Ky state real estate exam - Study guides, Class notes & Summaries

Kentucky State Real Estate Practice Exam (Ky Law) Questions And Answers Latest Top Score. The Kentucky Real Estate Commission determined that a buyer was damaged by the fraudulent action of a licensee in the amount of $50,000. If the responsible licensee does not pay the claim, the Commission may pay out from the Real Estate Education, Research, and Recovery Fund a MAXIMUM amount of: - correct answer. $20,000 An action for recovery from the Kentucky Real Estate Education, Res...

Kentucky State Real Estate Practice Exam Already Graded A+ A buyer made an offer on a condominium but had not yet received the Condo Certificate and other documents required by law. If the buyer's offer is accepted, what is the status of the offer? A. The offer will be a valid contract if it is accepted. B. The offer will be void until the Condo Certificate is received. C. The offer will be voidable by the buyer until the Condo Certificate is received and the buyer has five days to re...

Kentucky State Real Estate Practice Exam (KY Law) Complete Guide A broker lists a residence. An acquaintance of the broker employs the broker to purchase the listed house. Before preparing the offer to purchase, which of the following is required of the broker? Written consent for dual agency from both parties A licensee has made an oral agreement to sell a property. The licensee proceeds to advertise in the local newspaper, and receives a full-price offer to purchase. According to Ken...

Kentucky State Real Estate Practice Exam (KY Law) 100% Pass The Kentucky Real Estate Commission determined that a buyer was damaged by the fraudulent action of a licensee in the amount of $50,000. If the responsible licensee does not pay the claim, the Commission may pay out from the Real Estate Education, Research, and Recovery Fund a MAXIMUM amount of: $20,000 An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years f...

Kentucky State real estate practice exam questions and answers | verified

Under Kentucky law, which of the following would not be included in an offer to purchase? A. The purchase price, the amount of the contract deposit and who is to hold the deposit B. Date and time when the offer or counteroffer expires C. The agent who prepared the offer and the commission he/she will be paid D. The closing date and when possession will be given to the buyer - The agent who prepared the offer and the commission he/she will be paid If a person does not renew in the proper tim...

Under Kentucky law, which of the following would not be included in an offer to purchase? A. The purchase price, the amount of the contract deposit and who is to hold the deposit B. Date and time when the offer or counteroffer expires C. The agent who prepared the offer and the commission he/she will be paid D. The closing date and when possession will be given to the buyer correct answersThe agent who prepared the offer and the commission he/she will be paid If a person does not renew in th...

Kentucky State Real Estate Practice Exam (Ky Law) Questions And Answers | 100% Verified

Under Kentucky law, which of the following would not be included in an offer to purchase? A. The purchase price, the amount of the contract deposit and who is to hold the deposit B. Date and time when the offer or counteroffer expires C. The agent who prepared the offer and the commission he/she will be paid D. The closing date and when possession will be given to the buyer - The agent who prepared the offer and the commission he/she will be paid If a person does not renew in the proper tim...

How much of a the fee for every real estate license and license renewal goes to the Kentucky Real Estate Education and Recovery Fund? $30 This agency is responsible for overseeing the licensure and enforcement of real estate agents and brokers in Kentucky. Kentucky Real Estate Commission A person signs a document that contains the name of the borrower, the name of the lender, the amount borrowed, the interest rate, the date the note was signed, and the first payment due date. Thi...