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Exam (elaborations)

UTAH Real Estate Exam Prep (State Specific Portion)Questions & Answers 100% Solved!!

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Shonda is a Utah Licensee who oversees a brokerage firm and other licensees. What is Shonda's role? - ANSWERSPrincipal Broker A seller is refusing to pay his agent's commission, under Utah law who is allowed to sue for the commission? - ANSWERSThe agent's principal broker Carmela is a real estate licensee in Utah, she has three other licensees working under her supervision. What type of license does Carmela hold? - ANSWERSPrincipal Broker Only principal brokers have the authority to supervise other licensees During the last 12 months, Utah licensee Joe closed eight transactions involving single family dwellings and one duplex. How many experience points is this? - ANSWERS25 points One unit residential dwellings earn 2.5 points and two-four unit residential dwellings earn 5 points Utah has reciprocal licensure agreements with what states and provinces? - ANSWERSGeorgia, Mississippi and Alberta, Canada What activities are required to be reported to the division? - ANSWERSLegal change of name If there is a change in branch managers/associate brokers What responsibilities are a PUD property manager in charge of? - ANSWERSManaging maintenance, landscaping, security issues/concerns and enforcing regulations What is required of property management agreements? - ANSWERSThey should incl

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Institution
UTAH Real Estate
Course
UTAH Real Estate

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Uploaded on
December 7, 2024
Number of pages
3
Written in
2024/2025
Type
Exam (elaborations)
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UTAH Real Estate Exam Prep (State
Specific Portion)Questions & Answers
100% Solved!!
Shonda is a Utah Licensee who oversees a brokerage firm and other licensees. What is
Shonda's role? - ANSWERSPrincipal Broker

A seller is refusing to pay his agent's commission, under Utah law who is allowed to sue
for the commission? - ANSWERSThe agent's principal broker

Carmela is a real estate licensee in Utah, she has three other licensees working under
her supervision. What type of license does Carmela hold? - ANSWERSPrincipal Broker

Only principal brokers have the authority to supervise other licensees

During the last 12 months, Utah licensee Joe closed eight transactions involving single
family dwellings and one duplex. How many experience points is this? - ANSWERS25
points

One unit residential dwellings earn 2.5 points and two-four unit residential dwellings
earn 5 points

Utah has reciprocal licensure agreements with what states and provinces? -
ANSWERSGeorgia, Mississippi and Alberta, Canada

What activities are required to be reported to the division? - ANSWERSLegal change of
name

If there is a change in branch managers/associate brokers

What responsibilities are a PUD property manager in charge of? - ANSWERSManaging
maintenance, landscaping, security issues/concerns and enforcing regulations

What is required of property management agreements? - ANSWERSThey should
include each party's duties and responsibilities

Under what circumstances is an individual exempt from needing a Utah real estate
license? - ANSWERSAn estate attorney who performs real estate services as part of
his/her duties

A person acting under court order

A person selling their own property

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