Free Utah Real Estate Practice Exam

Q1.How many hours of continuing education are required for Utah salesperson license renewal?

• A.12 hours
• B.15 hours
• C.18 hours
• D.24 hours

Q2.A mortgage lender requires additional documentation from an applicant after learning she is pregnant during the loan application process. This action would violate which federal law?

• A.Truth in Lending Act
• B.Real Estate Settlement Procedures Act
• C.Equal Credit Opportunity Act
• D.Fair Housing Act

Q3.A lender denies a loan application and provides an adverse action notice citing 'insufficient income' as the primary reason. Under ECOA, this notice must be provided within what timeframe?

• A.Immediately upon decision
• B.30 days of the decision
• C.60 days of the decision
• D.90 days of the decision

Q4.Under Utah agency law, which duty does a licensee owe to ALL parties in a transaction, regardless of agency relationship?

• A.Loyalty
• B.Confidentiality
• C.Honest and fair dealing
• D.Obedience

Q5.Under Utah law, which form is required to be used by all Utah real estate licensees when representing buyers or sellers in residential transactions?

• A.Utah Residential Purchase Contract (REPC)
• B.National Association of Realtors Purchase Agreement
• C.Custom attorney-drafted purchase agreement
• D.Utah Commercial Purchase Contract

Q6.How many protected classes are recognized under the federal Fair Housing Act?

• A.Five
• B.Seven
• C.Nine
• D.Twelve

Q7.According to Utah regulations, what is the minimum supervision requirement for a newly licensed salesperson?

• A.Daily check-ins for the first 30 days
• B.Review of all contracts and transactions
• C.Weekly meetings for the first 6 months
• D.Reasonable supervision appropriate to the salesperson's experience

Q8.A property has annual property taxes of $3,600. If the tax rate is 1.2%, what is the assessed value?

• A.$300,000
• B.$320,000
• C.$350,000
• D.$360,000

Q9.Under Utah's Fair Housing Act, which of the following is NOT a protected class?

• A.Sexual orientation
• B.Political affiliation
• C.Source of income
• D.Gender identity

Q10.In a joint tenancy, what happens to a deceased tenant's interest in the property?

• A.It passes to the deceased tenant's heirs according to their will
• B.It automatically transfers to the surviving joint tenant(s)
• C.It becomes part of the deceased tenant's estate for probate
• D.It reverts to the original grantor

Q11.Under Utah supervision requirements, when must a principal broker review and approve contracts prepared by supervised salespersons?

• A.Only for transactions over $500,000
• B.Before the contract is presented to clients
• C.Within 48 hours after contract execution
• D.During quarterly file reviews only

Q12.Under the Fair Housing Act, which of the following advertising practices is prohibited?

• A.Describing the physical features of a property
• B.Using the Equal Housing Opportunity logo
• C.Publishing an ad that indicates a preference based on a protected class
• D.Advertising in a language other than English

Q13.Under Utah Real Estate Commission rules, what is the maximum time period a principal broker has to deposit earnest money into a trust account after receiving it?

• A.24 hours
• B.3 business days
• C.5 business days
• D.7 calendar days

Q14.Under Utah law, if a landlord fails to return a security deposit within the required time period, what penalty may apply?

• A.Forfeiture of the entire deposit
• B.Forfeiture of the right to retain any portion of the deposit
• C.Payment of twice the deposit amount
• D.No penalty exists under Utah law

Q15.Under Utah's Condominium Ownership Act, what percentage vote is typically required from unit owners to amend the condominium declaration?

• A.Simple majority (51%)
• B.Two-thirds (67%)
• C.Three-fourths (75%)
• D.Unanimous (100%)