of these questions can the Utah Association of REALTORS help answer for her? -:- Where can I go to find marketing data on my area so i can advertise more effectively? An old colleague of yours, Patricia, is an appraiser. She was the subject o...

12 Hour New Agent Course -:- The continuing education course required by the Utah Division of Real Estate for a new licensee's initial renewal period. Branch Office -:- Any remote operation of the main real estate office which will be in operation more than 12 months and must be registered...

Affixed -:- Typically in reference to mineral, water, or surface rights, resources that go with the property are affixed. Annexation -:- The process of personal property becoming real property. With reference to subsurface rights, annexation is adding water or mineral rights to the proper...

Before a licensee's license may be suspended or revoked for prohibited discriminatory practices, the licensee must:b. be afforded a hearing before the Utah Real Estate Commission -:- b. be afforded a hearing before the Utah Real Estate Commission After being notified of passing the license e...