Sales Utah Law Exam Actual Exam
SALES UTAH LAW EXAM ACTUAL EXAM 100 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY
GRADED A+||BRAND NEW VERSION!!
You list a home that has an old well on it. The seller knows nothing about it. It is not being used
now, but the seller doesn't know who has the water rights. Where would you check to find out.
(a) Division of Water Rights.
(b) State Water Commissioner.
(c) Water Usage & Appropriations Commission
(d) Utah Real Estate Division, Water Rights Section. - ANSWER-(a) Division of Water Rights.
The statutory requirement for becoming a broker is:
(a) Have three years' full-time experience as a real estate licensee or its equivalent.
(b) Have five years' experience as a real estate salesagent.
(c) Be a member of the Board of Realtors.
(d) Post $1,000 bond. - ANSWER-(a) Have three years' full-time experience as a real estate
licensee or its equivalent.
If a person living in a condominium project did not pay their homeowner fee, what might the
consequences be?
(a) They will forfeit their ownership.
(b) A condemnation action would be initiated. (c) It would become fee simple defeasible.
(d) A lien would be placed against the property. - ANSWER-(d) A lien would be placed against
the property.
K offers an unlicensed friend $50 for helping K sell a $50,000 home. This is inappropriate
because:
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, Sales Utah Law Exam Actual Exam
(a) of the Statute of Frauds.
(b) it is not enough compensation.
(c) it violates real estate licensing laws.
(d) they are personal friends. - ANSWER-(c) it violates real estate licensing laws.
If, upon examination by the Division's representative, gross mismanagement of the records is
found, which of the following would NOT be a possibility?
(a) The Division could appoint a receiver.
(b) An audit by an independent CPA can be required.
(c) If there is an audit, the broker must pay for it.
(d) The Division could freeze the trust account - ANSWER-(d) The Division could freeze the trust
account
( The Division does not have the legal authority to freeze a bank account. They could, however,
issue a Cease and Desist order. Even the court could not freeze the account, but appoint a
receiver)
An associate broker can do all of the following EXCEPT:
(a) Take listings
(b) Prepare closing documents
(c) Pay commissions
(d) Negotiate leases - ANSWER-(c) Pay commissions
According to the rules, the broker must furnish a statement of account showing the current
status of the transaction when:
(a) it is a transaction that will take more than 120 days to conclude.
(b) it is demanded by either party, or 30 days have passed from acceptance.
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, Sales Utah Law Exam Actual Exam
(c) there is a concern or dispute by one party, doubting that the other party is performing as
required.
(d) thirty days have passed since the offer was accepted. - ANSWER-(b) it is demanded by either
party, or 30 days have passed from acceptance.
Where are the water right records stored?
(a) County Recorder's Office
(b) Water Commissioner's Office
(c) Real Estate Division
(d) State Engineer's Office - ANSWER-(d) State Engineer's Office
The duties of the Real Estate Commissioners include all of the following EXCEPT?
(a) Advising the director.
(b) Regulating property management.
(c) Passing laws relating to the practice of real estate.
(d) Making and enforcing rules and regulations. - ANSWER-(c) Passing laws relating to the
practice of real estate.
A plumber did some work on a home. After waiting a few weeks while the owner kept
promising to pay, the plumber decided to place a mechanic's lien against the property. Which of
the following would accomplish that?
(a) Perfect a lien at the county recorder's office.
(b) File an unlawful detainer with the court.
(c) Sue the owner in small claims court.
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SALES UTAH LAW EXAM ACTUAL EXAM 100 QUESTIONS AND
CORRECT DETAILED ANSWERS (VERIFIED ANSWERS) ||ALREADY
GRADED A+||BRAND NEW VERSION!!
You list a home that has an old well on it. The seller knows nothing about it. It is not being used
now, but the seller doesn't know who has the water rights. Where would you check to find out.
(a) Division of Water Rights.
(b) State Water Commissioner.
(c) Water Usage & Appropriations Commission
(d) Utah Real Estate Division, Water Rights Section. - ANSWER-(a) Division of Water Rights.
The statutory requirement for becoming a broker is:
(a) Have three years' full-time experience as a real estate licensee or its equivalent.
(b) Have five years' experience as a real estate salesagent.
(c) Be a member of the Board of Realtors.
(d) Post $1,000 bond. - ANSWER-(a) Have three years' full-time experience as a real estate
licensee or its equivalent.
If a person living in a condominium project did not pay their homeowner fee, what might the
consequences be?
(a) They will forfeit their ownership.
(b) A condemnation action would be initiated. (c) It would become fee simple defeasible.
(d) A lien would be placed against the property. - ANSWER-(d) A lien would be placed against
the property.
K offers an unlicensed friend $50 for helping K sell a $50,000 home. This is inappropriate
because:
1|Page
, Sales Utah Law Exam Actual Exam
(a) of the Statute of Frauds.
(b) it is not enough compensation.
(c) it violates real estate licensing laws.
(d) they are personal friends. - ANSWER-(c) it violates real estate licensing laws.
If, upon examination by the Division's representative, gross mismanagement of the records is
found, which of the following would NOT be a possibility?
(a) The Division could appoint a receiver.
(b) An audit by an independent CPA can be required.
(c) If there is an audit, the broker must pay for it.
(d) The Division could freeze the trust account - ANSWER-(d) The Division could freeze the trust
account
( The Division does not have the legal authority to freeze a bank account. They could, however,
issue a Cease and Desist order. Even the court could not freeze the account, but appoint a
receiver)
An associate broker can do all of the following EXCEPT:
(a) Take listings
(b) Prepare closing documents
(c) Pay commissions
(d) Negotiate leases - ANSWER-(c) Pay commissions
According to the rules, the broker must furnish a statement of account showing the current
status of the transaction when:
(a) it is a transaction that will take more than 120 days to conclude.
(b) it is demanded by either party, or 30 days have passed from acceptance.
2|Page
, Sales Utah Law Exam Actual Exam
(c) there is a concern or dispute by one party, doubting that the other party is performing as
required.
(d) thirty days have passed since the offer was accepted. - ANSWER-(b) it is demanded by either
party, or 30 days have passed from acceptance.
Where are the water right records stored?
(a) County Recorder's Office
(b) Water Commissioner's Office
(c) Real Estate Division
(d) State Engineer's Office - ANSWER-(d) State Engineer's Office
The duties of the Real Estate Commissioners include all of the following EXCEPT?
(a) Advising the director.
(b) Regulating property management.
(c) Passing laws relating to the practice of real estate.
(d) Making and enforcing rules and regulations. - ANSWER-(c) Passing laws relating to the
practice of real estate.
A plumber did some work on a home. After waiting a few weeks while the owner kept
promising to pay, the plumber decided to place a mechanic's lien against the property. Which of
the following would accomplish that?
(a) Perfect a lien at the county recorder's office.
(b) File an unlawful detainer with the court.
(c) Sue the owner in small claims court.
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