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The average salary of real estate agents in Utah is about $74,794 / year with potential to make six figures. Once you have a Utah real estate license, income potential will depend on the number of transactions completed, the commission paid to the brokerage, and how much is split with the sponsoring broker.
After you complete Real Estate school, in order to be eligible for a license, you need to take the exam. You can find out more about it here. Often times we're asked if it is difficult to pass the test. The answer is no, it's not difficult as long as you're prepared!
The average salary of real estate agents in Utah is about $74,794 / year with potential to make six figures. Once you have a Utah real estate license, income potential will depend on the number of transactions completed, the commission paid to the brokerage, and how much is split with the sponsoring broker.
Colorado is regarded as the hardest state since agents need to cover 160 hours of education, pass two tests, pass a background check, and be fingerprinted.
While not the hardest real estate salesperson exam in the country (that distinction goes to Colorado and Texas,) passing the Utah real estate exam requires a lot of preparation. The biggest percentage of people who pass the exam the first time around are the ones who took the time to adequately prepare.
How to assess a real estate agentWhat's your experience?How will you keep me updated?What are my home's drawbacks?What's your strategy?Do you work alone?How many clients do you represent?Can I see your references?How much do you charge?More items...?
The broker exam consists of 80 general practice questions and 90 State Law questions. Equating is also used to score this examination, but the passing score for brokers is 75. You will receive your score immediately after you complete your exam.
The Utah Real Estate Exam costs $59 for both the state and national sections of the test. This is a two-part exam (national and state) totaling 140 questions and the time allotted is 4 hours.
With two agents or a single agent, which is more common, dual agencies can occur. The seller's agent who also represents the buyer works in a dual agency with a single agent under a dual agency. So dual agency involves one agent in both roles, serving essentially as both the seller's agent and the buyer's agent.
It can be very rewarding if you are prepared to give it all you've got. The Utah real estate market is doing very well right now and more agents are needed to meet the demand for the many buyers and sellers. It is a great time to become a Utah real estate agent.