Utah Real Estate Transaction Forms

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Commonly Asked Questions about Utah Real Estate Transaction Forms

Who can download and use the Utah Association of Realtors forms?

Utah law requires real estate licensees to use this form. Buyer and Seller, however, may agree to alter or delete its provisions or to use a different form.

What is an unrepresented buyer?

An unrepresented buyer in California, also known as a direct buyer or solo buyer, is someone who chooses to purchase a home without the expertise and protection of a buyers agent.

Which of the following persons must have a Utah real estate license in order to transact business?

A Sales Agent or Broker license is required for any individual who, for another and for valuable consideration, engages in property management including advertising real estate for lease or rent, procuring prospective tenants or lessees, negotiating lease or rental terms, executing lease or rental agreements.

What is repc?

This is a legally binding Real Estate Purchase Contract (REPC).

When must the licensee give a copy of the listing agreement to the owner of the property?

When the listing is signed by an authorized licensee member of the brokers staff or by the broker himself, it becomes a (bilateral) contract, with a 5-day management approval contingency. Broker (or brokers agent) must give the seller a copy of the agreement at the time of signing.