Ky real estate exam 2024 - Study guides, Class notes & Summaries

KY Real Estate Law - PSI Practice Exam Questions With Correct Answers An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years from actual knowledge of the cause of action or the time when circumstances would reasonably have put the aggrieved party on notice of the cause of action? - answer2 Years The Kentucky Real Estate Commission is responsible for what? - answerProtecting the public interest through regulations...

CE Shop KY Course Final Exams Questions And Correct Answers An appraiser will identify the general and specific data needed for an appraisal. What will determine the type of additional data needed? - answerThe type of property Which of the following is a true statement regarding new construction properties? - answerBoth home inspections and title insurance are recommended. Under which type of buyer agency agreement does a buyer receive the most representation from a single agent? - answer...

KY Real Estate Law - PSI Practice Exam Questions and Answers 2024 Update. KY Real Estate Law - PSI Practice Exam Questions and Answers 2024 Update.

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 toget...

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 ...

KY Salesperson Pre-License Exam Prep Study Guide Solutions Open listing agreement - ANSWER-Only the broker who secures a buyer is owed a commission. If the seller secures the buyer, the seller doesn't owe a commission. Exclusive right to sell and exclusive buyer agency agreements - ANSWER-Provide the highest service to the client and the most protection for the broker's commission Exclusive right to sell/lease agreement - ANSWER-Allows the broker to list the property and receive a c...

MA Salesperson Exam Module 15: Real Estate Licensing Law Exam Study Guide Solutions Board of registration of Real Estate Brokers and Salespersons - ANSWER-enforces the license law o Part of the Division of Professional Licensure o Made up on 5 members appointed by the governor § each member has a 5-year term. § one member's term expires each year § 3 of the members are brokers with at least 5 years of experience § 2 of the members represent the public § One member is appointed c...