UTAH RE EXAM Questions With 100% Verified Answers.
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Course
Utah Real Estate
Institution
Utah Real Estate
UTAH RE EXAM Questions With 100%
Verified Answers.
Marissa, a new licensee, has some questions. Which of these questions can the Utah Association
of REALTORS help answer for her? - answerWhere can I go to find marketing data on my
area so i can advertise more effectively?
An old colleague of y...
UTAH RE EXAM Questions With 100%
Verified Answers.
Marissa, a new licensee, has some questions. Which of these questions can the Utah Association
of REALTORS help answer for her? - answer✔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 of investigation by the
Utah Department of Commerce. She has filed an appeal. If she wins, what could she be
awarded? - answer✔Travel expenses
Principal broker Dawn is getting ready for an audit. She made sure she has her license, the
licenses of everyone who works at her brokerage, all branch office items, trust account records,
transactional records, and business records. Did she forget anything? - answer✔Yes. She needs
to include all agency agreements.
Hannah is engaged in transactions that will help her rent out real estate. She also collects rent and
authorizes money for repairs to a property. Hannah is a ______. - answer✔Property manager
Rene is the listing agent for Callie, who is selling her Utah home. Which of the following is
information she shouldn't disclose to potential buyers without Callie's permission? -
answer✔Callie has already bought another home and can't afford two mortgages for more than
five months.
Sarah was called to military duty during her two-year sales agent renewal term. She returned
home a month or two before her license renewal period was up. Which of these statements is
true?
REALTOR® - answer✔Sarah may qualify for a CE credit from the division for serving during
her renewal period.
Gerald was granted a license conditionally, pending his background check, but has just been
notified that it may be revoked. What might he have done that warrants this action? -
answer✔Failed to disclose a criminal conviction
The executive director of the Utah Department of Commerce has reviewed Anthony's hearing
decision and made a written request to reconsider the commission's hearing decision. What can
Anthony expect the director's order to contain? - answer✔Issues review
Jayna has been showing her friend Wallace houses for almost a month. Finally, Wallace says,
"let's do this!" and the two of them sign a buyer agency agreement. Which of the following best
describes this action? - answer✔Jayna and Wallace now have an agency agreement
Which of the following could be described as a branch office? - answer✔Life's Better at Home
Realty's location under associate broker Marvin
If the Utah Division of Real Estate determines that a complaint has merit, what's the next step in
the process? - answer✔Schedule a hearing
Your friend Magnus called you with great news: As of today, he's a sales agent! He's eager to get
to work. Which of the following statements about this phase of his career is true? - answer✔He
must be affiliated with a principal broker
Mark has been openly using a property without the owner's permission for the last 30 years.
What else must he do to meet the adverse possession requirements? - answer✔Have a reasonable
belief in his right to possess the property
Licensee Morgan has looked on the Utah Division of Real estate's website, but he can't find the
form he needs for a very specific kind of real estate transaction. Which of these actions should he
take? - answer✔He can ask the legal team that his brokerage uses to draft the form for him
Which of the following statements will you NOT see in the instructions for a title insurance
agency? - answer✔"Amount of the loan to be assumed is $315,500."
Licensee Collette deposits an earnest money check for $10,000 in an escrow account. That
Saturday, she's doing some online shopping and is ready to check out when she remembers that
her credit card has a temporary stop payment on it. She uses the escrow account, knowing that
she'll be able to replace the funds on Monday. Has Collette done anything wrong? -
answer✔Yes, because this is called conversion and it's illegal
Amanda helps her neighbor sell his home by assisting with negotiations. Her neighbor gives her
$1,000 as a thank you. Based on this one transaction, Amanda ______. - answer✔Must have at
least a Utah sales agent's license
Earnest money is part of a larger category of moneys called_____. - answer✔Trust accounts
Which of the following duties does the agent owe the buyer under the terms of a buyer
representation agreement? - answer✔Locating and showing properties
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