According to utah law - Study guides, Class notes & Summaries

GENERAL PARTNER - A partner who has full authority to make decisions, act for the partnership, and has full liability for the business dealings of the partnership. ACCELERATION CLAUSE - Allows a loan to become due and payable immediately if certain requirements are not met, such as making payments, maintaining the physical condition of the property or paying property taxes and hazard insurance. IMPOUND, RESERVE OR ESCROW ACCOUNT - A trust account established to set aside funds for future n...

Utah Real Estate Questions and Answers Already Passed 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 and 15 points from optional allowed activities. (d) 60 points for property management while employed by the owner. d. 60 points for proper...

Trust accounts are designed for other people's money - Answer- True The Real Estate Trust Account can draw interest not to exceed..... - Answer- 0% According to Utah Law, the earnest money must be deposited within ---- business/banking/working days - Answer- 3 In the real estate trust account, the broker can deposit no more than ------ of his or her own money - Answer- 500 If brokers place more than the allowed amount of their own money in the trust account, they are guilty of commi...

All of these items must have happened in order for settlement to have occurred according to the Utah REPC EXCEPT the following: - The proceeds of any new loan have been delivered by the lender to the seller or escrow/title office. Once you have completed all real estate pre-licensing classes and received a school certifying document, how long do you have in which to pass your licensing exam and apply for your real estate license? - one year A Closing Disclosure is a five-page form that pro...

USI Final Exam - Questions with Verified Answers The Ohio River Valley: What & Where Region of fertile land along the Ohio River The Ohio River Valley: Historical Significance The point of contention that sparked the French and Indian War. Both the French and British claimed it. They wanted the area because the rivers allowed for transportation. The Proclamation of 1763: What & Where Boundary that Britain established in the Appalachian Mountains, west of which white settlement was banned; also...

If an employer's Federal Payroll Tax liability is $1000 how may they pay taxes? (Ans- quarterly How many employees does it take for the Fair Labor Act to be applied? (Ans- 1 What accounting method records income when the service occurs and expense when they are incurred? (Ans- Accrual Method What do the General Conditions of a contract do? (Ans- Outline roles of the owner, architect, and engineer. You are purchasing an insurance policy with a monthly premium of $300. If you implement...

PSC 100 QUESTIONS AND ANSWERS GRADED A+ What is the nature of power in a federal system of government? Power is divided between a national government and regional (state) governments Which of the following is NOT primarily controlled by state governments? Interstate Commerce Sovereignty refers to: ultimate governing authority of a particular geographic area. According to lecture, what event highlighted the weaknesses of the national government under the Articles of Confederatio...

MPJE Utah Cram Study Guide with Complete Solutions What is a *Class A Pharmacy*? Think of it as a *Retail Pharmacy* What is a *Class B Pharmacy*? Think of it as an *Institutional Pharmacy* What is a *Class C Pharmacy*? Think of it as a *Manufacturing Pharmacy* What is a *Class D Pharmacy*? Think of it as a *Nonresident Pharmacy* AKA Out of State Pharmacy What is a *Class E Pharmacy*? Any other pharmacy that isn't a Class A-D Pharmacy What is a *Closed Door Pharmacy*? A p...

What is the definition of "Arrest" according to the UCA? - Answer- 77-7-1 "At the time of arrest, a prudent (acting with or showing care and thought for the future), objective person, in the position of the officer, taking into account his or her experience, knowledge and observations, would reasonably believe that a crime has been or is being committed" is the definition of what? - Answer- Probable Cause Where can you find the circumstances under which a peace officer may make an arre...

SFO Utah Post (CORE ) *What are some risk factors for Coronary Heart Disease? *Ans*-Elevated Blood Cholesterol Level -High Blood Pressure ***HDL= Good Cholesterol/ LDL= Bad Cholesterol*** -Cigarette Smoking -Diabetes -Family History -Sedentary Lifestyle -Obesity -Alcohol According to the Law Enforcement Wellness Association, what is the percentage of police officers that are addicted to alcohol? *Ans*25% Unacceptable behaviors that may be influenced by alcohol abuse: Absenteeism, C...