2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Real Estate Exam Utah Law Questions and
Correct Answers | Latest Update
Where should a broker keep sales agents' licenses?
✓ -:- Broker's file
What happens to sales agents' licenses when the broker's license is revoked?
✓ -:- Their license is inactivated
How does the broker get back in the business if his/her license is revoked?
✓ -:- Must start over with sales agent license, after waiting five years
What is the main purpose of the continuing education?
✓ -:- To protect the public
What is a double contract as contrasted with double commission or dual agency?
✓ -:- When a second contract or our EPC is created to deceive a lender
Purpose of the first hundred thousand dollars in the recovery fund?
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!
✓ -:- To protect the public from dishonest licensees
How much equity could be projected for the head of the household, spouse and three
dependents?
✓ -:- $40,000
What is the main purpose of the Marketable Record Title Act?
✓ -:- Simplify and stabilize title searches
Who can have the 120 hours education requirement waived?
✓ -:- A member of the Utah Bar
Who does the governor point?
✓ -:- Commissioners
What does the Real Estate Commission NOT get involved with?
✓ -:- Disputes involving commission splits
2|P a g e | G r a d e A + | 2 0 2 0 2 5
Real Estate Exam Utah Law Questions and
Correct Answers | Latest Update
Where should a broker keep sales agents' licenses?
✓ -:- Broker's file
What happens to sales agents' licenses when the broker's license is revoked?
✓ -:- Their license is inactivated
How does the broker get back in the business if his/her license is revoked?
✓ -:- Must start over with sales agent license, after waiting five years
What is the main purpose of the continuing education?
✓ -:- To protect the public
What is a double contract as contrasted with double commission or dual agency?
✓ -:- When a second contract or our EPC is created to deceive a lender
Purpose of the first hundred thousand dollars in the recovery fund?
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!
✓ -:- To protect the public from dishonest licensees
How much equity could be projected for the head of the household, spouse and three
dependents?
✓ -:- $40,000
What is the main purpose of the Marketable Record Title Act?
✓ -:- Simplify and stabilize title searches
Who can have the 120 hours education requirement waived?
✓ -:- A member of the Utah Bar
Who does the governor point?
✓ -:- Commissioners
What does the Real Estate Commission NOT get involved with?
✓ -:- Disputes involving commission splits
2|P a g e | G r a d e A + | 2 0 2 0 2 5
