ESCROW SAMPLE TEST – UTAH
PRACTICE TEST QUESTIONS AND
ANSWERS 2026 UPDATED VERSION
VERIFIED A+
◉ A closing disclosure form discloses all of the following EXCEPT:
Answer: The amount of commission the real estate licensee will receive
from their broker.
◉ A Closing Disclosure is a five-page form that provides final details
regarding what?
Answer: The buyer's real estate transaction.
◉ A hotel manager receives compensation from the hotel owner for
managing the hotel property.
Answer: This hotel manager is not required to have a real estate license.
◉ A Principal Broker desires to have both a real estate sales office and a
separate property management company. Which of the following is true
in Utah?
Answer: This is possible if the sales agents do sales only and the
property management agents do only property management.
◉ A principal broker who regularly engages in property management on
behalf of seven or more individual units shall establish at least one
property management trust account that is:
, Answer: separate of their other trust accounts.
◉ A real estate agent currently licensed in the following states will be
granted a Utah real estate license without the requirement of additional
education:
Answer: Georgia, Mississippi, and the province of Alberta, Canada.
◉ A real estate agent wishes to hire other real estate agents to work with
them in a team. What is required in order for them to do this?
Answer: They must get their broker's permission.
◉ A real estate agent wishes to hire other real estate agents to work with
them in a team. What is required in order for them to do this?
Answer: They must get their broker's permission.
◉ A real estate broker learns that a neighbor wishes to sell her home.
The broker knows the property well and is able to persuade a buyer to
make an offer on the property. The broker then asks the neighbor if the
broker can present an offer from a prospective purchaser and the
neighbor agrees to hear the offer. At this point, which of the following is
true?
Answer: The neighbor is not obligated to pay the broker any
commission.
PRACTICE TEST QUESTIONS AND
ANSWERS 2026 UPDATED VERSION
VERIFIED A+
◉ A closing disclosure form discloses all of the following EXCEPT:
Answer: The amount of commission the real estate licensee will receive
from their broker.
◉ A Closing Disclosure is a five-page form that provides final details
regarding what?
Answer: The buyer's real estate transaction.
◉ A hotel manager receives compensation from the hotel owner for
managing the hotel property.
Answer: This hotel manager is not required to have a real estate license.
◉ A Principal Broker desires to have both a real estate sales office and a
separate property management company. Which of the following is true
in Utah?
Answer: This is possible if the sales agents do sales only and the
property management agents do only property management.
◉ A principal broker who regularly engages in property management on
behalf of seven or more individual units shall establish at least one
property management trust account that is:
, Answer: separate of their other trust accounts.
◉ A real estate agent currently licensed in the following states will be
granted a Utah real estate license without the requirement of additional
education:
Answer: Georgia, Mississippi, and the province of Alberta, Canada.
◉ A real estate agent wishes to hire other real estate agents to work with
them in a team. What is required in order for them to do this?
Answer: They must get their broker's permission.
◉ A real estate agent wishes to hire other real estate agents to work with
them in a team. What is required in order for them to do this?
Answer: They must get their broker's permission.
◉ A real estate broker learns that a neighbor wishes to sell her home.
The broker knows the property well and is able to persuade a buyer to
make an offer on the property. The broker then asks the neighbor if the
broker can present an offer from a prospective purchaser and the
neighbor agrees to hear the offer. At this point, which of the following is
true?
Answer: The neighbor is not obligated to pay the broker any
commission.
