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

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...

Kentucky State Real Estate Practice Exam #3 With 100% Correct Answers 2023

Kentucky State Real Estate Practice Exam (Ky Law) Questions And Answers 2023

Jenna's firm in Lexington issues a check to First In Line Title Company because it referred a buyer to Jenna and subsequently closed the transaction. The buyer approved the payments. This is an example of _____________. An Illegal Kickback Monty is advertising a number of listings in the local Prospect newspaper and includes the fair housing logo in the ad. What else is required? The Verbiage, "Equal Opportunity Housing" Kentucky licensees Venus and Morgan are both affiliated ...

KY State Exam Practice Questions and Correct Answers Already Passed As a Kentucky listing agent, when are you required to deliver the completed Seller's Disclosure of Property Conditions form to a prospective buyer? A. At closing B. Upon the prospective buyer's request C. When the buyer's loan is approved D. Within 10 days of property conveyance - Answer- B. Upon the prospective buyer's request Which of the following statements is true regarding Kentucky's licensing requi...

Jenna's firm in Lexington issues a check to First In Line Title Company because it referred a buyer to Jenna and subsequently closed the transaction. The buyer approved the payments. This is an example of _____________. - An Illegal Kickback Monty is advertising a number of listings in the local Prospect newspaper and includes the fair housing logo in the ad. What else is required? - The Verbiage, "Equal Opportunity Housing" Kentucky licensees Venus and Morgan are both affiliated with br...

Jenna's firm in Lexington issues a check to First In Line Title Company because it referred a buyer to Jenna and subsequently closed the transaction. The buyer approved the payments. This is an example of _____________. - An Illegal Kickback Monty is advertising a number of listings in the local Prospect newspaper and includes the fair housing logo in the ad. What else is required? - The Verbiage, "Equal Opportunity Housing" Kentucky licensees Venus and Morgan are both affiliated with br...

Jenna's firm in Lexington issues a check to First In Line Title Company because it referred a buyer to Jenna and subsequently closed the transaction. The buyer approved the payments. This is an example of _____________. - Answer An Illegal Kickback Monty is advertising a number of listings in the local Prospect newspaper and includes the fair housing logo in the ad. What else is required? - Answer The Verbiage, "Equal Opportunity Housing" Kentucky licensees Venus and Morgan are both aff...

KY Real Estate Exam Questions and Answers If it is a felony - Answer-A licensee has a duty to report a conviction to the Commission if: 5 years - Answer-Revocation means that the licensee cannot seek reinstatement for how long? He or she moves out of state - Answer-A licensed Commissioner can be removed if: 30 days - Answer-If a tenant leaves owing rent, how long must the landlord wait before removing the deposit and applying the money to the unpaid rent? Yes, with approval from th...

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 - Answer The agent who prepared the offer and the commission he/she will be paid If a person does not renew in the prop...