Utah License Law
Under Utah law, when must an agent disclose their license status to a party in a transaction?
AOnly at closing
BBefore entering into a contract with any party✓ Correct
COnly when asked directly by a consumer
DDisclosure is optional for licensed agents
Explanation
Utah licensees must disclose their licensed status before entering into any agreement with a party in a real estate transaction. This ensures consumers know they are dealing with a licensed professional.
People Also Study
Related Utah Questions
- A real estate licensee in Utah who wishes to place their license on inactive status must:Utah License Law
- A Utah real estate licensee's license is on inactive status when:Utah License Law
- A Utah real estate licensee found guilty of fraud may have their license:Utah License Law
- What happens to a Utah real estate license when a sales agent's principal broker dies or has their license revoked?Utah License Law
- In a Utah buyer representation agreement, if the buyer finds a property on their own without the agent's assistance, does the buyer still owe the agent a commission?Agency
Key Terms to Know
Listing Agreement
A contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
ContingencyA condition in a purchase contract that must be satisfied before the sale can proceed to closing.
Purchase AgreementA legally binding contract between a buyer and seller that outlines the terms and conditions of a real estate sale.
AppraisalA professional estimate of a property's market value prepared by a licensed or certified appraiser.
State-Specific Concepts
License Law
Practice More Utah Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Utah Quiz →