Kentucky Real Estate License Exam Questions With Verified Answers
30 views 0 purchase
Course
Kentucky Real Estate
Institution
Kentucky Real Estate
which of the following statements is true about the Kentucky Statute of frauds and the sale of real estate? - Answer all essential terms of the contract must be in writing
which of the following statements is true regarding Kentucky real estate brokerages? - Answer the principal broker may choos...
Kentucky Real Estate License Exam Questions With Verified Answers which of the following statements is true about the Kentucky Statute of frauds and the sale of real estate? - Answer all essential terms of the contract must be in writing
which of the following statements is true regarding Kentucky real estate brokerages? - Answer the principal broker may choose to use designated agency, dual agency, without designated agency or no dual agency at the brokerage
if the licensee can't pay or refuses to pay an aggrieved party after being found guilty of fraud in Kentucky,
who pays the aggrieved party? - Answer KREC
In Kentucky, a revoked license may only be reinstated after. yrs and with KREC'S approval - Answer Five
the kentucky real estate commission has the power to escrow accounts to verify proper handling of earnest money - Answer Examine and audit
what extension does KREC grant for failure to meet the post licensing requirements? - Answer No extension
in Kentucky real estate commission is empowered to do all things necessary under cht 324 of the kentucky revised statutes to. public's interest by regulating, testing, and licensing kentucky real estate professionals. - Answer Protect
which of the following statements is true of kentucky sales associates? - Answer with KREC pemission, they may manage a branch office within a 100-mile radius of the main office if they have two years of recent real estate experience
the KREC Exclusive rights to sell agency contract is a legally binding contract once it's signed by - Answer the seller, principal broker, and authorized agent KREC cancelled Holly's license because she didn't complete the 48-hour post-licensing education requirement. What does this mean for her? - Answer she'll need to start all over again by meeting the pre-licensing requirements, including completing all pre-licensing course, passing the state exam, and paying the required application fees.
after a Kentucky seller client has completed and signed the seller's disclosure of property conditions form, who keeps the original? - Answer listing agent's broker
licensees who fail to complete the post-license education requirements will have their license automatically _____________. - Answer Cancelled
which of the following compensations may a Kentucky broker pay to a Tennessee license? - Answer a referral fee and/or a commission
the maximum recovery fund compensation that may be granted on behalf of multiple aggrieved parties against one licensee i Kentucky is _________. - Answer $50,000
Tillie has a mortgage contingency in her Kentucky sales contract with the seller. Based on this information, which of the following statements is true? - Answer If tillie can't meet the terms of the agreement due to the inability to obtain a loan, the agreement is terminated.
as a Kentucky listing agent, when are you required to deliver the completed seller's disclosure of property conditions form to a prospective buyer? - Answer upon the prospective buyer's request
based on what you know about Kentucky statutes of frauds and real estate sales contracts, which of the following statements is true? - Answer oral contracts for the sale of real estate are prohibited
Kentucky's top notch realty is opening a branch office five miles from the main location. which of the following individuals may seek KREC's permission to manage the branch location? - Answer Jason, a sales
associate who's worked full-time for the firm for the past two years.
Your Kentucky brokerage firm's administrative assistant wants ti make room for newer files by moving
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card or Stuvia-credit for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller Grademasters. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for $12.49. You're not tied to anything after your purchase.
