Utah General Sales exam 2025
Questions and Answers 100% Pass
M starts a small business teaching people how to do unique types of quilting and
stitchery and hires one person to help her. She finds an old house to rent cheaply. It
only has one very small 1/2 bath, and five steps to get in the front door. In this case,
ADA requirements:
(a) are violated because a handicapped person would not have equal access.
(b) do not apply since there's only one employee.
(c) don't apply as it would be too costly for a small business to make major
construction modifications.
(d) only apply when there are more than 15 employees. - ✔✔a
An agent from a buyer brokerage represents the:
(a) is a neutral facilitator
(b) buyer
(c) seller
(d) seller and buyer - ✔✔b
An appraisal may be considered complete without which of the following?
(a) Property description
(b) Signature
(c) Date
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
,(d) Sales approach - ✔✔d
What term best describes a situation where the lessor collects rents from the tenants
and pays expenses out of those rents?
(a) License estate
(b) Gross lease
(c) Net lease
(d) Participation lease - ✔✔b
Which of the following is NOT a true statement about the settlement statement?
(a) It will note if monies were paid up front.
(b) Buyer total closing cost appear on the back and front of the statement.
(c) It is to account for all money involved in the transaction
(d) The seller's loan payoff will be a debit to the seller, a credit to the buyer. - ✔✔d
The buyers made an offer; the sellers accepted it by signing the sales contract. Then
the buyers decided they wanted to extend closing a week later. What should the
agent do?
(a) X out the old date and write in the new date on the contract. Give eveveryone a
copy.
(b) Get the sellers permission, then notify the buyers of their agreement.
(c) Rewrite the contract with the new date and get everyone's signatures.
(d) Write an addendum with the new date and have both parties sign. - ✔✔d
If the interest rate on a straight loan is 8% and the monthly interest payment is $650,
what is the amount of the loan?
(a) $88,750
(b) $97,500
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 2
,(c) $75,682
(d) $103,250 - ✔✔b
The appraiser was determing the value of the property based on the cost approach.
The outside dimensions of the home were 28' x 40' and the cost was $11.25 per
square foot. His estimate of value was:
(a) $126,000.00
(b) $1,530.00
(c) $765.00
(d) $12,600.00 - ✔✔d
An up-front cost the lender charges to the borrower, usually a percent of the loan
amount, that generates profit to the lender and factors in the lender's cost of getting
money.
(a) Document prep fee
(b) Title insurance fee
(c) Discount points
(d) Origination fee - ✔✔d
In which of the following situations involving a 1031 would income taxes NOT have
to be paid?
(a) The exchange of a boat which can be a residence for a single family home.
(b) Exchanging a duplex and a car for a triplex
(c) The exchange of two properties resulting in one owner owing $5,000 less than
before on the property loan.
(d) The exchange of a fourplex in the city for a small farm of equal value. - ✔✔d
A lessee agreed to pay property tax and hazard insurance as well as rent. This lease
is:
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 3
, (a) Gross lease
(b) Percentage lease
(c) Net lease
(d) Proprietary lease - ✔✔c
Using the sales comparison method, the property adjustment for a comparable
property that is viewed to be worth $10,000 more because it is newer would be:
(a) Add $10,000 to the comparable property.
(b) Add $10,000 to the subject property.
(c) Subtract $10,000 from the subject property.
(d) Subtract $10,000 from the comparable property. - ✔✔d
Which arrangement may occur in a typical construction loan?
(a) The full loan is advanced before construction begins.
(b) Funds are given after construction is completed.
(c) Funds are paid in installments at various stages of construction.
(d) Interest on the total amount of the loan is charged from the beginning. - ✔✔c
J carried back a 2nd mortgage when his home was sold. Now he needs some ready
cash and is going to sell it to a secondary lender for 60% of face value. This
discounting of the loan does NOT have which of the following advantages?
(a) It gets a lump sum of cash immediately for J.
(b) The person who bought the house and has the loan will now pay a higher
interest rate.
(c) It provides an increased yield for the secondary lender.
(d) The secondary lender has a secured investment at relatively high interest. - ✔✔b
About 35% of the credit score consists of:
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 4
Questions and Answers 100% Pass
M starts a small business teaching people how to do unique types of quilting and
stitchery and hires one person to help her. She finds an old house to rent cheaply. It
only has one very small 1/2 bath, and five steps to get in the front door. In this case,
ADA requirements:
(a) are violated because a handicapped person would not have equal access.
(b) do not apply since there's only one employee.
(c) don't apply as it would be too costly for a small business to make major
construction modifications.
(d) only apply when there are more than 15 employees. - ✔✔a
An agent from a buyer brokerage represents the:
(a) is a neutral facilitator
(b) buyer
(c) seller
(d) seller and buyer - ✔✔b
An appraisal may be considered complete without which of the following?
(a) Property description
(b) Signature
(c) Date
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 1
,(d) Sales approach - ✔✔d
What term best describes a situation where the lessor collects rents from the tenants
and pays expenses out of those rents?
(a) License estate
(b) Gross lease
(c) Net lease
(d) Participation lease - ✔✔b
Which of the following is NOT a true statement about the settlement statement?
(a) It will note if monies were paid up front.
(b) Buyer total closing cost appear on the back and front of the statement.
(c) It is to account for all money involved in the transaction
(d) The seller's loan payoff will be a debit to the seller, a credit to the buyer. - ✔✔d
The buyers made an offer; the sellers accepted it by signing the sales contract. Then
the buyers decided they wanted to extend closing a week later. What should the
agent do?
(a) X out the old date and write in the new date on the contract. Give eveveryone a
copy.
(b) Get the sellers permission, then notify the buyers of their agreement.
(c) Rewrite the contract with the new date and get everyone's signatures.
(d) Write an addendum with the new date and have both parties sign. - ✔✔d
If the interest rate on a straight loan is 8% and the monthly interest payment is $650,
what is the amount of the loan?
(a) $88,750
(b) $97,500
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 2
,(c) $75,682
(d) $103,250 - ✔✔b
The appraiser was determing the value of the property based on the cost approach.
The outside dimensions of the home were 28' x 40' and the cost was $11.25 per
square foot. His estimate of value was:
(a) $126,000.00
(b) $1,530.00
(c) $765.00
(d) $12,600.00 - ✔✔d
An up-front cost the lender charges to the borrower, usually a percent of the loan
amount, that generates profit to the lender and factors in the lender's cost of getting
money.
(a) Document prep fee
(b) Title insurance fee
(c) Discount points
(d) Origination fee - ✔✔d
In which of the following situations involving a 1031 would income taxes NOT have
to be paid?
(a) The exchange of a boat which can be a residence for a single family home.
(b) Exchanging a duplex and a car for a triplex
(c) The exchange of two properties resulting in one owner owing $5,000 less than
before on the property loan.
(d) The exchange of a fourplex in the city for a small farm of equal value. - ✔✔d
A lessee agreed to pay property tax and hazard insurance as well as rent. This lease
is:
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 3
, (a) Gross lease
(b) Percentage lease
(c) Net lease
(d) Proprietary lease - ✔✔c
Using the sales comparison method, the property adjustment for a comparable
property that is viewed to be worth $10,000 more because it is newer would be:
(a) Add $10,000 to the comparable property.
(b) Add $10,000 to the subject property.
(c) Subtract $10,000 from the subject property.
(d) Subtract $10,000 from the comparable property. - ✔✔d
Which arrangement may occur in a typical construction loan?
(a) The full loan is advanced before construction begins.
(b) Funds are given after construction is completed.
(c) Funds are paid in installments at various stages of construction.
(d) Interest on the total amount of the loan is charged from the beginning. - ✔✔c
J carried back a 2nd mortgage when his home was sold. Now he needs some ready
cash and is going to sell it to a secondary lender for 60% of face value. This
discounting of the loan does NOT have which of the following advantages?
(a) It gets a lump sum of cash immediately for J.
(b) The person who bought the house and has the loan will now pay a higher
interest rate.
(c) It provides an increased yield for the secondary lender.
(d) The secondary lender has a secured investment at relatively high interest. - ✔✔b
About 35% of the credit score consists of:
COPYRIGHT © 2025 BY SOPHIA BENNETT, ALL RIGHTS RESERVED 4
