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Utah Practice Test #3

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

    Which of the following are required to take and pass the real estate examination?

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  2. Question 2 of 50
    2. Question

    The Real Estate Commission:

    Correct
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  3. Question 3 of 50
    3. Question

    A real estate principal broker is alleged to have deposited a client’s earnest money deposit in his personal checking account. If the charge is true, the principal broker is guilty of:

    Correct
    Incorrect
  4. Question 4 of 50
    4. Question

    If an owner refuses to pay the principal broker an earned commission, the principal broker may:

    Correct
    Incorrect
  5. Question 5 of 50
    5. Question

    A sales agent’s commission is paid by:

    Correct
    Incorrect
  6. Question 6 of 50
    6. Question

    In order to apply for and obtain a Utah non-resident principal broker’s license, the non-resident principal broker must:

    Correct
    Incorrect
  7. Question 7 of 50
    7. Question

    A principal broker may split fees with which of the following?

    Correct
    Incorrect
  8. Question 8 of 50
    8. Question

    A person who is found to be operating as a real estate principal broker without a license may be fined by:

    Correct
    Incorrect
  9. Question 9 of 50
    9. Question

    The purpose of the Real Estate Recovery Fund is to:

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    Incorrect
  10. Question 10 of 50
    10. Question

    No suit or action for a commission may be brought by a sales agent against a sellerunless the sales agent first:

    Correct
    Incorrect
  11. Question 11 of 50
    11. Question

    An applicant for licensure as a real estate principal broker must meet all the following requirements except:

    Correct
    Incorrect
  12. Question 12 of 50
    12. Question

    Which of the following would be grounds for suspension or revocation of a real estate license?

    Correct
    Incorrect
  13. Question 13 of 50
    13. Question

    An applicant who fails the examination:

    Correct
    Incorrect
  14. Question 14 of 50
    14. Question

    For a first violation of the license law, which of the following criminal penalties maybe imposed?

    Correct
    Incorrect
  15. Question 15 of 50
    15. Question

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

    Correct
    Incorrect
  16. Question 16 of 50
    16. Question

    If a license has been on inactive status for more than one year, the licensee:

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    Incorrect
  17. Question 17 of 50
    17. Question

    In regard to record keeping, a principal broker is required to keep:

    Correct
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  18. Question 18 of 50
    18. Question

    The Real Estate Division will consider a real estate trust account to be commingled ifit contains the principal broker’s own money in an amount exceeding:

    Correct
    Incorrect
  19. Question 19 of 50
    19. Question

    In regard to water rights, Utah follows a(n)

    Correct
    Incorrect
  20. Question 20 of 50
    20. Question

    A real estate agent with a valid, active license may not legally complete

    Correct
    Incorrect
  21. Question 21 of 50
    21. Question

    Which of the following do not make levies for general real estate taxes?

    Correct
    Incorrect
  22. Question 22 of 50
    22. Question

    Which of the following is the correct decimal representing one mill?

    Correct
    Incorrect
  23. Question 23 of 50
    23. Question

    If a home has an appraised market value of $100,000 and the total millage rate for allproperty tax levies is 50 mills, what would the annual property tax be?

    Correct
    Incorrect
  24. Question 24 of 50
    24. Question

    In order to be eligible for special tax treatment under the Utah Greenbelt Assessment Act:

    Correct
    Incorrect
  25. Question 25 of 50
    25. Question

    A master plan for a county or municipality is adopted by:

    Correct
    Incorrect
  26. Question 26 of 50
    26. Question

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

    Correct
    Incorrect
  27. Question 27 of 50
    27. Question

    If Subdivision A is subject to laws requiring that a plat be approved and recorded prior to the sale of land in the subdivision, which of the following consequences would not occur if the developer records the plat and commences sales without first obtainingthe necessary approvals?

    Correct
    Incorrect
  28. Question 28 of 50
    28. Question

    If a transaction is subject to the Utah Uniform Land and Timeshares Sales Practices Act, the developer must do all of the following except:

    Correct
    Incorrect
  29. Question 29 of 50
    29. Question

    Once a developer has properly registered a subdivision or development, the publicoffering statement:

    Correct
    Incorrect
  30. Question 30 of 50
    30. Question

    Utah recognizes:

    Correct
    Incorrect
  31. Question 31 of 50
    31. Question

    Established water rights may be lost through statutory forfeiture if the water right isnot exercised for:

    Correct
    Incorrect
  32. Question 32 of 50
    32. Question

    Which of the following steps in a mortgage foreclosure must occur first:

    Correct
    Incorrect
  33. Question 33 of 50
    33. Question

    All of the following are true in regard to a deed of trust foreclosure, except:

    Correct
    Incorrect
  34. Question 34 of 50
    34. Question

    A double contract would most likely be created between a

    Correct
    Incorrect
  35. Question 35 of 50
    35. Question

    Which of the following is true regarding unlicensed assistants?

    Correct
    Incorrect
  36. Question 36 of 50
    36. Question

    If a person owns three parcels of real estate and a money judgment is entered againsthim, the judgment will create a lien against:

    Correct
    Incorrect
  37. Question 37 of 50
    37. Question

    If a money judgment is entered against Martin on June 1, 1970 and docketed in Sagebrush County on June 6, 1970, it would not constitute a lien against which of the following properties:

    Correct
    Incorrect
  38. Question 38 of 50
    38. Question

    Which of the following statements are true regarding the homestead exemption in Utah?

    Correct
    Incorrect
  39. Question 39 of 50
    39. Question

    Which of the following liens would be given the highest priority?

    Correct
    Incorrect
  40. Question 40 of 50
    40. Question

    If several mechanic’s liens have been filed against a property and the sale proceedsare not enough to satisfy all the mechanic’s liens, which would be paid off first?

    Correct
    Incorrect
  41. Question 41 of 50
    41. Question

    The priority date for a mechanic’s lien is:

    Correct
    Incorrect
  42. Question 42 of 50
    42. Question

    If Carl McIntosh has a wife and three dependent children, what would be the maximum homestead exemption claimed on their residence?

    Correct
    Incorrect
  43. Question 43 of 50
    43. Question

    A condominium could be:

    Correct
    Incorrect
  44. Question 44 of 50
    44. Question

    For federal income tax purposes, limited partnerships are taxed as:

    Correct
    Incorrect
  45. Question 45 of 50
    45. Question

    In a cooperative apartment project, the owners:

    Correct
    Incorrect
  46. Question 46 of 50
    46. Question

    To terminate a lease:

    Correct
    Incorrect
  47. Question 47 of 50
    47. Question

    To initiate an unlawful detainer action, the property owner must first:

    Correct
    Incorrect
  48. Question 48 of 50
    48. Question

    Which of the following is/are necessary in order to acquire ownership by adverse possession?

    Correct
    Incorrect
  49. Question 49 of 50
    49. Question

    In order to acquire an easement by prescription, the prescriptive user must establish all the following elements of adverse possession, except:

    Correct
    Incorrect
  50. Question 50 of 50
    50. Question

    The Marketable Record Title Act provides protection against claims arising out of:

    Correct
    Incorrect

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