US Real Estate Utah Advanced Test 8

Real Estate » Category

Author: TestGru Team (Education Specialist)

20 questions · All questions on one page

Prepared with up-to-date content

Real Estate — Utah Professional (Real Estate, USA) USA — Utah State Real Estate License — USA

What is this test? for Real Estate Salesperson/Broker prep, USA (national + state law) — Professional (Real Estate, USA) level, USA — Utah.
For adults preparing for Real Estate license in the USA
Section: Real Estate — Utah · Education: Professional (Adult) · Part: Real Estate — Utah · Country: USA · Region: USA — Utah

Finance and real estate acumen covers markets, valuation, contracts, and budget management.

This test is designed to reinforce core concepts and help you succeed on your exams.

By solving this test of 20 questions, you can both test your knowledge and identify the topics you need to improve.

Question 1

What is a lien?

A) deed

B) lease

C) offer

D) claim against property for debt

Question 2

What is agency in real estate?

A) zoning

B) broker acting for a client

C) ownership

D) tenancy

Question 3

What is a listing agreement?

A) contract to sell a property

B) purchase offer

C) lease

D) deed

Question 4

What is earnest money?

A) buyer good-faith deposit

B) commission

C) fee

D) tax

Question 5

What is a fiduciary duty?

A) profit first

B) dual profit

C) secrecy from client

D) loyalty, obedience, care to client

Question 6

What is dual agency?

A) buyer only

B) two brokers

C) one broker representing both sides

D) no representation

Question 7

What is the Fair Housing Act?

A) tax law

B) zoning code

C) building code

D) bans housing discrimination

Question 8

What is a mortgage?

A) loan secured by property

B) deed

C) lease

D) rent deal

Question 9

What classes are protected in housing?

A) age only

B) income

C) race, color, religion, sex, handicap, family, national origin

D) politics

Question 10

What is redlining?

A) mapping

B) appraising

C) surveying

D) illegal denial by neighborhood

Question 11

What is steering?

A) negotiating

B) advertising

C) guiding buyers by race (illegal)

D) showing homes

Question 12

What is a CMA?

A) appraisal

B) inspection

C) comparative market analysis

D) survey

Question 13

What is an appraisal?

A) listing

B) professional value opinion

C) inspection

D) offer

Question 14

What are the three appraisal approaches?

A) show, stage, sell

B) list, sell, close

C) sales comparison, cost, income

D) offer, accept, record

Question 15

What is a fixed-rate mortgage?

A) changing rate

B) same rate whole term

C) no interest

D) short term

Question 16

What is PITI?

A) a deed

B) principal, interest, taxes, insurance

C) a tax

D) a loan type

Question 17

What is LTV?

A) land title verification

B) loan-to-value ratio

C) listing traffic volume

D) lease term value

Question 18

What is PMI?

A) insurance for low down payments

B) flood insurance

C) title insurance

D) property tax

Question 19

What is escrow?

A) neutral third-party holding

B) tax

C) down payment

D) commission

Question 20

What is a deed?

A) loan paper

B) ownership transfer document

C) offer

D) lease

US Real Estate Utah Advanced Test 8

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