2024 /2025 | © copyright | This work may not be copied for profit gain Excel!
Utah Real Estate School - Brokerage
Agreements and Management Practice Exam
Questions and Correct Answers | Latest
Update
Procuring Cause
✓ -:- is traceable by an uninterrupted series of casual events.
A transaction broker agreement may have a clause to automatically extend the agreement
✓ -:- if a transaction is underway when the agreement expires.
An agent contacted an owner to see if they might want to sell the property. The agent said,
"I think I can get you $250,000," which surprised the owner. The owner said, "Ok, and
anything over that can be your commission." This is:
✓ -:- a net listing and could be grounds for discipl inary action against the
agent.
Which of the following risk management strategies involves the purchase of insurance?
✓ -:- Transference.
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!
Which of the below listed lease termination procedures is enacted only by the tenant, and
leaves the landlord with the option to terminate the lease or seek damages?
✓ -:- Abandonment of the premises.
What clause in a lease would you use to increase rent payments over time?
✓ -:- an escalator clause.
What are the three kinds of maintenance a manager has to carry out for a managed
property?
✓ -:- Routine, preventive, and corrective.
An example of consequential loss would be
✓ -:- Loss of income
A consequential loss occurs secondarily to the primary loss.
EX: a fire forces the business to close for repairs, thus costing the business a loss of income
until the business can reopen
2|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!
In order for a tenant to legally claim constructive eviction which of the following conditions
must apply?
✓ -:- The property becomes uninhabitable.
The Americans with Disabilities Act requires property managers to
✓ -:- ensure that disabled employees have the same level of access to
facilities that all employees have.
How does a constructive eviction occur?
✓ -:- A tenant declares a landlord in default and vacates the leased
premises.
A basic responsibility of a landlord is to
✓ -:- deliver a habitable property.
Trust funds to be handled by a property manager are likely to include all of the following
except
✓ -:- cash for the management firm's operating expenses.
3|P a g e | G r a d e A + | 2 0 2 0 2 5
Utah Real Estate School - Brokerage
Agreements and Management Practice Exam
Questions and Correct Answers | Latest
Update
Procuring Cause
✓ -:- is traceable by an uninterrupted series of casual events.
A transaction broker agreement may have a clause to automatically extend the agreement
✓ -:- if a transaction is underway when the agreement expires.
An agent contacted an owner to see if they might want to sell the property. The agent said,
"I think I can get you $250,000," which surprised the owner. The owner said, "Ok, and
anything over that can be your commission." This is:
✓ -:- a net listing and could be grounds for discipl inary action against the
agent.
Which of the following risk management strategies involves the purchase of insurance?
✓ -:- Transference.
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!
Which of the below listed lease termination procedures is enacted only by the tenant, and
leaves the landlord with the option to terminate the lease or seek damages?
✓ -:- Abandonment of the premises.
What clause in a lease would you use to increase rent payments over time?
✓ -:- an escalator clause.
What are the three kinds of maintenance a manager has to carry out for a managed
property?
✓ -:- Routine, preventive, and corrective.
An example of consequential loss would be
✓ -:- Loss of income
A consequential loss occurs secondarily to the primary loss.
EX: a fire forces the business to close for repairs, thus costing the business a loss of income
until the business can reopen
2|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!
In order for a tenant to legally claim constructive eviction which of the following conditions
must apply?
✓ -:- The property becomes uninhabitable.
The Americans with Disabilities Act requires property managers to
✓ -:- ensure that disabled employees have the same level of access to
facilities that all employees have.
How does a constructive eviction occur?
✓ -:- A tenant declares a landlord in default and vacates the leased
premises.
A basic responsibility of a landlord is to
✓ -:- deliver a habitable property.
Trust funds to be handled by a property manager are likely to include all of the following
except
✓ -:- cash for the management firm's operating expenses.
3|P a g e | G r a d e A + | 2 0 2 0 2 5
