Pearson Vue Real Estate Utah Exam
Questions & Answers (Grade A+)
Errors and Omissions (E&O) Insurance -
correct answer ✅Protects companies and their workers or
individuals against claims made by clients for inadequate work or
negligent actions
Puffing -
correct answer ✅extravagant claims made by sellers in order to
attract buyers
Due on sale clause -
correct answer ✅a stipulation in a mortgage or deed of trust,
requiring a borrower to pay the entire loan balance upon the sale
of the property for which a mortgage is being secured (entitles the
lender to accelerate the loan)
Mechanics lien -
correct answer ✅Security interest in the title to property for the
benefit of those who have supplied labor or materials that improve
the property
Survey -
correct answer ✅locating and measuring a property's boundary
lines to determine the exact amount of land that a homeowner
,Pearson Vue Real Estate Utah Exam
Questions & Answers (Grade A+)
owns. It will also locate and measure any easements or
encroachments on a property, which will be noted on a home's
chain of title
Escheat -
correct answer ✅the reversion of property to the state on the
owner's dying without legal heirs (private property that is
abandoned the state may also acquire through escheat)
Home equity -
correct answer ✅the difference between the home's fair market
value and the outstanding balance of all liens on the property
Fixture -
correct answer ✅any physical property that is permanently
attached (fixed) to real property (usually land) Fixtures are treated
as part of real property.
Redlining -
correct answer ✅any person or other entity whose business
includes residential real-estate related transactions to discriminate
against any person in making available such a transaction, or in the
,Pearson Vue Real Estate Utah Exam
Questions & Answers (Grade A+)
terms or conditions of such a transaction because of race or
national origin THIS IS ILLEGAL (fair housing act)
Fair Housing Act of 1968 -
correct answer ✅Fair Housing Act makes it unlawful to
discriminate in the terms, conditions, or privileges of sale of a
dwelling because of race or national origin.
Encumbrance -
correct answer ✅An encumbrance is a claim against a property by
a party that is not the owner. The most common types of
encumbrance apply to real estate; these include mortgages,
easements and property tax liens. Thought of as a burden or
impediment
6 fiduciary duties of a real estate agent -
correct answer ✅• Accounting: the agent must account for all
funds entrusted to her and not commingle (combine) client
costumer funds with her person and /or business funds
• Care: the agent must use all of her skills to the best of her ability
on behalf of the client
, Pearson Vue Real Estate Utah Exam
Questions & Answers (Grade A+)
• Confidentiality: the agent must keep confidential any information
given to her by her client, especially information that may be
damaging to the client in a negotiation
• Disclosure: the agent must disclose to the client any information
she receives that may benefit the client's position in negotiation
• Loyalty: the agent owes undivided loyalty to the client and puts
the client's interest above her own
• Obedience: the agent must obey all lawful orders that the client
gives her
Partition -
correct answer ✅a partition is a legal proceeding to divide
property owned by two or more people
Erosion -
correct answer ✅erosion is the gradual loss of land by an act of
nature, like property lost along the bank of a river
Avulsion -
correct answer ✅avulsion is the sudden loss of land by an act of
nation like a landslide
Questions & Answers (Grade A+)
Errors and Omissions (E&O) Insurance -
correct answer ✅Protects companies and their workers or
individuals against claims made by clients for inadequate work or
negligent actions
Puffing -
correct answer ✅extravagant claims made by sellers in order to
attract buyers
Due on sale clause -
correct answer ✅a stipulation in a mortgage or deed of trust,
requiring a borrower to pay the entire loan balance upon the sale
of the property for which a mortgage is being secured (entitles the
lender to accelerate the loan)
Mechanics lien -
correct answer ✅Security interest in the title to property for the
benefit of those who have supplied labor or materials that improve
the property
Survey -
correct answer ✅locating and measuring a property's boundary
lines to determine the exact amount of land that a homeowner
,Pearson Vue Real Estate Utah Exam
Questions & Answers (Grade A+)
owns. It will also locate and measure any easements or
encroachments on a property, which will be noted on a home's
chain of title
Escheat -
correct answer ✅the reversion of property to the state on the
owner's dying without legal heirs (private property that is
abandoned the state may also acquire through escheat)
Home equity -
correct answer ✅the difference between the home's fair market
value and the outstanding balance of all liens on the property
Fixture -
correct answer ✅any physical property that is permanently
attached (fixed) to real property (usually land) Fixtures are treated
as part of real property.
Redlining -
correct answer ✅any person or other entity whose business
includes residential real-estate related transactions to discriminate
against any person in making available such a transaction, or in the
,Pearson Vue Real Estate Utah Exam
Questions & Answers (Grade A+)
terms or conditions of such a transaction because of race or
national origin THIS IS ILLEGAL (fair housing act)
Fair Housing Act of 1968 -
correct answer ✅Fair Housing Act makes it unlawful to
discriminate in the terms, conditions, or privileges of sale of a
dwelling because of race or national origin.
Encumbrance -
correct answer ✅An encumbrance is a claim against a property by
a party that is not the owner. The most common types of
encumbrance apply to real estate; these include mortgages,
easements and property tax liens. Thought of as a burden or
impediment
6 fiduciary duties of a real estate agent -
correct answer ✅• Accounting: the agent must account for all
funds entrusted to her and not commingle (combine) client
costumer funds with her person and /or business funds
• Care: the agent must use all of her skills to the best of her ability
on behalf of the client
, Pearson Vue Real Estate Utah Exam
Questions & Answers (Grade A+)
• Confidentiality: the agent must keep confidential any information
given to her by her client, especially information that may be
damaging to the client in a negotiation
• Disclosure: the agent must disclose to the client any information
she receives that may benefit the client's position in negotiation
• Loyalty: the agent owes undivided loyalty to the client and puts
the client's interest above her own
• Obedience: the agent must obey all lawful orders that the client
gives her
Partition -
correct answer ✅a partition is a legal proceeding to divide
property owned by two or more people
Erosion -
correct answer ✅erosion is the gradual loss of land by an act of
nature, like property lost along the bank of a river
Avulsion -
correct answer ✅avulsion is the sudden loss of land by an act of
nation like a landslide
