Utah Real Estate Sales Agent Exam — All Questions

In a typical Utah residential sale, a sales agent writing an offer will most often use:

• a.A custom contract drafted by the agent
• b.An oral agreement confirmed later in writing
• c.The state-approved Real Estate Purchase Contract (REPC)✓
• d.A form supplied only by the buyer's lender

Utah sales agents typically use the state-approved Real Estate Purchase Contract (REPC) and other Division-approved forms for residential offers. Licensees may complete these standard forms but may not draft complex custom provisions, which would be the unauthorized practice of law.

Earnest money a Utah sales agent receives from a buyer must be:

• a.Delivered promptly to the principal broker for deposit in the brokerage trust account✓
• b.Held by the agent in a personal account until closing
• c.Sent to the Division of Real Estate for safekeeping
• d.Given directly to the seller when the offer is made

Client funds such as earnest money must be handled through the brokerage's real estate trust account, which the principal broker maintains. A sales agent who receives money must deliver it promptly to the principal broker. Commingling or converting trust money is a serious violation of Utah license law.