Unit 24 Flashcards
The Utah Real Estate Commission is composed of five members with different backgrounds. Four hold an active real estate license from the Division, while the fifth is a member of
the general public.
Sales agents and associate brokers perform their work under supervision of the principal broker. Sales agents may be supervised by an associate broker if they work together at
a branch office.
Licensees may be asked to surrender their license due to misbehavior or violation of practices. The surrender of a real estate license is
public information.
The principal broker dies while holding the licenses of about 50 sales agents. Without a broker, the 50 licensees can’t work and have open transactions. The Division, when notified, will
appoint a qualified person to sub for the broker.
Which real estate license in Utah can hold the licenses of other licensees and employ them?
Principal broker
A dual broker licensee in Utah can open a traditional real estate office selling property and open an office for
property management.
A real estate licensee has 10 days to notify the Division of which of the following?
Change of address
In Utah, a governing body that can make an exception for an individual to be licensed at their discretion is the
Real Estate Commission.
To activate an inactive license, the applicant must show proof they were active at their last renewal date and, if so, also demonstrate they are current on their
continuing education.
Which of the following on an application would lead to an immediate denial?
A recent criminal conviction for mishandling funds and fraud
What system do licensees use to update licensee information?
Real Estate Licensing Management System
The Utah Real Estate Commission meets, at a minimum,
once a month.
Who can sue for commissions in Utah?
Principal broker
Unless a person is licensed in Utah, it is unlawful for them to act as a principal broker, associate broker, or
a sales agent.
Utah real estate license are valid for
two years.
Applicants for a broker license in Utah must have at least three years of
full-time experience as a sales agent.
A regular salaried employee of the Department of Transportation is asked to purchase a home for road expansion. To purchase this house, the employee would be considered
exempt from licensure.
Referrals by the Division of Real Estate may be made to the Utah attorney general if a licensee has been accused of unlawful conduct that goes beyond fines and
license revocation.
The Utah Division requires applicants to first complete a Division-approved prelicense education program of
120 hours.
A person who is employed by a company is asked by the company to sell a parcel of the company’s real estate. This is acceptable to Utah given the employee is
exempt from licensing.
