UTAH STATE NOTARY EXAM ONLINE
PRACTICE 2025
CLEAN A 1/1/25 EXAM
,UTAH STATE NOTARY EXAM
UTAH STATE NOTARY EXAM ONLINE
PRACTICE 2025
Lily is considering signing a buyer representation agreement with you, a Utah
licensee, but she's unconvinced. "What's in it for me?" she asks. What's one major
benefit to her when she signs the buyer representation agreement?
a. It guarantees you'll get a commission.
b. It makes her look more serious in the seller's eyes.
c. It means you're representing her and not the seller.
d. It's less time-consuming to you. - c. It means you're representing her and not the
seller.
Which of the following is true about the debit and credit columns on a buyer's
closing statement?
a. The credits will be higher, since the buyer is getting a loan.
b. The debits will be higher, since the buyer is purchasing a property.
c. There is no way of knowing whether debits or credits will be higher, since
they're specific to the transaction.
d. They'll be equal, since the purpose of the closing statement is to balance costs
and incoming funds. - d. They'll be equal, since the purpose of the closing
statement is to balance costs and incoming funds.
When Utah licensees receive funds related to a transaction, which of the following
is a true statement?
a. They must deposit the funds within three banking days.
b. They must hold onto the funds until they receive written instruction from the
parties or until closing.
UTAH STATE NOTARY EXAM
,UTAH STATE NOTARY EXAM
c. They must inform their principal broker and deposit the funds immediately.
d. They must inform their principal broker and immediately turn over the funds. -
d. They must inform their principal broker and immediately turn over the funds.
Your client's offer to purchase a new home in Orem was accepted. You remember
to deposit her escrow funds into a brokerage trust account and to get
documentation of the transaction. What else, if anything, should you do?
a. Make sure that you assign this transaction a sequential transaction number.
b. Nothing; you've done all that's required.
c. Send all parties a copy of the transaction documentation after 30 days.
d. Verify that it is in an interest-bearing account. - a. Make sure that you assign this
transaction a sequential transaction number.
Which of the following statements about agency creation in Utah is true?
a. The agency relationship must be created using a written agreement.
b. The agency relationship must be created using a written agreement that is signed
by both parties.
c. The agency relationship must be created using a written agreement that is signed
by both parties and notarized.
d. The agency relationship must be created using a written or verbal agency
agreement. - b. The agency relationship must be created using a written agreement
that is signed by both parties.
With ______, your client is saying, "You acted as my agent without authority; now,
here's your authority."
a. Estoppel
b. Express agency
UTAH STATE NOTARY EXAM
, UTAH STATE NOTARY EXAM
c. Implied agency
d. Ratification - d. Ratification
Jeremy was found guilty of violating license law but doesn't believe he did
anything wrong. Which of these actions should he take to have the most positive
effect?
a. Ask to speak privately to the presiding officer of the Utah Division of Real
Estate.
b. Call two or three witnesses to testify on his behalf.
c. Conduct his own investigation against the Utah Division of Real Estate.
d. Request an agency or judicial review. - d. Request an agency or judicial review.
Aside from her license being revoked, what other consequences may licensee Kim
face when the recovery fund pays a judgment on her behalf?
a. Community service
b. Disciplinary actions
c. Negative credit rating
d. Tax penalties - b. Disciplinary actions
When is a Utah real estate license required?
a. When performing maintenance work for one property owner
b. When performing real estate activities for others, for compensation of any kind
c. When performing real estate activities for others, without compensation
d. When performing real estate activities for yourself - b. When performing real
estate activities for others, for compensation of any kind
UTAH STATE NOTARY EXAM
PRACTICE 2025
CLEAN A 1/1/25 EXAM
,UTAH STATE NOTARY EXAM
UTAH STATE NOTARY EXAM ONLINE
PRACTICE 2025
Lily is considering signing a buyer representation agreement with you, a Utah
licensee, but she's unconvinced. "What's in it for me?" she asks. What's one major
benefit to her when she signs the buyer representation agreement?
a. It guarantees you'll get a commission.
b. It makes her look more serious in the seller's eyes.
c. It means you're representing her and not the seller.
d. It's less time-consuming to you. - c. It means you're representing her and not the
seller.
Which of the following is true about the debit and credit columns on a buyer's
closing statement?
a. The credits will be higher, since the buyer is getting a loan.
b. The debits will be higher, since the buyer is purchasing a property.
c. There is no way of knowing whether debits or credits will be higher, since
they're specific to the transaction.
d. They'll be equal, since the purpose of the closing statement is to balance costs
and incoming funds. - d. They'll be equal, since the purpose of the closing
statement is to balance costs and incoming funds.
When Utah licensees receive funds related to a transaction, which of the following
is a true statement?
a. They must deposit the funds within three banking days.
b. They must hold onto the funds until they receive written instruction from the
parties or until closing.
UTAH STATE NOTARY EXAM
,UTAH STATE NOTARY EXAM
c. They must inform their principal broker and deposit the funds immediately.
d. They must inform their principal broker and immediately turn over the funds. -
d. They must inform their principal broker and immediately turn over the funds.
Your client's offer to purchase a new home in Orem was accepted. You remember
to deposit her escrow funds into a brokerage trust account and to get
documentation of the transaction. What else, if anything, should you do?
a. Make sure that you assign this transaction a sequential transaction number.
b. Nothing; you've done all that's required.
c. Send all parties a copy of the transaction documentation after 30 days.
d. Verify that it is in an interest-bearing account. - a. Make sure that you assign this
transaction a sequential transaction number.
Which of the following statements about agency creation in Utah is true?
a. The agency relationship must be created using a written agreement.
b. The agency relationship must be created using a written agreement that is signed
by both parties.
c. The agency relationship must be created using a written agreement that is signed
by both parties and notarized.
d. The agency relationship must be created using a written or verbal agency
agreement. - b. The agency relationship must be created using a written agreement
that is signed by both parties.
With ______, your client is saying, "You acted as my agent without authority; now,
here's your authority."
a. Estoppel
b. Express agency
UTAH STATE NOTARY EXAM
, UTAH STATE NOTARY EXAM
c. Implied agency
d. Ratification - d. Ratification
Jeremy was found guilty of violating license law but doesn't believe he did
anything wrong. Which of these actions should he take to have the most positive
effect?
a. Ask to speak privately to the presiding officer of the Utah Division of Real
Estate.
b. Call two or three witnesses to testify on his behalf.
c. Conduct his own investigation against the Utah Division of Real Estate.
d. Request an agency or judicial review. - d. Request an agency or judicial review.
Aside from her license being revoked, what other consequences may licensee Kim
face when the recovery fund pays a judgment on her behalf?
a. Community service
b. Disciplinary actions
c. Negative credit rating
d. Tax penalties - b. Disciplinary actions
When is a Utah real estate license required?
a. When performing maintenance work for one property owner
b. When performing real estate activities for others, for compensation of any kind
c. When performing real estate activities for others, without compensation
d. When performing real estate activities for yourself - b. When performing real
estate activities for others, for compensation of any kind
UTAH STATE NOTARY EXAM
