Unfortunately, a buyer in the real estate world will discover that it is much easier to access apartments and get private demonstrations if they have a prequalification letter. This is a statement from the bank that shows that the buyer is able to obtain financing below their current financial status. Under Utah law, real estate licensees must use this form to confirm the transaction of their owner`s (seller`s) property to another person (buyer). In some cases, the buyer`s ability to meet the conditions set out here depends on the sale of a property that he or she owns. This contingency must be in “VI. Sale of another property. If such a property does not exist or if the buyer`s performance is not dependent on such an event, activate the box instruction “Must not depend on the sale of another property”. Closing costs (i.e. taxes, district fees, etc.) will be consolidated. We do this by marking one of the three control boxes (“buyer”, “seller” and “both parties”) described in the statement in this section. Check one of these control boxes to indicate who is responsible for paying the closing costs of this purchase….