47- who is who
The Utah Division of Real Estate delivers its newsletter: A: Weekly B: Monthly C: Quarterly D: Semi-Annually
: Quarterly
MLS
A very valuable tool for understanding what's available For your Comparative Market Analysis (CMA) Break down with filters for search Must join a board then you can join MLS
The Real Estate Commission is made up of A: 5 Members B: 6 Members C: 7 Members D: 8 Members
A: 5 Members
A real estate licensee needs a minimum of _________ hours of CORE continuing education in order to renew their real estate license. A: 9 B: 12 C: 18 D: There Is No Minimum Requirement
A: 9
A real estate licensee needs a minimum of _________ hours of ELECTIVE continuing education in order to renew their real estate license. A: 9 B: 12 C: 18 D: There Is No Minimum Requirement
A: 9
Membership in the local, state, and National Association of Realtors® must be renewed: A: Annually B: Every Two Years C: Every Three Years D: Every Four Years
A: Annually
This platform provides accurate and structured information/data about properties for sale: A: MLS (Multiple Listing Service) B: The Realtor Association C: The Brokerage D: None Of The Above
A: MLS (Multiple Listing Service)
In order to be able to use the title "Realtor®," a real estate licensee: A: Must Join The Local, State, And National Association Of Realtors B: Must Join The Local And State Association Of Realtors C: Must Join Only The National Association Of Realtors D: Must Join The Local Multiple Listing Service
A: Must Join The Local, State, And National Association Of Realtors
The Real Estate Commissioner can serve up to 2 terms (8 years): A: True B: False C: Depends On The Regulations For The Term D: Depends On The Cabinet Members
A: True
The Real Estate Commission meetings are open to the PUBLIC: A: True, This Is Good Resource For The General Public To Understand What Was Taking Place B: False, The General Public Was Not Allowed Into The Meetings C: False, Only The Commissioner Meets With The Cabinet Members D: False, Only A Selected Few Individuals Were Allowed Into The Meeting
A: True, This Is Good Resource For The General Public To Understand What Was Taking Place
The website to access past issues of the Utah Division of Real Estate's newsletter can be found at: A: Www.Realestate.Utah.Gov B: Www.Realtor.Org C: Www.Utahrealtors.Com D: Www.Slrealtors.Com
A: Www.Realestate.Utah.Gov
A real estate licensee needs to renew their real estate license: A: Annually B: Every Two Years C: Every Three Years D: Every Four Years
B: Every Two Years
The mission of the Utah Division of real estate is to: A: Protect Real Estate Licensees B: Protect The Public C: Protect Mortgage Licensees D: Protect Appraisal Licensees
B: Protect The Public
In order to renew my real estate license, I need to have completed ALL of my continuing education hours by: A: The 1st Day Of The Month In Which I Need To Renew B: The 10th Day Of The Month In Which I Need To Renew C: The 20th Day Of The Month In Which I Need To Renew D: The Last Day Of The Month In Which I Need To Renew
B: The 10th Day Of The Month In Which I Need To Renew
A real estate licensee needs a minimum of _________ hours of continuing education in order to renew their real estate license? A: 9 B: 12 C: 18 D: 20
C: 18
Which of the following statements is TRUE? A: A Real Estate Licensee Must Join The Local Board Of Realtors B: A Real Estate Licensee Must Join The Local Multiple Listing Service C: A Real Estate Licensee Does Not Have To Join Either The Local Board Of Realtors Nor The Multiple Listing Service D: A Real Estate Licensee Must Abide By The Code Of Ethics
C: A Real Estate Licensee Does Not Have To Join Either The Local Board Of Realtors Nor The Multiple Listing Service
The responsibility for renewing a real estate license on time lies with: A: The Utah Division Of Real Estate B: The Broker C: The Licensee D: The Board Of Realtors
C: The Licensee
License Process
Can be as fast as one day. If there is a question about your past, and remember to stay transparent remember if in doubt, disclose it!
Code of Ethics
Codes of conduct and behavior for professionalism and ethics that we agree to as members of the realtor association and realtor family.
An instructor has how many days in which to bank continuing education credits? A: Same Day B: 3 Days C: 5 Days D: 10 Days
D: 10 Days
The Multiple listing service exists to: A: Provide Its Members With Access To Available Properties For Sale B: Provide Its Members With Past Sold Data And Statistics C: Provide Data Only To Its Paid Membership D: All Of The Above
D: All Of The Above
The National Association of Realtors: A: Is The Largest Trade Organization In The United States B: Provides Market Information And Statistics C: Is Involved In Lobbying Efforts And Government Affairs D: All Of The Above
D: All Of The Above
The Utah Association of Realtors provides: A: Education B: Market Data And Statistics C: Government Affairs D: All Of The Above
D: All Of The Above
The local Realtors Boards and Associations exist to: A: Provide Real Estate Education B: Gather Local Market Statistics C: Provide Access To Supra Key Boxes D: All Of The Above
D: All Of The Above
Complaints against licensees for alleged violation of licensing law are filed with: A: The Local Association Of Realtors B: The Utah Association Of Realtors C: The National Association Of Realtors D: The Utah Division Of Real Estate
D: The Utah Division Of Real Estate
In Utah, complaints against licensees for alleged violation of The Code of Ethics are filed with: A: The Local Association Of Realtors B: The Utah Association Of Realtors C: The National Association Of Realtors D: The Utah Division Of Real Estate
D: The Utah Division Of Real Estate
Utah Division of Real Estate's Role
It is the Real Estate Licensing entity, that grants you the license. The division is a great resource and you can reach out to them with any questions
Through the Division of real
Learn about license fees Once you pass your test and go register with division of real estate, you can start practicing real estate, List of requirements for qualification
3 Most Important Things
License-MLS - Knowledge of Real Estate
Timely Payments
On time payments to the division of real estate (every 2 years) and monthly payments for board dues, monthly MLS dues (if MLS payment is delinquent the MLS can go down for the entire office.)
Real Estate Commissioner
Role 4 year term, up to 8 years Able to address concerns with Division Real Estate Looks at the rules that governs our industry
The Real Estate Office
Sales Agent Associate Broker Branch Broker Principal Broker
Utah Division Of Real Estate's Mission
The mission of the Utah Division of Real Estate is to protect the public and promote responsible business practices through education, licensure, and regulation of real estate, mortgage, and appraisal professionals
Real Estate Commission
There are 5 members of the Real Estate Commission You can earn 2 hours of CE by going to the meetings which are public. Their purpose is to make certain rules are being followed
When filing Complaints:
Utah Association Of Realtors is where you go for arbitration and mediation.
Boards and Brokers
You have to join the boards the broker is associated with, within 30 days of joining that broker.
License Renewal
You need a minimum of 18 hours of continuing education ( 9 hours minimum core and no minimum on electives)to be eligible to renew their real estate license Real Estate License renewal is every 2 years
Value of Membership
Your official member benefits resource, bringing you savings and special offers on products and services just for REALTORS® NAR offers expansive training and education options that cover all areas of real estate
Utah Division of Real Estate
is a Division of the Utah Department of Commerce realestate.utah.gov
REALTOR®
is a license trademark and only obtainable by joining the local, state, and National Association of Realtors
Local Association of REALTORS®
slrealtors.com real estate education Gather local market statistics Provide access to Supra key boxes
Utah Association of Realtors Provides
utahrealtors.com. Education forms UAR Forms available as soon as they are created Sales Statistics, market data Political Advocacy and Awareness Legal Tools a legal hotline Online Legal Library Professional Standards
National Association of Realtors
www.realtor.org Membership required Largest Trade Organization in the Nation Based out of Chicago Illinois Law & Ethics, Dues $120 every January 1. Leadership, Education, Advocacy
