Utah 3-Hour Residential Mandatory Core Course

This course was created to provide real estate professionals with 3 credit hours towards their license renewal. The class covers such topics as agency basics, limited agency, real estate purchase contract basics, seller disclosures, conditions of purchase, and wire fraud prevention, along with a review of new and revised administrative rules for 2024.  

The first hour of the class covers what agency is, the fiduciary relationship and the affirmative duties of the licensee, as well as limited agency, the Limited Agency Consent Agreement form, and the obligations of a limited agent 

The second hour of the class covers the REPC, including earnest money basics (including procedures when depositing earnest money with a title company), what the seller is required to disclose as well as what constitutes material information, and the conditions of purchase in the REPC, defining the due diligence condition, appraisal condition, and financing condition. It finishes with the requirements for notices, acceptances, and addenda, including a brief discussion of counteroffers, including the requirements for notices, acceptances, and addenda. 

The final hour presents changes to the Administrative Code in 2024, common Department of Real Estate complaints, including the industry issues of advertising through social media, inducements and gifts, and advertising another team’s listing. The class wraps up with a discussion of current industry issues, such as recordkeeping requirements for Agents and Brokers, grounds for actual disciplinary actions, property management - including the use of unlicensed assistants, fraud prevention, and other recent licensee sanctions.