Real Estate Exam Utah Law 2024/2025 Already Graded A+

Can the Division of Real Estate free the trust account? {Ans: No. The only pre-investigation action they can take is to either issue a cease and desist, or file an action in court for an injunction on the agent's activities}If a broker sold his own listing and no agent is representing the buyer, how many points did the broker? {Ans: Double}To market timeshares, you must do which of the following? {Ans: Register with the Real Estate Division}How must a complaint against a real estate agent be made? {Ans: In writing}A licensee is sued by several clients for improper conduct. The clients prevail in receiving judgment what is the maximum that will be paid from the Real Estate Recovery Fund for that licensee? {Ans: $50,000}What does a real estate license NOT authorize you to do? {Ans: Sell securities, or interest in REIT's or limited partnerships}How much equity could be projected for the head of the household, spouse and three dependents? {Ans: $40,000}Is Utah a Stigmatized Property Law State? {Ans: No}According to the Real Estate Purchase Contract, if the seller breaches the contract and the buyer accepts liquidated damages, the seller will: {Ans: