Real Estate Practice Final Three exam 2024 with verified solutions

Agent George is developing a new ad for a property that he listed. Which of the following advertisements is correct correct answersWarren Buffett, Principal Broker Estate for years, estate from period to period, estate at sufferance and estate and estate at will are examples of correct answersnon freehold estates A person passed his real estate exam on April 30th. On July 15 all documents were sent to the BREP to get his license. The person will discover that correct answersHe will need to pass the test again Mr. Money listed his property with DEF Realty and the property has not sold. Two weeks before his listing expires, he contacts an Agent Judy with JKL Realty. He explains that his listing expires in two weeks and he would like to list with JKL Realty. Agent Judy correct answerscan meet with Mr. Money and write the listing to become effective at the expiration of his current listing. At an auction two siblings who hate each other bid on the family farm. One sibling purchased the farm for $250,000. The appraisal indicated that the value was $225,000. The $250,000 price that the sibling paid for the property is an example correct answerssubjective value Under Kentucky law a discussion or correspondence between a license and an identified prospective party involving the licensee's services related to a mutually -contemplated real estate transaction is the definition of correct answerscontact ABC Realty want to advertise the listings of XYZ Realty. This is correct answerspermissible as long as XYZ provides consent and XYZ's complete information is included Police power, eminent domain, taxation and escheat are correct answersgovernment powers are imposed for the general welfare of the public. Which of the following is false regarding the Kentucky Uniform Landlord Tenant laws? correct answersThe real estate licensee must obey the laws only if the principal broker requires him/her to do so