Free Utah Real Estate Practice Test (2026) — LicenseIQ

Question 1

Under the Code of Ethics, a REALTOR may NOT:

Accepted Answer

Article 15 prohibits knowingly or recklessly making false or misleading statements about other real estate professionals.

Question 2

In an option to purchase, the seller who grants the option is the ____ and the option holder is the ____.

Accepted Answer

The seller (optionor) gives the option; the buyer (optionee) holds it. Only the optionor is bound during the option period, making it unilateral.

Question 3

A broker received a 4.2% commission totaling $12,600. What was the sale price?

Accepted Answer

Sale price = commission / rate = $12,600 / 0.042 = $300,000.

Question 4

Under R162-2f-401l, an inducement gift from a licensee to a buyer is permissible and not illegal commission sharing if it:

Accepted Answer

The rule conditions inducement gifts on compliance with applicable loan underwriting guidelines. It sets no dollar cap.

Question 5

Under the Utah REPC, the buyer must deliver the earnest money deposit no later than:

Accepted Answer

The REPC's earnest money paragraph says four calendar days after Acceptance. Three business days is the rule's default broker deposit period, not the buyer's delivery deadline under the REPC.

Question 6

A buyer's 10-day inspection contingency expires without the buyer acting on serious issues found in the report. The buyer generally:

Accepted Answer

Contingencies have deadlines; once the period lapses without action, the buyer's protection on that item ends.

Question 7

The tenant's right to possess and use the leased premises without interference by the landlord is the covenant of:

Accepted Answer

Quiet enjoyment protects the tenant's undisturbed possession during the lease term.

Question 8

The periodic report a property manager gives the owner showing rents and other income collected and expenses paid for the period is the:

Accepted Answer

The income statement (P&L) summarizes income and expenses for the accounting period, typically monthly.

Question 9

In a commercial building, the area that includes the tenant's usable space plus a share of common areas such as lobbies and hallways is the:

Accepted Answer

Rentable area = usable area plus a pro rata share of common areas, so it is always larger than usable area.

Question 10

A building has a no-pets policy. An applicant who is blind has a guide dog. The property manager must:

Accepted Answer

Fair housing law requires reasonable accommodations for persons with disabilities, including service animals despite no-pet rules.

Question 11

A licensee commits a violation knowing the owner is 70 years old, and gains $4,000. The maximum civil penalty per violation is:

Accepted Answer

The cap is the greatest of $5,000, $10,000 for owners 65 or older, or the $4,000 gain, so $10,000. $5,000 ignores the elder enhancement.

Question 12

Recording a deed in the county records primarily serves to:

Accepted Answer

Recording provides public (constructive) notice, protecting the owner's interest against later claims.

Question 13

The maximum the Utah Recovery Fund pays for a single transaction is:

Accepted Answer

61-2f-506(3)(c) caps a single transaction at $15,000. $50,000 is the per-licensee aggregate.

Question 14

A Utah buyer neither cancels nor resolves objections by the Due Diligence Deadline. Under the REPC:

Accepted Answer

REPC Section 8.1(c) deems the condition waived and the deposit non-refundable, except as provided in 8.2(a) and 8.3(b)(i). Automatic termination with refund is the opposite of the form's effect.

Question 15

To advertise another brokerage's listing, a Utah licensee needs written consent from:

Accepted Answer

R162-2f-401b(1)(q) requires written consent of the owners and of the listing broker if the property is listed. The owner's consent alone is not enough.

Question 16

A licensee will receive a $200 fee from a home warranty company in a transaction. Utah rules require the licensee to:

Accepted Answer

R162-2f-401a(16) requires written disclosure to each party of compensation beyond the commission and that it be paid to the principal broker. Only lender and mortgage broker referral fees are flatly banned.

Question 17

Under the Code of Ethics, commission disputes between REALTORS associated with different firms are generally resolved through:

Accepted Answer

Article 17 requires REALTORS to mediate or arbitrate contractual and specific non-contractual disputes with other REALTORS through the association.

Question 18

Under the Housing for Older Persons Act, a '55 and older' community generally requires that:

Accepted Answer

55+ housing requires at least 80% of occupied units to have one resident 55+; 62+ housing requires all residents to be 62+. The exemption applies only to familial status.

Question 19

A candidate passes the second exam portion on August 10, 2026. Ignoring weekend or holiday adjustments, the license application is due by:

Accepted Answer

The application must be submitted within 90 days of passing both components, and August 10 plus 90 days is November 8, 2026. September 9 is only 30 days out.

Question 20

Property taxes are paid in arrears (after the tax period). At a mid-year closing, the seller's share of unpaid taxes appears as:

Accepted Answer

When taxes are paid in arrears, the buyer will pay the full bill later, so the seller is charged (debit) and the buyer credited for the seller's portion.

Question 21

A chronological summary of all recorded documents affecting a property's title, such as deeds, mortgages and liens, is a(n):

Accepted Answer

The abstract summarizes the recorded history; the chain of title lists successive owners; an attorney's opinion of title evaluates it.

Question 22

Under federal law, a buyer of a pre-1978 home must be given an opportunity to conduct a lead-based paint inspection of at least:

Accepted Answer

The Lead-Based Paint Disclosure Rule gives buyers a 10-day opportunity to inspect, which may be lengthened, shortened by agreement, or waived.

Question 23

Under the Utah REPC, property taxes and HOA dues are prorated as of:

Accepted Answer

REPC Section 4.1 prorates as of the Settlement Deadline in Section 24(d). Possession date is a common but incorrect guess.

Question 24

An investment property with NOI of $63,000 sells for $900,000. What is the capitalization rate?

Accepted Answer

Cap rate = NOI / value = $63,000 / $900,000 = 0.07 = 7%.

Question 25

For violations by affiliated licensees, a Utah principal broker may be fined up to how much per violation under 61-2f-406?

Accepted Answer

61-2f-406 authorizes fines up to $5,000 per violation against the principal broker. $50,000 is the Recovery Fund per-licensee cap.

Utah real estate practice test

1. Under the Code of Ethics, a REALTOR may NOT:

2. In an option to purchase, the seller who grants the option is the and the option holder is the .

3. A broker received a 4.2% commission totaling $12,600. What was the sale price?

4. Under R162-2f-401l, an inducement gift from a licensee to a buyer is permissible and not illegal commission sharing if it:

5. Under the Utah REPC, the buyer must deliver the earnest money deposit no later than:

6. A buyer's 10-day inspection contingency expires without the buyer acting on serious issues found in the report. The buyer generally:

7. The tenant's right to possess and use the leased premises without interference by the landlord is the covenant of:

8. The periodic report a property manager gives the owner showing rents and other income collected and expenses paid for the period is the:

9. In a commercial building, the area that includes the tenant's usable space plus a share of common areas such as lobbies and hallways is the:

10. A building has a no-pets policy. An applicant who is blind has a guide dog. The property manager must:

11. A licensee commits a violation knowing the owner is 70 years old, and gains $4,000. The maximum civil penalty per violation is:

12. Recording a deed in the county records primarily serves to:

13. The maximum the Utah Recovery Fund pays for a single transaction is:

14. A Utah buyer neither cancels nor resolves objections by the Due Diligence Deadline. Under the REPC:

15. To advertise another brokerage's listing, a Utah licensee needs written consent from:

16. A licensee will receive a $200 fee from a home warranty company in a transaction. Utah rules require the licensee to:

17. Under the Code of Ethics, commission disputes between REALTORS associated with different firms are generally resolved through:

18. Under the Housing for Older Persons Act, a '55 and older' community generally requires that:

19. A candidate passes the second exam portion on August 10, 2026. Ignoring weekend or holiday adjustments, the license application is due by:

20. Property taxes are paid in arrears (after the tax period). At a mid-year closing, the seller's share of unpaid taxes appears as:

21. A chronological summary of all recorded documents affecting a property's title, such as deeds, mortgages and liens, is a(n):

22. Under federal law, a buyer of a pre-1978 home must be given an opportunity to conduct a lead-based paint inspection of at least:

23. Under the Utah REPC, property taxes and HOA dues are prorated as of:

24. An investment property with NOI of $63,000 sells for $900,000. What is the capitalization rate?

25. For violations by affiliated licensees, a Utah principal broker may be fined up to how much per violation under 61-2f-406?

Sources