UTAH REAL ESTATE EXAM
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||ALREADY A+
GRADED||UPDATED 2026/2027
SYLLABUS||<<LATEST VERSION>>
In which of the following business organizations would the personal assets of the
principals be subject to claims of creditors of the organization? - ANSWER ✓ b.
Partnership
If a landlord retains any of a deposit on a residential property, the tenant must be
given an itemized list of the deductions - ANSWER ✓ c. within 30 days of
termination of the lease
If a lease is assigned, the assignee becomes: - ANSWER ✓ a. primarily
responsible for the rent
All of the following could result in termination of a lease, except: - ANSWER ✓
c. use of the premises according to terms of the lease
A holdover tenant may be held liable for: - ANSWER ✓ a. three times the rent
accruing after termination
An adverse possessor who has color of title: - ANSWER ✓ a. must pay taxes
during the adverse possession period of seven years
b. is deemed to be in possession only of the property which is actually enclosed,
cultivated, improved, or irrigated
c. is in possession without a deed, will or other document which supports to
convey title
d. all of the above
The Utah Marketable Title Act provides some protection to property owners who
,have a chain of title which can be traced to a recorded document at least: -
ANSWER ✓ d. 40 years ago
Which of the following are required to take and pass the real estate examination? -
ANSWER ✓ d. A person who negotiates the purchase or sale of a property for
someone else
The Real Estate Commission: - ANSWER ✓ a. consists of five members who are
appointed to four-year terms
A real estate principal broker is alleged to have deposited a client's earnest money
deposit in his personal checking account. If the charge is true, the principal broker
is
guilty of: - ANSWER ✓ b. commingling
If an owner refuses to pay the principal broker an earned commission, the
principal
broker may: - ANSWER ✓ c. file a lawsuit against the owner
Statutory Lien - ANSWER ✓ a lien based on a specific statute entitling the
creditor to the lien if requirements of a statute are met. can be imposed
involuntarily. ex. failing to pay taxes or not paying your contractor
General warranty Deed - ANSWER ✓ most common
offers the highest level of protection against title challenges, granting the highest
level of security. guarantees there are no claims or debts on the property.
covenants: seisin- the grantor has the right to the real estate being granted., quiet
enjoyment- the new title will be unencumbered by the challenges to their
possession, and Defend to title- the grantor with aid the grantee in the event of a
challenge to title.
Special Warranty deed - ANSWER ✓ when the grantor cannot make all the
guarantees of a general warranty deed.
only offers assurances against encumbrances that occurred during the duration of
the grantor's ownership.
Quit Claim Deed - ANSWER ✓ offers NO assurances regarding the properties
ownership. Grantor cannot guarantee that their title is valid or has good market
value.
,pro-fastest transfer of title
right of statutory redemption - ANSWER ✓ allows people who defaulted on their
mortgage to redeem their property within a certain period of time(typically one
year) by paying the amount owed plus interest and other fees. the right only occurs
after a foreclosure sale.
Sherrifs deed and sale - ANSWER ✓ a sheriff's sale is a public auction, property
is sold to the highest bidder to pay off the debt. can be done for a foreclosure or an
abandoned property.
a sheriff's deed transfers the ownership of a property through judicial foreclosure.
Deed of trust - ANSWER ✓ when a deed is used instead of a mortgage. the
borrower(the trustor) conveys ownership of the property to a trustee(third party),
who holds the property in trust for the lender(the beneficiary).
Typically has a power of sale clause which allows the trustee(third party) to sell
the property to avoid foreclosure.
often used in conjunction of a promissory note.
Constructive Notice (Legal Notice) - ANSWER ✓ notice given by the public
records and by visible possession, coupled with the legal presumption that all
persons are thereby notified
Actual Notice - ANSWER ✓ physically serving papers regarding a pending
litigation. can be in person to a responsible party or through certified mail.
chain of title - ANSWER ✓ a complete history of ownership of the property.
Used typically for title search requested by purchasers/lenders.
Abstract of Title - ANSWER ✓ concise document that shows the title history of
the property including who owned the property at what time, deeds recorded,
mortgages, easements, liens, and judgements.
All records are held by the county and are public.
Marketable Title - ANSWER ✓ a title that a court of equity finds free of defects
to the point where it will legally force a buyer to accept it.
devoid of flaws severe enough that a wise buyer would accept the title as-is.
, unmarketable title - ANSWER ✓ a title that contains a severe flaw that a rational
buyer would turn down the title.
it is illegal to sell a piece of land if it has financial liabilities, unless the buyer
agrees to waive them.
can be fixed with a quiet title act.
Quiet title action - ANSWER ✓ Lawsuit in order to establish a party's title.
anyone who "claims" to have title must essentially prove the title.
meant to "quiet" or resolve disputes regarding who has legal rights to the property.
Marketable title act - ANSWER ✓ a statute that automatically revokes a claim of
ownership to a property if it is not claimed within a specified time frame.
utah- unbroken chain of title for 40 years or more.
Title Insurance - ANSWER ✓ a type of insurance policy against third party
claims. In the event of a past liability(unpaid taxes, a lien, etc.) that comes up.
two types:
lenders title insurance-protects the lender
Owners insurance-protections the person who is purchasing the home
Property Valuation - ANSWER ✓ process of obtaining an estimate for the value
of a property.
four aspects: demand, utility, scarcity, and transferability. DUST.
Value: Principle of Conformity - ANSWER ✓ Property value is maximized when
there is similar architecture and land uses with other properties in the area.
Value: The Principle of change - ANSWER ✓ changing economic conditions will
result in fluctuations in property value
Value:The Principle of Substitution - ANSWER ✓ the highest a property will be
limited to the cost of a comparable substitution
Value: Principle of supply and demand - ANSWER ✓ a properties value will be
impacted by the laws of supply and demand. increased supply will decrease
property value. decrease in supply can increase prices.
QUESTIONS WITH CORRECT
SOLUTIONS||100% GUARANTEED
PASS||ALREADY A+
GRADED||UPDATED 2026/2027
SYLLABUS||<<LATEST VERSION>>
In which of the following business organizations would the personal assets of the
principals be subject to claims of creditors of the organization? - ANSWER ✓ b.
Partnership
If a landlord retains any of a deposit on a residential property, the tenant must be
given an itemized list of the deductions - ANSWER ✓ c. within 30 days of
termination of the lease
If a lease is assigned, the assignee becomes: - ANSWER ✓ a. primarily
responsible for the rent
All of the following could result in termination of a lease, except: - ANSWER ✓
c. use of the premises according to terms of the lease
A holdover tenant may be held liable for: - ANSWER ✓ a. three times the rent
accruing after termination
An adverse possessor who has color of title: - ANSWER ✓ a. must pay taxes
during the adverse possession period of seven years
b. is deemed to be in possession only of the property which is actually enclosed,
cultivated, improved, or irrigated
c. is in possession without a deed, will or other document which supports to
convey title
d. all of the above
The Utah Marketable Title Act provides some protection to property owners who
,have a chain of title which can be traced to a recorded document at least: -
ANSWER ✓ d. 40 years ago
Which of the following are required to take and pass the real estate examination? -
ANSWER ✓ d. A person who negotiates the purchase or sale of a property for
someone else
The Real Estate Commission: - ANSWER ✓ a. consists of five members who are
appointed to four-year terms
A real estate principal broker is alleged to have deposited a client's earnest money
deposit in his personal checking account. If the charge is true, the principal broker
is
guilty of: - ANSWER ✓ b. commingling
If an owner refuses to pay the principal broker an earned commission, the
principal
broker may: - ANSWER ✓ c. file a lawsuit against the owner
Statutory Lien - ANSWER ✓ a lien based on a specific statute entitling the
creditor to the lien if requirements of a statute are met. can be imposed
involuntarily. ex. failing to pay taxes or not paying your contractor
General warranty Deed - ANSWER ✓ most common
offers the highest level of protection against title challenges, granting the highest
level of security. guarantees there are no claims or debts on the property.
covenants: seisin- the grantor has the right to the real estate being granted., quiet
enjoyment- the new title will be unencumbered by the challenges to their
possession, and Defend to title- the grantor with aid the grantee in the event of a
challenge to title.
Special Warranty deed - ANSWER ✓ when the grantor cannot make all the
guarantees of a general warranty deed.
only offers assurances against encumbrances that occurred during the duration of
the grantor's ownership.
Quit Claim Deed - ANSWER ✓ offers NO assurances regarding the properties
ownership. Grantor cannot guarantee that their title is valid or has good market
value.
,pro-fastest transfer of title
right of statutory redemption - ANSWER ✓ allows people who defaulted on their
mortgage to redeem their property within a certain period of time(typically one
year) by paying the amount owed plus interest and other fees. the right only occurs
after a foreclosure sale.
Sherrifs deed and sale - ANSWER ✓ a sheriff's sale is a public auction, property
is sold to the highest bidder to pay off the debt. can be done for a foreclosure or an
abandoned property.
a sheriff's deed transfers the ownership of a property through judicial foreclosure.
Deed of trust - ANSWER ✓ when a deed is used instead of a mortgage. the
borrower(the trustor) conveys ownership of the property to a trustee(third party),
who holds the property in trust for the lender(the beneficiary).
Typically has a power of sale clause which allows the trustee(third party) to sell
the property to avoid foreclosure.
often used in conjunction of a promissory note.
Constructive Notice (Legal Notice) - ANSWER ✓ notice given by the public
records and by visible possession, coupled with the legal presumption that all
persons are thereby notified
Actual Notice - ANSWER ✓ physically serving papers regarding a pending
litigation. can be in person to a responsible party or through certified mail.
chain of title - ANSWER ✓ a complete history of ownership of the property.
Used typically for title search requested by purchasers/lenders.
Abstract of Title - ANSWER ✓ concise document that shows the title history of
the property including who owned the property at what time, deeds recorded,
mortgages, easements, liens, and judgements.
All records are held by the county and are public.
Marketable Title - ANSWER ✓ a title that a court of equity finds free of defects
to the point where it will legally force a buyer to accept it.
devoid of flaws severe enough that a wise buyer would accept the title as-is.
, unmarketable title - ANSWER ✓ a title that contains a severe flaw that a rational
buyer would turn down the title.
it is illegal to sell a piece of land if it has financial liabilities, unless the buyer
agrees to waive them.
can be fixed with a quiet title act.
Quiet title action - ANSWER ✓ Lawsuit in order to establish a party's title.
anyone who "claims" to have title must essentially prove the title.
meant to "quiet" or resolve disputes regarding who has legal rights to the property.
Marketable title act - ANSWER ✓ a statute that automatically revokes a claim of
ownership to a property if it is not claimed within a specified time frame.
utah- unbroken chain of title for 40 years or more.
Title Insurance - ANSWER ✓ a type of insurance policy against third party
claims. In the event of a past liability(unpaid taxes, a lien, etc.) that comes up.
two types:
lenders title insurance-protects the lender
Owners insurance-protections the person who is purchasing the home
Property Valuation - ANSWER ✓ process of obtaining an estimate for the value
of a property.
four aspects: demand, utility, scarcity, and transferability. DUST.
Value: Principle of Conformity - ANSWER ✓ Property value is maximized when
there is similar architecture and land uses with other properties in the area.
Value: The Principle of change - ANSWER ✓ changing economic conditions will
result in fluctuations in property value
Value:The Principle of Substitution - ANSWER ✓ the highest a property will be
limited to the cost of a comparable substitution
Value: Principle of supply and demand - ANSWER ✓ a properties value will be
impacted by the laws of supply and demand. increased supply will decrease
property value. decrease in supply can increase prices.
