Unit 26 Flashcards
When applying for license renewal, a licensee may NOT make what on an application?
A misrepresentation
If a licensee fails to pay a fee that was correctly assessed by the Division, the Division may begin
a collection process.
The Real Estate Licensing and Practices Act is
Utah’s real estate license law.
Contact between the buyer’s agent and the seller can only be allowed through
Homeowner associations, nightly lodging, and landlord/tenant disputes are three things that the Utah Division of Real Estate has
no jurisdiction over.
A licensee cannot enter into an agency relationship with a property owner if
they know or should know the property owner is already in an agency relationship.
Text messages that have the licensee’s name and the name of the licensee’s brokerage attached as a signature or identifier are defined in Utah code as
advertising
Which of the following does a licensee NOT owe their client through agency?
A good attitude
Administrative rules
have the full force and effect of law.
Real estate licensees can only fill out forms for transactions that are
state approved or created by an attorney.
A licensee may NOT put a For Sale sign
on a property they have not listed.
A brokerage agreement that gives the principal broker the sole right to act as a representative for the client in real estate is called
an exclusive brokerage agreement.
The Division must commence a disciplinary action including an investigation no later than
4 years after the day a violation was reported to the Division.
If you are a potential danger to the public as a real estate licensee, you are deemed to be
incompetent.
The brokerage name that a licensee is affiliated with must appear in all ads and the brokerage name must match the name on
file with the Division.
