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Utah Practice Test #1

Posted on March 2, 2023March 2, 2023 by
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  1. Question 1 of 50
    1. Question

    Before a licensee’s license may be suspended or revoked for prohibited discriminatorypractices, the licensee must:

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  2. Question 2 of 50
    2. Question

    After being notified of passing the license exam, an applicant has how many days topay the appropriate license fee?

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  3. Question 3 of 50
    3. Question

    Where must a sales agent have his license displayed?

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  4. Question 4 of 50
    4. Question

    A sales agent applicant may solicit listings and negotiate with prospects when he:

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  5. Question 5 of 50
    5. Question

    Real estate license are issued for a term of:

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  6. Question 6 of 50
    6. Question

    The Real Estate Commission has:

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  7. Question 7 of 50
    7. Question

    Which of the following would be a proper disbursement from a broker’s trust account?

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  8. Question 8 of 50
    8. Question

    A branch office:

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  9. Question 9 of 50
    9. Question

    Funds received by a broker as earnest money must be deposited in the trust account:

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  10. Question 10 of 50
    10. Question

    A broker licensed in Utah as a nonresident principal broker must maintain a principlebusiness location in:

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  11. Question 11 of 50
    11. Question

    Provided that he or she has an active license, a sales agent may:

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  12. Question 12 of 50
    12. Question

    A real estate principal broker is prohibited from purchasing real estate on his ownbehalf by

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  13. Question 13 of 50
    13. Question

    Duties of the Real Estate Commission include:

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  14. Question 14 of 50
    14. Question

    A real estate licensee who is an agent for the seller must:

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  15. Question 15 of 50
    15. Question

    Which of the following would be required to have a real estate principal brokerpresent?

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  16. Question 16 of 50
    16. Question

    In the case of a violation of the license law by a licensee, the licensee may be subjectto a

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  17. Question 17 of 50
    17. Question

    A real estate principal broker must maintain a copy of closing statements:

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  18. Question 18 of 50
    18. Question

    A sales agent who has both negotiated the listing and found the buyer for the propertymay bring a lawsuit against which of the following for the commission if thecommission is not paid as agreed in the listing?

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  19. Question 19 of 50
    19. Question

    The lien for real property taxes attaches as of:

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  20. Question 20 of 50
    20. Question

    In Utah, commercial real property is assessed at what percentage of market value?

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  21. Question 21 of 50
    21. Question

    Which of the following would not be shown on a subdivision plat?

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  22. Question 22 of 50
    22. Question

    A long-range guide for the development of a community is called a:

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  23. Question 23 of 50
    23. Question

    Which of the following statements regarding the Utah Uniform Land Sales PracticesAct is NOT true?

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  24. Question 24 of 50
    24. Question

    If a landowner desires a variance from an existing zoning ordinance, the landownerwould make an appeal to:

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  25. Question 25 of 50
    25. Question

    In regards to water rights, Utah follows:

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  26. Question 26 of 50
    26. Question

    The trustor in connection with a trust deed is the party who:

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  27. Question 27 of 50
    27. Question

    The successful bidder at a sheriff’s sale receives:

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  28. Question 28 of 50
    28. Question

    All of the following statements are true regarding a mortgage foreclosure, except:

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  29. Question 29 of 50
    29. Question

    Which of these statements is true in regard to real estate contracts (installment salecontracts)?

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  30. Question 30 of 50
    30. Question

    The period of redemption following a trustee’s sale under a deed of trust is:

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  31. Question 31 of 50
    31. Question

    If a buyer defaults on a real estate contract, the vendor may:

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  32. Question 32 of 50
    32. Question

    A judgment lien attaches to:

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  33. Question 33 of 50
    33. Question

    An earnest money deposit received by a sales agent should be turned over to the:

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    Incorrect
  34. Question 34 of 50
    34. Question

    All of the following are voluntary liens, except:

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  35. Question 35 of 50
    35. Question

    State property tax liens have priority:

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  36. Question 36 of 50
    36. Question

    A deficiency judgment:

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  37. Question 37 of 50
    37. Question

    Which of the following may not file a mechanic’s lien?

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  38. Question 38 of 50
    38. Question

    An action to enforce a mechanic’s lien must be brought within:

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  39. Question 39 of 50
    39. Question

    A homestead exemption:

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  40. Question 40 of 50
    40. Question

    As a general rule, priority among liens is determined by:

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  41. Question 41 of 50
    41. Question

    Real estate syndications are usually organized as:

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  42. Question 42 of 50
    42. Question

    In the regulation of water use in Utah, the fundamental guiding principle is:

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  43. Question 43 of 50
    43. Question

    A basic difference between a general partner and a limited partner is:

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  44. Question 44 of 50
    44. Question

    Regarding corporations:

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  45. Question 45 of 50
    45. Question

    In Utah the minimum notice required to terminate a periodic tenancy is:

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  46. Question 46 of 50
    46. Question

    The statutory period to create an easement by prescription is:

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  47. Question 47 of 50
    47. Question

    If a broker moves his place of business without advising the Real Estate Commission

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  48. Question 48 of 50
    48. Question

    A group of investors seeking additional investors who want to limit their liabilityshould form a:

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  49. Question 49 of 50
    49. Question

    All of the following statements regarding condominiums and cooperative apartmentsare true, except:

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  50. Question 50 of 50
    50. Question

    In Utah, the necessary elements for a claim based on adverse possession do notinclude:

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    Incorrect

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