EstatePass
Practice of Real EstateMEDIUMFREE

Utah License law prohibits which of the following?

2:35
0 views

Question & Answer

Review the question and all answer choices

A

Net listings

Correct Answer
B

Open listings

Open listings are permitted in Utah. In an open listing, a seller can work with multiple agents, but only the agent who brings the ready, willing, and able buyer earns the commission. This type of listing doesn't create the same conflict of interest as net listings.

C

Exclusive Agency

Exclusive Agency listings are legal in Utah. In this agreement, the seller works exclusively with one agent but reserves the right to sell the property themselves without paying a commission.

D

MLS listings

MLS listings are standard practice in Utah and most other states. These are properties listed in the Multiple Listing Service, a database of properties shared among real estate professionals to facilitate cooperation and sales.

Why is this correct?

Net listings are prohibited in Utah.

Ready to Ace Your Real Estate Exam?

Access 2,000+ free video lessons covering all 11 exam topics.