Frequently Asked Questions

FAQ

What major is Utah Valley University known for?

Top Ranked Majors

• Liberal Arts and Humanities. 5,486 Graduates.
• Business. 1,246 Graduates.
• Psychology. 413 Graduates.
• Professional Pilot. 330 Graduates.
• Biology. 300 Graduates.
• Design and Visual Communications. 265 Graduates.
• Criminal Justice and Law Enforcement Administration. 232 Graduates.
• Fire Science and Fire Fighting.

How hard is it to get into UVU?

The acceptance rate at Utah Valley University is 100%.

They accept nearly all students, so for the most part, you just need to submit an application to get in. But if you don't meet all their application requirements, you'll be one of the very few people who gets rejected.

What is the minimum GPA to get into UVU?

GPA of 2.8* If the cumulative GPA is below a 3.0, but no lower than a 2.8, then a calculation on the last 60 hours (90 quarter hours) of undergraduate work will be conducted. This calculation must be a 3.0 or better to qualify the application to be reviewed by the admissions committee.

Is UVU cheaper than BYU?

The average UVU undergraduate earns $43,800 within 10 years of graduating, and the average annual cost to attend UVU is $12,921. According to the ranking, the average cost of attending BYU is $18,136 with the median earnings after 10 years for students coming out at $59,700.

How often do you need to renew your real estate license in Utah?

Every 2 years

A Utah real estate license and broker license needs to be renewed every 2 years. Prior to renewing your license, 18 hours of continuing education need to be completed.

What disqualifies you from getting a real estate license in Utah?

Have a high school diploma or equivalent. No record of a felony within the last five (5) years. No misdemeanors involving fraud, misrepresentation, theft, or dishonesty within the last three (3) years. Must meet the statutory licensing qualifications of honesty, integrity, truthfulness, reputation, and competency.

How many years must a broker retain all documentation relating to real estate activity?

A licensed broker must retain for three years copies of all listings, deposit receipts, canceled checks, trust account records, and other documents executed by or obtained by the broker in connection with any transaction for which a license is required.

How long must the broker maintain records of all his or her sales transactions?

The DRE requires that transaction files be retained for three years. This retention period begins as of the date of the closing of the transaction, or if there is no closing from the date of the listing.

How long should records related to a real estate firm's trust accounts be retained in Washington?

Seven (7) years

The RPC require you maintain records about trust accounts and property that you safeguard for at least seven (7) years.

How long does a real estate broker have to keep records in California?

Three years

Per California Business & Professions Code §10148, licensed real estate brokers are required to retain copies of all listings, deposit receipts, canceled checks, trust records and any additional documents they execute or obtain whilst conducting real estate business for three years.

How long do you have to keep brokerage records?

Your brokerage firm is not required to keep such records indefinitely, so it's smart to hold onto this information yourself for at least three years after you've sold an investment. Copies of your federal and state tax returns going back seven years, along with supporting documentation.

What are the continuing education requirements for real estate in Utah?

Utah Real Estate: All

Utah Real Estate Agents/Brokers are required to take 18 continuing education hours every 24 months. 9 of the 18 hours must be in approved CORE topics (and 3 of the 9 required core topics must be satisfied by completing a Division approved 3-hr mandatory course).

Where to take real estate test salt lake

Can I renew my real estate license after it expires in Utah?	24 hours of Real Estate CE Courses are required for renewals 30 days past expiration and 42 hours of Real Estate CE Courses are required for renewals six months past due. Licenses expired for more than a year are not eligible for renewal, Utah requires that agents and brokers apply as new applicants.
How early can I renew my real estate license in Utah?	How do I renew my Utah real estate license? Licenses can be renewed no sooner than 6 weeks prior and no later than the expiration date.
How many hours of continuing real estate education are licensees required to complete each year to maintain their licenses in Montana?	12 hours The Montana Board of Realty Regulation (BRR) requires 12 hours of qualified real estate continuing education per licensing year.
How long does a house stay in pre foreclosure in Florida?	Pre-Foreclosure Phase: 30 – 120 Days In Florida, the pre-foreclosure phase generally begins when a borrower has failed to make mortgage payments for 30 days, and the lender decides to initiate the foreclosure process.
Can you sell a property before foreclosure in Florida?	Yes, you can sell a property before foreclosure in Florida if you can find a buyer who is willing to pay enough to satisfy your mortgage debt and any other liens on your property.
How does pre foreclosure work in Florida?	Pre-Foreclosure is essentially a grace period during which the homeowner is given time to respond to the foreclosure notice. In Florida, this period is generally within 20 to 45 days of the date that the bank served the notice.
What is the redemption period in Florida?	Typically, the court has 10 days after the foreclosure sale date to approve the sale. During those 10 days, the borrower has the right to redeem the property by paying all outstanding loan amounts, fees and costs.
What are the foreclosure laws in Florida?	Foreclosure procedures in Florida are all Judicial Foreclosures controlled by the courts. The lender must sue the borrower and obtain an order to foreclose. Depending on the court schedule and load, it normally takes from 180 to 200 days to complete the foreclosure process in Florida.
What does pre-foreclosure NOD mean?	Notice of default What does pre-foreclosure NOD mean? NOD stands for notice of default. The NOD letter informs the mortgagee that the lender is planning on foreclosing in response to late payments.
How to negotiate a pre-foreclosure?	Understand what preforeclosure means. Know the difference between preforeclosure and short sale. Know that the homeowner has options. Understand what kind of discount you could get. Know how to find preforeclosures. Get yourself pre-approved. Sweeten the deal with earnest money. Do your due diligence.
How long does a house stay in pre-foreclosure in New York?	New York requires a pre-foreclosure notice at least 90 days before starting legal action against a borrower. The notice informs you that you have overdue payments and seeks arrangements for you to make those payments.
Does pre-foreclosure affect credit?	Even if the lender doesn't foreclose on your property, preforeclosure can have a negative impact on your credit since "missed mortgage payments will be reported to the credit bureaus," Capozzolo says. Since your payment history accounts for 35% of your FICO score, missed payments of any kind hurt your credit.

• What is the difference between a foreclosure and a preclosure?

  • Foreclosure, Pre-closure, or Full Prepayment: Foreclosure, also known as Pre-Closure, is making a pre-payment in full of the outstanding principal amount in a single installment before the end of the loan term. In this option, post payment of the entire outstanding amount, the loan account is closed.

• Can a foreclosure sale be reversed in Florida?

  • Answer. No, you can't get the home back after the foreclosure is over. But you have up until the later of when the court clerk files the certificate of sale or until the time specified in the foreclosure judgment, to pay off the full amount of the unpaid loan and keep the house.

• How do I stop a foreclosure sale in Florida?

  • Avoiding a Foreclosure

    As a homeowner in Florida, there are several ways to avoid the foreclosure process. If a homeowner acts quickly they can obtain government relief, work out a loan modification, reinstate the loan, redeem the property before the sale or file for bankruptcy.

• What is a motion to dismiss foreclosure in Florida?

  • A motion to dismiss can stop a foreclosure lawsuit altogether, if the plaintiff did in fact fail to meet its lawful responsibilities in bringing the lawsuit.

• Can you sell house while in foreclosure in Florida?
  • Absolutely! It is indeed possible to sell a house in foreclosure in Florida. However, you must secure a signed offer for your property before the scheduled auction date. To begin the process, take the first step by requesting a complimentary CASH offer right away.

• What is the right of redemption after foreclosure sale in Florida?

  • Typically, the court has 10 days after the foreclosure sale date to approve the sale. During those 10 days, the borrower has the right to redeem the property by paying all outstanding loan amounts, fees and costs.

• Where is the best place to find pre foreclosure listings?

  • Public Records. You can access pre foreclosure listings at no cost by visiting your county recorder's office. In the public records section, look for Notice of Sale, Lis Pendens, and Notice of Default. These are notices sent to the property owner and publicly recorded in the foreclosure proceedings.

• How do you market a pre foreclosure?
  • 1. Be compassionate, don't be predatory.
    2. Lead in softly, don't jump right into the issue of pre foreclosure.
    3. Know your data, don't engage without knowing the situation.
    4. Build rapport over a period of time, don't take a one-and-done approach.
    5. Interact face-to-face, don't hide behind technology.
• What does pre foreclosure NOD mean?

  • Notice of default

    What does pre-foreclosure NOD mean? NOD stands for notice of default. The NOD letter informs the mortgagee that the lender is planning on foreclosing in response to late payments.

• Does pre foreclosure affect credit score?

  • Being in pre-foreclosure does affect your credit scores. To what extent your score will fall depends on various factors, like how far behind on payments you are, whether you file for bankruptcy, and whether the foreclosure is completed.

• How do I find repossessed houses in my area?

  • How do you find repossessed properties? Most repossessed properties can be found through the website of banks and lending institutions. There are also property listing websites that provide leads to repossessed homes and properties. It's important to note that both buyers and sellers can use these sites.