100% satisfaction guarantee Immediately available after payment Both online and in PDF No strings attached
logo-home
KY Real Estate Exam Study Guide Solutions $12.49   Add to cart

Exam (elaborations)

KY Real Estate Exam Study Guide Solutions

 3 views  0 purchase
  • Course
  • Real Estate
  • Institution
  • Real Estate

KY Real Estate Exam Study Guide Solutions Accretion - ANSWER-Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant - ANSWER-Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can ...

[Show more]

Preview 2 out of 11  pages

  • November 4, 2024
  • 11
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers
  • Real Estate
  • Real Estate
avatar-seller
KaylinHoffman
Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




KY Real Estate Exam Study Guide Solutions


Accretion - ANSWER✔✔-Increase of land by deposit of sand or soil washed up naturally from a river, lake

or sea


ADA Tenant - ANSWER✔✔-Tenant with disability. Must accommodate for tenants/residents with

disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do

not have to ask to make changes


Broker's License - ANSWER✔✔-License to act as intermediary on behalf of others for a commission.

Bringing together of parties interested in making a real estate transaction.


Bilateral Contract - ANSWER✔✔-All parties are legally bound to to act as prescribed


Unilateral Contract - ANSWER✔✔-One party is bound to contract or act


Brownfields - ANSWER✔✔-Defunct, derelict, or abandoned commercial or industrial sites, many have

toxic wastes


Condemnation - ANSWER✔✔-Proceeding to exercise the power of eminent domain


Commingling - ANSWER✔✔-Illegal act of placing client or customer funds with personal funds.


Commission Earned - ANSWER✔✔-payment to a broker service for sale or purchase of a property;

usually a percentage




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

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


Cooperative - ANSWER✔✔-Residential multi-unit building whose title is held by a trust or corporation

that is owned and operated for the people living within the building who are the beneficial owners of the

trust or shareholders of the corporation.


Commission Split - ANSWER✔✔-Commission earned from selling a property is split between licensee

and principal broker


Civil Rights Act of 1866 - ANSWER✔✔-An act that prohibits racial discrimination in the sale and rental of

housing


Customer - ANSWER✔✔-The third party nonrepresented consumer for who some level of service is

provided


Client - ANSWER✔✔-The principal


Dual Agency - ANSWER✔✔-Representing both parties for a transaction. Unethical unless both parties

agree to it


Dower and Curtsy - ANSWER✔✔-Dower: Wife acquires property her husband held or acquired during

marriage if he dies.


Curtsy: A life estate given to surviving husband in real estate owned by his deceased wife


Deed IN Trust - ANSWER✔✔-Grants a trustee under a land trust full of power to sell, mortgage, and

subdivide a parcel of real estate. The beneficiary controls the trustees use of these powers.


Trust Deed; Deed OF Trust - ANSWER✔✔-Used to create a mortgage lein by which the borrower conveys

title to a trustee (third party) who holds it as security for the benefit of the note holder (lender)


Delivery & Acceptance - ANSWER✔✔-Title is delivered by grantor and accepted by grantee


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

The benefits of buying summaries with Stuvia:

Guaranteed quality through customer reviews

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

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

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 KaylinHoffman. 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.

Can Stuvia be trusted?

4.6 stars on Google & Trustpilot (+1000 reviews)

80796 documents were sold in the last 30 days

Founded in 2010, the go-to place to buy study notes for 14 years now

Start selling
$12.49
  • (0)
  Add to cart