Real Estate Exam Utah Law Questions and Correct Answers | Latest Update
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Course
Real Estate
Institution
Real Estate
Where should a broker keep sales agents' licenses?
-:- Broker's file
What happens to sales agents' licenses when the broker's license is revoked?
-:- Their license is inactivated
How does the broker get back in the business if his/her license is revoked?
-:- Must start over with sales agent...
✓ -:- To protect the public from dishonest licensees
How much equity could be projected for the head of the household, spouse and three
dependents?
✓ -:- $40,000
What is the main purpose of the Marketable Record Title Act?
✓ -:- Simplify and stabilize title searches
Who can have the 120 hours education requirement waived?
✓ -:- A member of the Utah Bar
Who does the governor point?
✓ -:- Commissioners
What does the Real Estate Commission NOT get involved with?
✓ -:- Disputes involving commission splits
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