Real Estate Exam Utah Law Questions With 100% Verified Answers.
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Course
Utah Real Estate
Institution
Utah Real Estate
Real Estate Exam Utah Law Questions With
100% Verified Answers.
Where should a broker keep sales agents' licenses? - answerBroker's file
What happens to sales agents' licenses when the broker's license is revoked? - answerTheir
license is inactivated
How does the broker get back in the busines...
Real Estate Exam Utah Law Questions With
100% Verified Answers.
Where should a broker keep sales agents' licenses? - answer✔Broker's file
What happens to sales agents' licenses when the broker's license is revoked? - answer✔Their
license is inactivated
How does the broker get back in the business if his/her license is revoked? - answer✔Must start
over with sales agent license, after waiting five years
What is the main purpose of the continuing education? - answer✔To protect the public
What is a double contract as contrasted with double commission or dual agency? -
answer✔When a second contract or our EPC is created to deceive a lender
Purpose of the first hundred thousand dollars in the recovery fund? - answer✔To protect the
public from dishonest licensees
How much equity could be projected for the head of the household, spouse and three
dependents? - answer✔$40,000
What is the main purpose of the Marketable Record Title Act? - answer✔Simplify and stabilize
title searches
Who can have the 120 hours education requirement waived? - answer✔A member of the Utah
Bar
Who does the governor point? - answer✔Commissioners
What does the Real Estate Commission NOT get involved with? - answer✔Disputes involving
commission splits
What does it take to have earnest money earn interest? - answer✔Separate account, written
approval of both parties as to who gets the interest
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