US Real Estate Utah Test 8

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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) claim against property for debt

B) deed

C) lease

D) offer

Question 2

Agents in Utah answer to which agency?

A) Utah Real Estate Commission

B) FBI

C) State Senate

D) City Council

Question 3

What is a listing agreement?

A) purchase offer

B) contract to sell a property

C) lease

D) deed

Question 4

What is earnest money?

A) tax

B) buyer good-faith deposit

C) fee

D) commission

Question 5

What is a fiduciary duty?

A) profit first

B) secrecy from client

C) dual profit

D) loyalty, obedience, care to client

Question 6

What is dual agency?

A) one broker representing both sides

B) buyer only

C) two brokers

D) no representation

Question 7

What is the Fair Housing Act?

A) tax law

B) building code

C) bans housing discrimination

D) zoning code

Question 8

What is a mortgage?

A) rent deal

B) deed

C) loan secured by property

D) lease

Question 9

What classes are protected in housing?

A) income

B) politics

C) age only

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

Question 10

What is redlining?

A) surveying

B) illegal denial by neighborhood

C) mapping

D) appraising

Question 11

What is steering?

A) showing homes

B) negotiating

C) advertising

D) guiding buyers by race (illegal)

Question 12

What is a CMA?

A) inspection

B) appraisal

C) survey

D) comparative market analysis

Question 13

What is an appraisal?

A) offer

B) professional value opinion

C) inspection

D) listing

Question 14

What are the three appraisal approaches?

A) sales comparison, cost, income

B) offer, accept, record

C) show, stage, sell

D) list, sell, close

Question 15

What is a fixed-rate mortgage?

A) same rate whole term

B) short term

C) changing rate

D) no interest

Question 16

What is PITI?

A) a deed

B) a tax

C) a loan type

D) principal, interest, taxes, insurance

Question 17

What is LTV?

A) loan-to-value ratio

B) listing traffic volume

C) land title verification

D) lease term value

Question 18

What is PMI?

A) insurance for low down payments

B) title insurance

C) property tax

D) flood insurance

Question 19

What is escrow?

A) tax

B) neutral third-party holding

C) commission

D) down payment

Question 20

What is a deed?

A) offer

B) lease

C) loan paper

D) ownership transfer document

US Real Estate Utah Test 8

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