2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Utah real estate exam Questions and Correct
Answers | Latest Update
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. 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?
✓ -:- b. 90 days
Where must a sales agent have his license displayed?
✓ -:- c. Prominently displayed on the wall at his principal brokers office
A sales agent applicant may solicit listings and negotiate with prospects when he:
✓ -:- obtains his license
The Real Estate Commission has:
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,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- b. five members
Which of the following would be a proper disbursement from a broker's trust account?
✓ -:- d. plumbing repair bills for a property on which the broker has a
management contract
A branch office:
✓ -:- d. must operate under the same name as the main office under an
associate broker
Funds received by a broker as earnest money must be deposited in the trust account:
✓ -:- c. within four banking days
A broker licensed in Utah as a nonresident principal broker must maintain a principle
business location in:
✓ -:- b. Utah
Provided that he or she has an active license, a sales agent may:
2|P a g e | G r a d e A + | 2 0 2 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- c. act as an agent for the broker his or her license is on file with
A real estate principal broker is prohibited from purchasing real estate on his own
behalf by
✓ -:- a. rules of the Commission
b. Utah state statutes
c. the law of agency
answer d. None of the above
Duties of the Real Estate Commission include:
✓ -:- 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
A real estate licensee who is an agent for the seller must:
3|P a g e | G r a d e A + | 2 0 2 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- a. give the buyer and the seller written notice that he or she is an
agent for the seller
Which of the following would be required to have a real estate principal broker
present?
✓ -:- a. An auctioneer auctioning real estate
In the case of a violation of the license law by a licensee, the licensee may be subject
to a
✓ -:- 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
A real estate principal broker must maintain a copy of closing statements:
✓ -:- b. for three years following the year in which closing occurred
4|P a g e | G r a d e A + | 2 0 2 0 2 5
Utah real estate exam Questions and Correct
Answers | Latest Update
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. 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?
✓ -:- b. 90 days
Where must a sales agent have his license displayed?
✓ -:- c. Prominently displayed on the wall at his principal brokers office
A sales agent applicant may solicit listings and negotiate with prospects when he:
✓ -:- obtains his license
The Real Estate Commission has:
1|P a g e | G r a d e A + | 2 0 2 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- b. five members
Which of the following would be a proper disbursement from a broker's trust account?
✓ -:- d. plumbing repair bills for a property on which the broker has a
management contract
A branch office:
✓ -:- d. must operate under the same name as the main office under an
associate broker
Funds received by a broker as earnest money must be deposited in the trust account:
✓ -:- c. within four banking days
A broker licensed in Utah as a nonresident principal broker must maintain a principle
business location in:
✓ -:- b. Utah
Provided that he or she has an active license, a sales agent may:
2|P a g e | G r a d e A + | 2 0 2 0 2 5
,2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- c. act as an agent for the broker his or her license is on file with
A real estate principal broker is prohibited from purchasing real estate on his own
behalf by
✓ -:- a. rules of the Commission
b. Utah state statutes
c. the law of agency
answer d. None of the above
Duties of the Real Estate Commission include:
✓ -:- 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
A real estate licensee who is an agent for the seller must:
3|P a g e | G r a d e A + | 2 0 2 0 2 5
, 2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
✓ -:- a. give the buyer and the seller written notice that he or she is an
agent for the seller
Which of the following would be required to have a real estate principal broker
present?
✓ -:- a. An auctioneer auctioning real estate
In the case of a violation of the license law by a licensee, the licensee may be subject
to a
✓ -:- 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
A real estate principal broker must maintain a copy of closing statements:
✓ -:- b. for three years following the year in which closing occurred
4|P a g e | G r a d e A + | 2 0 2 0 2 5
