Free Utah State Law Practice Test — LicenseIQ

Question 1

A Utah licensee is prohibited from acting as a limited agent when:

Accepted Answer

R162-2f-401b(1)(o) bars limited agency where the licensee, or an entity in which the licensee is an officer, member, partner, or similar, is a principal. Same-brokerage representation is the ordinary situation in which limited agency with consent is allowed.

Question 2

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.

Question 3

In a life estate, the person who receives the property when the life tenant dies is the:

Accepted Answer

The life tenant has a present interest; the remainderman holds a future interest. If the property returns to the grantor, it is a reversion.

Question 4

To renew on time without a late fee, a Utah licensee's required CE must be completed and banked by:

Accepted Answer

R162-2f-204 requires CE to be completed by the 15th day of the expiration month for a timely renewal. 'The expiration date' is the renewal filing deadline, not the CE deadline.

Question 5

A Utah licensee may NOT act as the real estate agent in a transaction in which the licensee is also the:

Accepted Answer

R162-2f-401b(1)(n) bars acting as agent while also serving as loan originator, appraiser, escrow agent, or title services provider. Ownership requires disclosure but is not this prohibition.

Question 6

Earnest money appears on the closing statement as:

Accepted Answer

Earnest money is a buyer credit and is not shown on the seller's side, because it is already part of the price credited to the seller. Showing it as a seller credit double-counts it.

Question 7

After completing prelicensing education, a Utah applicant must pass both exam portions within:

Accepted Answer

R162-2f-202a requires both components to be passed within 12 months of completing prelicensing education. Six months is the retake window for a failed component, and 90 days is the application window after passing.

Question 8

A listing where the seller may sell themselves without owing commission, but only the listing broker among agents is protected, is:

Accepted Answer

In an exclusive agency listing, the seller pays no commission on a self-sale, but the listing broker is protected if any broker sells it. (Reclassified to section 6 / CORE.)

Question 9

A Utah sales brokerage must maintain a separate property management trust account when it regularly manages:

Accepted Answer

R162-2f-403a(14) and 403b require a separate account at seven or more units. Six or fewer may use the real estate trust account.

Question 10

Under R162-2f-401c, unless an exception applies, a Utah principal broker must deposit client money into a trust account within:

Accepted Answer

R162-2f-401c(1)(h) requires deposit within three business days of receipt. 24 hours is a common guess from other states.

Question 11

Which of the following satisfies the education or competency element for activating an inactive Utah sales agent license?

Accepted Answer

R162-2f-203 accepts an active license at last renewal, 18 hours of CE (9 core including the Mandatory 3-Hour) within two years, or passing the exam within six months. Passing the exam long ago does not count.

Question 12

When the Division requests information in an investigation, a licensee must respond in full within:

Accepted Answer

R162-2f-401a(25) and 61-2f-401 set ten business days. Thirty days is too long.

Question 13

On a closing statement, the purchase price is a:

Accepted Answer

The seller receives the price (credit); the buyer owes it (debit).

Question 14

Which activity may an unlicensed assistant generally perform?

Accepted Answer

Unlicensed staff may perform clerical tasks like typing licensee-prepared ads, but may not compose ads, negotiate or show property.

Question 15

In real estate, the accessibility requirements of the Americans with Disabilities Act apply mainly to:

Accepted Answer

The ADA's accessibility rules primarily cover public accommodations and commercial facilities; housing accessibility is governed mainly by the Fair Housing Act.

Question 16

On the buyer's side of the closing statement, the earnest money deposit and the new mortgage loan are both:

Accepted Answer

Earnest money and loan proceeds are sources of funds that reduce what the buyer must bring, so they are buyer credits.

Question 17

When an owner dies with no will and no heirs, the property passes to the state through:

Accepted Answer

Escheat transfers ownerless property to the state when there is no will and no heirs.

Question 18

Which statement about dual agency is correct?

Accepted Answer

Dual agency creates an inherent conflict; with informed written consent, the agent provides limited representation and must keep each party's confidences.

Question 19

A seller wants to net $250,000 after paying a 6% commission and $6,000 in other closing costs. To the nearest dollar, what must the sale price be?

Accepted Answer

Net + other costs = $256,000, which equals 94% of the price (100% - 6%). Price = $256,000 / 0.94 = $272,340.43, about $272,340. Adding 6% to $256,000 ($271,360) understates the price.

Question 20

A home sells for $400,000 with a 5% total commission. What is the total commission?

Accepted Answer

$400,000 x 0.05 = $20,000.

Question 21

A licensee may manage property for an owner for a fee only if there is:

Accepted Answer

Property management agreements must be written and signed; they make the manager a general agent and define duties, authority and fees.

Question 22

A seller refuses to close on a valid contract. Because each parcel of real estate is unique, the buyer may sue to force the sale through:

Accepted Answer

Specific performance compels the breaching party to perform; it is available because land is unique. The buyer could alternatively seek monetary damages.

Question 23

Which is the most common and desirable way a real estate sales contract terminates?

Accepted Answer

Contracts ideally end by performance. They can also end by mutual agreement, impossibility, operation of law, or breach.

Question 24

A salesperson receives an earnest money check from a buyer. The salesperson should:

Accepted Answer

The broker manages the trust account; licensees must promptly deliver trust funds to the broker.

Question 25

A licensee's advertising must generally:

Accepted Answer

Ads must identify the licensed broker/brokerage; salespersons cannot advertise under only their own name.

Utah real estate state law practice test

1. A Utah licensee is prohibited from acting as a limited agent when:

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

3. In a life estate, the person who receives the property when the life tenant dies is the:

4. To renew on time without a late fee, a Utah licensee's required CE must be completed and banked by:

5. A Utah licensee may NOT act as the real estate agent in a transaction in which the licensee is also the:

6. Earnest money appears on the closing statement as:

7. After completing prelicensing education, a Utah applicant must pass both exam portions within:

8. A listing where the seller may sell themselves without owing commission, but only the listing broker among agents is protected, is:

9. A Utah sales brokerage must maintain a separate property management trust account when it regularly manages:

10. Under R162-2f-401c, unless an exception applies, a Utah principal broker must deposit client money into a trust account within:

11. Which of the following satisfies the education or competency element for activating an inactive Utah sales agent license?

12. When the Division requests information in an investigation, a licensee must respond in full within:

13. On a closing statement, the purchase price is a:

14. Which activity may an unlicensed assistant generally perform?

15. In real estate, the accessibility requirements of the Americans with Disabilities Act apply mainly to:

16. On the buyer's side of the closing statement, the earnest money deposit and the new mortgage loan are both:

17. When an owner dies with no will and no heirs, the property passes to the state through:

18. Which statement about dual agency is correct?

19. A seller wants to net $250,000 after paying a 6% commission and $6,000 in other closing costs. To the nearest dollar, what must the sale price be?

20. A home sells for $400,000 with a 5% total commission. What is the total commission?

21. A licensee may manage property for an owner for a fee only if there is:

22. A seller refuses to close on a valid contract. Because each parcel of real estate is unique, the buyer may sue to force the sale through:

23. Which is the most common and desirable way a real estate sales contract terminates?

24. A salesperson receives an earnest money check from a buyer. The salesperson should:

25. A licensee's advertising must generally:

Sources