UTAH PORTION OF THE REAL ESTATE EXAM QUESTIONS AND 100% CORRECT ANSWERS|LATEST 2025/2026|GUARANTEED A+

UTAH PORTION OF THE REAL ESTATE

ANSWERS|LATEST 2025/2026|GUARANTEED


With regard to assignability, Utah's REPC states what? -
B B B B B B B B



B ANSWER no assignment without prior written consent of the seller
B B B B B B B B




A Closing Disclosure is a five-page form that provides final details regarding what? -
B B B B B B B B B B B B B



B ANSWER The buyer's real estate transaction.
B B B B




Where is a new loan amount to be acquired by the buyer indicated on a Utah REPC? -
B B B B B B B B B B B B B B B B B



B ANSWER page 1 B




On the REPC, where does the sales price being offered by the buyer appear? -
B B B B B B B B B B B B B B



B ANSWER page 1 B




A real estate agent wishes to hire other real estate agents to work with them in a team. What i
B B B B B B B B B B B B B B B B B B B



s required in order for them to do this? -
B B B B B B B B B



B ANSWER They must get their broker's permission.
B B B B B




A candidate for real estate licensing in Utah must apply for their license and place it on either
B B B B B B B B B B B B B B B B B B



active or inactive status within how many days of passing their real estate exam, assuming the
B B B B B B B B B B B B B B B



y are within the one-year requirement? - ANSWER
B B B B B B B 90 days. B




A hotel manager receives compensation from the hotel owner for managing the hotel propert
B B B B B B B B B B B B B



y. - ANSWER
B B This hotel manager is not required to have a real estate license.
B B B B B B B B B B B




A student in a real estate school applies to take their real estate exam before completing their
B B B B B B B B B B B B B B B B B



120 hours of schooling. As the date of their scheduled exam draws near, they have not yet pas
B B B B B B B B B B B B B B B B B



sed all their exams at the school with the required passing rate. They should: -
B B B B B B B B B B B B B B




1
Wicky

, ANSWER
B contact the testing center prior to 4 days before their test date to reschedule B B B B B B B B B B B B B B



without financial penalty. B B




When must the closing disclosure form be issued? -
B B B B B B B B



B ANSWER Three business days before the loan consummation.
B B B B B B




The Statute of Frauds refers to: -
B B B B B B



B ANSWER agreements concerning real estate must be in writing to be enforceable.
B B B B B B B B B B




The prime obligation of an agent to the principal is: - ANSWER
B B B B B B B B B B B loyalty.



In order to collect any funds from the Real Estate Education, Research, and Recovery Fund, the
B B B B B B B B B B B B B B B



B aggrieved person must first obtain: - ANSWER
B B B B B B a judgment from a court of jurisdiction.
B B B B B B




If engaged in real estate activities, all of the following are exempt from the real estate licensin
B B B B B B B B B B B B B B B B



g requirements EXCEPT -
B B B



B ANSWER a neighbor who assists in the sale of their neighbor's home for a small fee.
B B B B B B B B B B B B B B




A principal broker who regularly engages in property management on behalf of seven or more
B B B B B B B B B B B B B B



individual units shall establish at least one property management trust account that is: -
B B B B B B B B B B B B B B



B ANSWER separate of their other trust accounts. B B B B B




If a member of the public has been financially damaged by the actions of a real estate licensee
B B B B B B B B B B B B B B B B B B



in Utah and has applied for reimbursement to the Utah Division of Real Estate's Education, Res
B B B B B B B B B B B B B B B



earch, & Recovery Fund, how much money can they receive? -
B B B B B B B B B B



B ANSWER The full amount of their damage.
B B B B B




A salesperson serving the needs of a buyer with a signed buyer agency contract may be compe
B B B B B B B B B B B B B B B B



nsated for their services by: - ANSWER
B B B B B B the broker B




2
Wicky