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Utah Practice Test #2

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

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

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  2. Question 2 of 50
    2. Question

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

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  3. Question 3 of 50
    3. Question

    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:

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    Incorrect
  4. Question 4 of 50
    4. Question

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

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  5. Question 5 of 50
    5. Question

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

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  6. Question 6 of 50
    6. Question

    A real estate license would not be necessary for:

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  7. Question 7 of 50
    7. Question

    In a suspension or revocation hearing, the accused licensee:

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  8. Question 8 of 50
    8. Question

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

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  9. Question 9 of 50
    9. Question

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

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    Incorrect
  10. Question 10 of 50
    10. Question

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

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  11. Question 11 of 50
    11. Question

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

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  12. Question 12 of 50
    12. Question

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

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  13. Question 13 of 50
    13. Question

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

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  14. Question 14 of 50
    14. Question

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

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  15. Question 15 of 50
    15. Question

    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:

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  16. Question 16 of 50
    16. Question

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

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  17. Question 17 of 50
    17. Question

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

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  18. Question 18 of 50
    18. Question

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

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  19. Question 19 of 50
    19. Question

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

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    Incorrect
  20. Question 20 of 50
    20. Question

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

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    Incorrect
  21. Question 21 of 50
    21. Question

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

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  22. Question 22 of 50
    22. Question

    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?

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  23. Question 23 of 50
    23. Question

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

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  24. Question 24 of 50
    24. Question

    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

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  25. Question 25 of 50
    25. Question

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

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    Incorrect
  26. Question 26 of 50
    26. Question

    The Uniform Land and Timeshare Sales Act:

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  27. Question 27 of 50
    27. Question

    In Utah, water rights may be lost through:

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  28. Question 28 of 50
    28. Question

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

    Correct
    Incorrect
  29. Question 29 of 50
    29. Question

    A termination date is not required for an

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  30. Question 30 of 50
    30. Question

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

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    Incorrect
  31. Question 31 of 50
    31. Question

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

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    Incorrect
  32. Question 32 of 50
    32. Question

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

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    Incorrect
  33. Question 33 of 50
    33. Question

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

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  34. Question 34 of 50
    34. Question

    An involuntary lien is a lien which:

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  35. Question 35 of 50
    35. Question

    Which of the following could be homesteaded?

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  36. Question 36 of 50
    36. Question

    A judgment lien is an enforceable lien:

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  37. Question 37 of 50
    37. Question

    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

    Correct
    Incorrect
  38. Question 38 of 50
    38. Question

    A properly declared homestead provides limited protection against:

    Correct
    Incorrect
  39. Question 39 of 50
    39. Question

    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.

    Correct
    Incorrect
  40. Question 40 of 50
    40. Question

    A syndication can be a:

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  41. Question 41 of 50
    41. Question

    The minimum number of persons necessary for a corporation is:

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  42. Question 42 of 50
    42. Question

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

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  43. Question 43 of 50
    43. Question

    A condominium may be:

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  44. Question 44 of 50
    44. Question

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

    Correct
    Incorrect
  45. Question 45 of 50
    45. Question

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

    Correct
    Incorrect
  46. Question 46 of 50
    46. Question

    If a lease is assigned, the assignee becomes:

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  47. Question 47 of 50
    47. Question

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

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  48. Question 48 of 50
    48. Question

    A holdover tenant may be held liable for:

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  49. Question 49 of 50
    49. Question

    An adverse possessor who has color of title:

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    Incorrect
  50. Question 50 of 50
    50. Question

    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:

    Correct
    Incorrect

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