Real estate utah law - Study guides, Class notes & Summaries

Utah real estate Exam Questions With 100% Verified Answers. 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 - answerb. be afforded a hearing before the Utah Real Estate Commission After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? - answerb. 90 days Where must a sales agent have his license dis...

Utah Real Estate Exam Law Questions and Answers 100% Solved Where should a broker keep sales agents' licenses? Broker's file What happens to sales agents' licenses when the broker's license is revoked? Their license is inactivated How does the broker get back in the business if his/her license is revoked? Must start over with sales agent license, after waiting five years What is the main purpose of the continuing education? To protect the public What is a double contract ...

1. Trust accounts are designed for other peoples money. - correct answer True 2. The Real Estate Trust Account can draw interest not to exceed ____% - correct answer 0 3. According to Utah Law, the earnest money must be deposited within _______ business/banking/working days. - correct answer 3 4. In the real estate trust account, the broker can dep...

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 - Answer-b. be afforded a hearing before the Utah Real Estate Commission After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? - Answer-b. 90 days Where must a sales agent have his license displayed? - Answer-c. Prominently displayed on the wall at hi...

Utah Law Exam (Stringham) Questions and Answers Already Graded A A sales agent who offers a guarantee that if the listing does not sell within six months the agent will buy the listing, must also: (a) A licensee is convicted of a criminal offense. (b) Provide a bond to back the guarantee. (c) Provide complete written details of the guarantee before the property is listed. (d) Notify the Division of Real Estate in advance of the terms of the guarantee. Provide complete written details o...

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...

The Director of the Division of Real Estate was: a. Appointed by the governor b. Hired by the Real Estate Commission c. Appointed with the approval of the legislature d. Appointed by the Executive Director of the Department of Commerce - correct answer d.The Director is appointed by the Executive Director of the Department of Commerce The Director of the Division of Real Estate will; a. Prosecute licensees in criminal court b. Overrule the Re...

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 - Answer- b. be afforded a hearing before the Utah Real Estate Commission After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? - Answer- b. 90 days Where must a sales agent have his license displayed? - Answer- c. Prominently displayed on the w...

Utah Stringham Real Estate Exam Questions With 100% Verified Answers. 3/1 ARM - answerA loan with three years of the same rate then rate adjustments every year thereafter. 12 HOUR NEW AGENT COURSE - answerThe continuing education course required by the Utah Division of Real Estate for a new licensee's initial renewal period. 72-HOUR RIGHT OF RESCESSION - answerAll borrowers must receive this notice if the loan is a refinance loan. ABANDONMENT - answerWhen a tenant leaves a property befo...

Utah Real Estate Exam Guide Question with 100% Correct Answers |Graded A+| b. be afforded a hearing before the Utah Real Estate Commission *Ans* 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. 90 days *Ans* After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? c. Prominently displayed o...