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KY real estate final exam practice Questions and Answers 100% Pass
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KY real estate final exam practice Questions and Answers 100% Pass what happens with a Judicial foreclosure? - ANSWER-the mortgaged property is sold under the supervision of a court broker Dean realizes he has relocation buyers. What is something he should focus on with these buyers? - ANSWER-...

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  • November 4, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • ky real estate final exam practice questions and a

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  • Real Estate
  • Real Estate

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KaylinHoffman

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




KY real estate final exam practice

Questions and Answers 100% Pass


what happens with a Judicial foreclosure? - ANSWER✔✔-the mortgaged property is sold under the

supervision of a court


broker Dean realizes he has relocation buyers. What is something he should focus on with these buyers?

- ANSWER✔✔-finding a property with good resale value


real estate licensees should know enough about building ordinances to be able to... - ANSWER✔✔-alert

clients of potential problems in a home


if an industrial property is described as "special-purpose" it is... - ANSWER✔✔-unsuitable for many uses

and processes.


during the final walk-through a buyer sees that the seller did not remove a downed tree. What is the

best way of handling this? - ANSWER✔✔-at the closing the buyer could ask for a credit from the seller to

remove the downed tree.


what is the main purpose of the Kentucky Real Estate Commission? - ANSWER✔✔-to put into effect and

make known the administrative regulations to effectively carry out and enforce the provisions of the

Kentucky statutes governing real estate.


who must a principal broker supervise in a real estate office? - ANSWER✔✔-all licensees Affiliated to the

principal broker and all other unlicensed employees at that office.




Copyright ©Stuvia International BV 2010-2024 Page 1/11

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


broker Hannah just received a $5,000 escrow money deposit how long does she have to deposit it under

Kentucky law? - ANSWER✔✔-without unreasonable delay


what type of insurance is mandatory for all active licensees? - ANSWER✔✔-errors and omissions

insurance


sales associate Nika is showing a property with an electronic lockbox how should she access the

property? - ANSWER✔✔-by using the eKEY smartphone application


what penalties May a circuit court impose on a person found violating any provision of Kentucky License

Law? - ANSWER✔✔-a fine of between $100 and $1,000 and a jail sentence of up to six months.


why is designated agency a good alternative to traditional dual agency? - ANSWER✔✔-even though the

same broker represent each party, both the buyer and the seller have a licensee who exclusively acts as

their agent in the transaction.


which of the following actions is illegal in Kentucky? - ANSWER✔✔-acting for more than one party in a

transaction with the knowledge of all parties for him a licensee acts


why should broker Taylor create a website for her brokerage? - ANSWER✔✔-to brand her firm with a

visual mission statement.


legislation became effective in July of 1999 that requires a lender to drop the PMI requirement when the

loan-to-value ratio reaches... - ANSWER✔✔-78% of the original value of the property.


before ordering disciplinary action against a licensee, the commission must... - ANSWER✔✔-order a

hearing.




Copyright ©Stuvia International BV 2010-2024 Page 2/11

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