Utah portion of the Real Estate exam
Questions and Correct Answers | Latest
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With regard to assignability, Utah's REPC states what?
✓ -:- no assignment without prior written consent of the seller
A Closing Disclosure is a five-page form that provides final details regarding what?
✓ -:- The buyer's real estate transaction.
Where is a new loan amount to be acquired by the buyer indicated on a Utah REPC?
✓ -:- page 1
On the REPC, where does the sales price being offered by the buyer appear?
✓ -:- page 1
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?
✓ -:- They must get their broker's permission.
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A candidate for real estate licensing in Utah must apply for their license and place it on
either active or inactive status within how many days of passing their real estate exam,
assuming they are within the one-year requirement?
✓ -:- 90 days.
A hotel manager receives compensation from the hotel owner for managing the hotel
property.
✓ -:- This hotel manager is not required to have a real estate license.
A student in a real estate school applies to take their real estate exam before completing
their 120 hours of schooling. As the date of their scheduled exam draws near, they have not
yet passed all their exams at the school with the required passing rate. They should:
✓ -:- contact the testing center prior to 4 days before their test date to
reschedule without financial penalty.
When must the closing disclosure form be issued?
✓ -:- Three business days before the loan consummation.
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