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Kentucky real Estate Practice Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert) $12.99   Add to cart

Exam (elaborations)

Kentucky real Estate Practice Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

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  • Course
  • Kentucky Real Estate
  • Institution
  • Kentucky Real Estate

Kentucky real Estate Practice Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

Preview 4 out of 36  pages

  • August 9, 2024
  • 36
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Kentucky Real Estate
  • Kentucky Real Estate
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Kentucky real Estate Practice Exam.pdf file:///C:/Users/HP/Desktop/TYPA%20NEW/Kentucky%20real%20E




Kentucky real Estate Practice Exam


1. There can be no more than members of any political party serving onthe

Commission at one time.

ANS four



2. A rebate could be

- a TV

-A gift certificate

- a return of paid commissions

-none of the above

ANS a return of paid commissions



3. The Commission has the ability to conduct a(n) when alleged

escrow actions warrant emergency action.

-trial

-dispute





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-investigation

-emergency hearing

ANS emergency hearing



4. The seller's disclosure form must be completed

ANS at the time of the listing



5. A net listing is defined as listing in which the seller obtains a specific priceand the

agent receives

-a state commission

-the rest of the profit

-nothing

-none of the above

ANS the rest of the profit



6. If a Kentucky licensee wants to promote an out-of-state property in the Stateof Kentucky,

they MUST







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-seek permission from that state

-obtain a license in that state

-seek permission from the attorney general

-seek permission from the Commission

ANS seek permission from the Commission



7. Eloise is representing a buyer for a property. The buyer looks at a property that is

actually owned by Eloise and her husband, Lennie and listed by Eloise. Eloise does not

mention this fact to the buyer. Eloise is in violation of licenselaw for

ANS

undisclosed dual agency



8. A licensee must report to the Commission if he or she

-has an errors and omissions claim filed against him or she

-receives a lawsuit in the mail

-leaves the state

-is convicted of the felony

ANS is convicted of the felony





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9. A broker is required to retain which of the following documents form each

transaction?

-closing statements

-agency forms









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