Utah Practice Test #1

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

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

Where must a sales agent have his license displayed?

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

Real estate license are issued for a term of:

The Real Estate Commission has:

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

A branch office:

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

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

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

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

Duties of the Real Estate Commission include:

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

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

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

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

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?

The lien for real property taxes attaches as of:

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

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

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

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

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

In regards to water rights, Utah follows:

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

The successful bidder at a sheriff’s sale receives:

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

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

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

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

A judgment lien attaches to:

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

All of the following are voluntary liens, except:

State property tax liens have priority:

A deficiency judgment:

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

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

A homestead exemption:

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

Real estate syndications are usually organized as:

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

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

Regarding corporations:

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

The statutory period to create an easement by prescription is:

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

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

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

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