Utah 3 Hour Mandatory Residential Core Course

This course was created to provide real estate professionals with 3 credit hours towards their license renewal. There are three main areas of study in the course:

• Agency Basics
• Real Estate Purchase Contract Basics 
• Code Updates and Industry Issues

Under the first topic, we're going to cover the agent fiduciary duties - including loyalty, obedience, and full disclosure - and limited agency. Limited agency can result in a tricky situation when dealing with both the buyer and the seller, so we go in depth on what exactly limited agency is, and the rules that govern this complicated form of agency.

The second topic includes the basics of the Real Estate Purchase Contract, covering a variety of topics, such as earnest money basics, seller disclosures, conditions of purchase, and notices, acceptance, and addenda. The conditions of purchase section explains each of the ways that the buyer can cancel the REPC, and what happens if they do.

The final topic explains self-reporting requirements, the new Rap Back enrollment requirement, advertising basics, and a very important current issue: wire fraud. Wire fraud has become a huge problem not only nationwide, but also here in Utah. In our section on the subject in the course, we dive into what wire fraud is, and include the Utah Department of Commerce tips on wire fraud prevention.

There is a total of three quizzes that each ask 3 questions throughout the course, as well as in-text questions at the end of each lesson. These are meant to help you understand and retain the material.