2/7/25, 8:16 PM UTAH STATE NOTARY EXAM ONLINE PRACTICE 2025 | ALL 300 QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED…
UTAH STATE NOTARY EXAM ONLINE PRACTICE
2025 | ALL 300 QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+ | LATEST
UPDATE
Save
Terms in this set (100)
Lily is considering signing c. It means you're representing her and not the seller.
a buyer representation
agreement with you, a
Utah licensee, but she's
unconvinced. "What's in it
for me?" she asks. What's
one major benefit to her
when she signs the buyer
representation
agreement?
a. It guarantees you'll get
a commission.
b. It makes her look more
serious in the seller's eyes.
c. It means you're
representing her and not
the seller.
d. It's less time-consuming
to you.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 1/70
,2/7/25, 8:16 PM UTAH STATE NOTARY EXAM ONLINE PRACTICE 2025 | ALL 300 QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED…
Which of the following is d. They'll be equal, since the purpose of the closing
true about the debit and statement is to balance costs and incoming funds.
credit columns on a
buyer's closing statement?
a. The credits will be
higher, since the buyer is
getting a loan.
b. The debits will be
higher, since the buyer is
purchasing a property.
c. There is no way of
knowing whether debits or
credits will be higher,
since they're specific to
the transaction.
d. They'll be equal, since
the purpose of the closing
statement is to balance
costs and incoming funds.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 2/70
,2/7/25, 8:16 PM UTAH STATE NOTARY EXAM ONLINE PRACTICE 2025 | ALL 300 QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED…
When Utah licensees d. They must inform their principal broker and
receive funds related to a immediately turn over the funds.
transaction, which of the
following is a true
statement?
a. They must deposit the
funds within three banking
days.
b. They must hold onto the
funds until they receive
written instruction from
the parties or until closing.
c. They must inform their
principal broker and
deposit the funds
immediately.
d. They must inform their
principal broker and
immediately turn over the
funds.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 3/70
, 2/7/25, 8:16 PM UTAH STATE NOTARY EXAM ONLINE PRACTICE 2025 | ALL 300 QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED…
Your client's offer to a. Make sure that you assign this transaction a
purchase a new home in sequential transaction number.
Orem was accepted. You
remember to deposit her
escrow funds into a
brokerage trust account
and to get documentation
of the transaction. What
else, if anything, should
you do?
a. Make sure that you
assign this transaction a
sequential transaction
number.
b. Nothing; you've done
all that's required.
c. Send all parties a copy
of the transaction
documentation after 30
days.
d. Verify that it is in an
interest-bearing account.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 4/70
UTAH STATE NOTARY EXAM ONLINE PRACTICE
2025 | ALL 300 QUESTIONS AND CORRECT
ANSWERS | ALREADY GRADED A+ | LATEST
UPDATE
Save
Terms in this set (100)
Lily is considering signing c. It means you're representing her and not the seller.
a buyer representation
agreement with you, a
Utah licensee, but she's
unconvinced. "What's in it
for me?" she asks. What's
one major benefit to her
when she signs the buyer
representation
agreement?
a. It guarantees you'll get
a commission.
b. It makes her look more
serious in the seller's eyes.
c. It means you're
representing her and not
the seller.
d. It's less time-consuming
to you.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 1/70
,2/7/25, 8:16 PM UTAH STATE NOTARY EXAM ONLINE PRACTICE 2025 | ALL 300 QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED…
Which of the following is d. They'll be equal, since the purpose of the closing
true about the debit and statement is to balance costs and incoming funds.
credit columns on a
buyer's closing statement?
a. The credits will be
higher, since the buyer is
getting a loan.
b. The debits will be
higher, since the buyer is
purchasing a property.
c. There is no way of
knowing whether debits or
credits will be higher,
since they're specific to
the transaction.
d. They'll be equal, since
the purpose of the closing
statement is to balance
costs and incoming funds.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 2/70
,2/7/25, 8:16 PM UTAH STATE NOTARY EXAM ONLINE PRACTICE 2025 | ALL 300 QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED…
When Utah licensees d. They must inform their principal broker and
receive funds related to a immediately turn over the funds.
transaction, which of the
following is a true
statement?
a. They must deposit the
funds within three banking
days.
b. They must hold onto the
funds until they receive
written instruction from
the parties or until closing.
c. They must inform their
principal broker and
deposit the funds
immediately.
d. They must inform their
principal broker and
immediately turn over the
funds.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 3/70
, 2/7/25, 8:16 PM UTAH STATE NOTARY EXAM ONLINE PRACTICE 2025 | ALL 300 QUESTIONS AND CORRECT ANSWERS | ALREADY GRADED…
Your client's offer to a. Make sure that you assign this transaction a
purchase a new home in sequential transaction number.
Orem was accepted. You
remember to deposit her
escrow funds into a
brokerage trust account
and to get documentation
of the transaction. What
else, if anything, should
you do?
a. Make sure that you
assign this transaction a
sequential transaction
number.
b. Nothing; you've done
all that's required.
c. Send all parties a copy
of the transaction
documentation after 30
days.
d. Verify that it is in an
interest-bearing account.
https://quizlet.com/1002942696/utah-state-notary-exam-online-practice-2025-all-300-questions-and-correct-answers-already-graded-a-latest-update-f… 4/70
