Utah real estate exam questions and
answers23
b. be afforded a hearing before the Utah Real Estate Commission - 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
b. 90 days - ANSWERS-After being notified of passing the license exam, an applicant has how
many days to
pay the appropriate license fee?
c. Prominently displayed on the wall at his principal brokers office - ANSWERS-Where must a
sales agent have his license displayed?
obtains his license - ANSWERS-A sales agent applicant may solicit listings and negotiate with
prospects when he:
b. five members - ANSWERS-The Real Estate Commission has:
d. plumbing repair bills for a property on which the broker has a management contract -
ANSWERS-Which of the following would be a proper disbursement from a broker's trust
account?
d. must operate under the same name as the main office under an associate broker - ANSWERS-
A branch office:
,c. within four banking days - ANSWERS-Funds received by a broker as earnest money must be
deposited in the trust account:
b. Utah - ANSWERS-A broker licensed in Utah as a nonresident principal broker must maintain a
principle
business location in:
c. act as an agent for the broker his or her license is on file with - ANSWERS-Provided that he or
she has an active license, a sales agent may:
a. rules of the Commission
b. Utah state statutes
c. the law of agency
answer d. None of the above - ANSWERS-A real estate principal broker is prohibited from
purchasing real estate on his own
behalf by
a. promulgating rules relating to the conduct of real estate brokers and sales agents
b. establishing license fees for real estate licensees
c. investigating complaints
d. all of the above - ANSWERS-Duties of the Real Estate Commission include:
a. give the buyer and the seller written notice that he or she is an agent for the seller -
ANSWERS-A real estate licensee who is an agent for the seller must:
a. An auctioneer auctioning real estate - ANSWERS-Which of the following would be required to
have a real estate principal broker
present?
, a. civil penalty of up to $500
b. criminal fine of up to $1,000
c. lawsuit for civil damages
d. all of the above - ANSWERS-In the case of a violation of the license law by a licensee, the
licensee may be subject
to a
b. for three years following the year in which closing occurred - ANSWERS-A real estate principal
broker must maintain a copy of closing statements:
b. The sales agent's principal broker - ANSWERS-A sales agent who has both negotiated the
listing and found the buyer for the property may bring a lawsuit against which of the following
for the commission if the commission is not paid as agreed in the listing?
a. January 1 - ANSWERS-The lien for real property taxes attaches as of:
90 Days after the material is supplied - ANSWERS-To claim a mechanic's lien for materials
supplied, a supplier must file a notice of the lien in the public record within?
d. Location of the home on the lot - ANSWERS-Which of the following would not be shown on a
subdivision plat?
a. master plan - ANSWERS-A long-range guide for the development of a community is called a:
b. The Act does apply to the disposition of timeshare interests in an existing
condominium - ANSWERS-Which of the following statements regarding the Utah Uniform Land
Sales Practices Act is NOT true?
answers23
b. be afforded a hearing before the Utah Real Estate Commission - 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
b. 90 days - ANSWERS-After being notified of passing the license exam, an applicant has how
many days to
pay the appropriate license fee?
c. Prominently displayed on the wall at his principal brokers office - ANSWERS-Where must a
sales agent have his license displayed?
obtains his license - ANSWERS-A sales agent applicant may solicit listings and negotiate with
prospects when he:
b. five members - ANSWERS-The Real Estate Commission has:
d. plumbing repair bills for a property on which the broker has a management contract -
ANSWERS-Which of the following would be a proper disbursement from a broker's trust
account?
d. must operate under the same name as the main office under an associate broker - ANSWERS-
A branch office:
,c. within four banking days - ANSWERS-Funds received by a broker as earnest money must be
deposited in the trust account:
b. Utah - ANSWERS-A broker licensed in Utah as a nonresident principal broker must maintain a
principle
business location in:
c. act as an agent for the broker his or her license is on file with - ANSWERS-Provided that he or
she has an active license, a sales agent may:
a. rules of the Commission
b. Utah state statutes
c. the law of agency
answer d. None of the above - ANSWERS-A real estate principal broker is prohibited from
purchasing real estate on his own
behalf by
a. promulgating rules relating to the conduct of real estate brokers and sales agents
b. establishing license fees for real estate licensees
c. investigating complaints
d. all of the above - ANSWERS-Duties of the Real Estate Commission include:
a. give the buyer and the seller written notice that he or she is an agent for the seller -
ANSWERS-A real estate licensee who is an agent for the seller must:
a. An auctioneer auctioning real estate - ANSWERS-Which of the following would be required to
have a real estate principal broker
present?
, a. civil penalty of up to $500
b. criminal fine of up to $1,000
c. lawsuit for civil damages
d. all of the above - ANSWERS-In the case of a violation of the license law by a licensee, the
licensee may be subject
to a
b. for three years following the year in which closing occurred - ANSWERS-A real estate principal
broker must maintain a copy of closing statements:
b. The sales agent's principal broker - ANSWERS-A sales agent who has both negotiated the
listing and found the buyer for the property may bring a lawsuit against which of the following
for the commission if the commission is not paid as agreed in the listing?
a. January 1 - ANSWERS-The lien for real property taxes attaches as of:
90 Days after the material is supplied - ANSWERS-To claim a mechanic's lien for materials
supplied, a supplier must file a notice of the lien in the public record within?
d. Location of the home on the lot - ANSWERS-Which of the following would not be shown on a
subdivision plat?
a. master plan - ANSWERS-A long-range guide for the development of a community is called a:
b. The Act does apply to the disposition of timeshare interests in an existing
condominium - ANSWERS-Which of the following statements regarding the Utah Uniform Land
Sales Practices Act is NOT true?
