Utah Real Estate Practice Test 1 Questions and Answers 100% Pass

Utah Real Estate Practice Test 1 Questions and Answers 100% Pass Before a licensee's license may be suspended or revoked for prohibited discriminatory practices, the licensee must be afforded a hearing before the: Equal Opportunities Commission of HUD Utah Real Estate Commission Utah Board of Realtors Division of Real Estate Utah Real Estate Commission (The disciplinary process involves a hearing before the Real Estate Commission. Other civil, and possibly criminal, action may result from violating the Federal Fair Housing Act, but that would not necessarily be related to disciplinary action to suspend or revoke the individual's real estate license) After being notified of passing the license exam, an applicant has how many days to pay the appropriate license fee? 30 days 90 days 180 days 365 days 90 days Where must a sales agent have his license displayed? On the wall of his residence In his wallet Prominently displayed on the wall at his principal brokers office None of the above In his wallet (An agent must carry their license with them but the broker can keep their license in a file or a drawer) A sales agent applicant may solicit listings and negotiate with prospects when he: Has filed an application for a license and paid his fee Applies for the exam Takes the exam Obtains his license Obtains his license Real Estate license are issued for a term of: One year Two years Three years Four years Two years The Real Estate Commission has: Four members Five members Six members Seven members 5 members (4 with license and 5 years of experience and 1 non licensed) Which of the following would be a proper disbursement from a broker's trust account? Advertising bills for the broker's office Gas bills for the broker's office Bond premium paid to bond a fiduciary agent who will be authorized to withdraw funds from the trust account Plumbing repair bills for a property on which the broker has a management contract Plumbing repair bills for a property on which the broker has a management contract (Money held in trust by an authorized property manager may be used to pay bills in connection with the property) A branch office: May be managed by a broker or a sales agent with at least one year of experience May operate under the same name as the main office or under a different registered name Can have a different name Must operate under the same name as the main office under an associate broker Must operate under the same name as the main office under an associate broker (An associate broker must manage a branch office) Funds received by a broker as earnest money must be deposited in the trust account: By the end of the first banking day after the funds are received Within one banking day after closing