Utah Sales Law Exam Latest @ 2024
It is June 18, and your license expired May 30. Which is NOT true? (a) You are now an
inactive licensee.
(b) You can renew by paying extra during June.
(c) You are out of luck! Start over.
(d) You can comply with additional requirements and renew till October 31. - Answer c
Assuming a REPC is accepted on January 25th and a check for $1,000 earnest money is
given the same day, what is the latest it can be deposited into the Brokerage Trust
Account?
(a) January 28 (b) January 26 (c) February 1 (d) January 29 - Answer d
A broker in Vernal lists a property in Roosevelt under an exclusive right to sell listing.
The selling broker does not sell through the listing broker. This could create:
(a) Double commission (b) Dual disposition
(c) Dual agency
(d) Double contract - Answer a
A person who owned a condominium might own any of the properties described below
EXCEPT: (a) A medical/dental building
(b) A unit in a light industrial complex
(c) A single family dwelling
(d) A nine-hole golf course - Answer d
When the Division thinks a licensee is violating Utah Real Estate Law, before the hearing
they may: (a) Issue a "writ of attachment."
(b) Freeze the trust account to protect against embezzlement.
(c) Suspend the license of the individual involved in the questionable activities.
(d) Issue a "Cease and Desist Order." - Answer d
15. You list a home that has an old well on it. The seller knows nothing about it. It is not