Utah Practice Test #2

All of the following would be required to have a real estate license, except:

If a real estate licensee is acting for an undisclosed principal:

When an earnest money agreement has been prepared by a real estate licensee andsigned by both buyer and seller, a copy should be given to each party:

In Utah, administration of the law governing the licensing of real estate brokers andsales agents is the responsibility of the:

To appeal the revocation of his license, a real estate sales agent:

A real estate license would not be necessary for:

In a suspension or revocation hearing, the accused licensee:

Upon being notified of passing the examination, a license applicant must pay theappropriate license fee within:

When a sales agent or associate broker ceases to represent a principal broker:

The first requirement for a principal broker who wishes to sue a client for acommission is

Which of the following practices could result in license revocation or suspension?

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

A real estate sales agent should normally advise a husband and wife who are buying ahome to take title as:

When a real estate licensee misrepresents facts in a property transaction, he may besubject to:

A real estate broker sold a piece of property late Tuesday afternoon and received$2,000 in cash as an earnest money deposit. It was too late to reach the bank where thetrust account was located, and the broker did not want to carry the cash so he put it inhis personal account in a nearby branch. The next day he withdrew the money anddeposited it in the trust account. This is an example of:

A licensee who places a blind ad has failed to disclose:

A real estate sales agent who has a valid active license may accept compensationfrom:

According to the real estate license law, a principal broker must keep transaction andtrust account records for:

All of the following are requirements for a sales agent’s license, except:

Which of the following statements are true regarding the Real Estate Recovery Fund?

Which of the following is supported in whole or part by real property taxes?

If a property owner has a house on a lot that is owner occupied, which have acombined market value of $90,000, what would be the assessed value for property taxpurposes?

To avoid delinquency, real property taxes must be paid by:

Arrange the following steps in subdivision development in the proper order:I. Record the subdivision plateII. Obtain approval of subdivision plat from planning commissionIII. Sales may be made

The Utah Uniform Land and Timeshares Sale Act is administered by:

The Uniform Land and Timeshare Sales Act:

In Utah, water rights may be lost through:

If the sale proceeds at a mortgage foreclosure sale exceed the amount necessary topay the costs of sale and satisfy the mortgage, the excess:

A termination date is not required for an

The successful bidder at a sheriff’s sale receives a:

Following recordation of the notice of default by the trustee under a deed of trust:

In the case of a forfeiture of a real estate contract, the vendor may retain as liquidateddamages:

The debtor always has a right of redemption following foreclosure and sale under a:

An involuntary lien is a lien which:

Which of the following could be homesteaded?

A judgment lien is an enforceable lien:

Arrange the following liens according to their priority:I. A mortgage recorded March 17II. A judgment docketed April 23III. A mechanic’s lien filed September 29 for work which began February 27 and was completed July 15IV. Property taxes under a special levy passed by the county voters on November 12

A properly declared homestead provides limited protection against:

Everett Jones is a single parent in financial straits. He has four children and onegrandchild who are dependents living in his house. The house is worth approximately$85,000 and has an outstanding mortgage of $45,000. A judgment in the amount of$25,000 was recently entered against him. The judgment creditor is attempting to haveJones’s house sold by the sheriff to pay the $25,000 judgment. Jones filed a properdeclaration of homestead the day after the lawsuit was filed against him.

A syndication can be a:

The minimum number of persons necessary for a corporation is:

Which of the following statements best describes a condominium ownership interest?

A condominium may be:

In which of the following business organizations would the personal assets of theprincipals be subject to claims of creditors of the organization?

If a landlord retains any of a deposit on a residential property, the tenant must begiven an itemized list of the deductions

If a lease is assigned, the assignee becomes:

All of the following could result in termination of a lease, except:

A holdover tenant may be held liable for:

An adverse possessor who has color of title:

The Utah Marketable Title Act provides some protection to property owners whohave a chain of title which can be traced to a recorded document at least: