Ky real estate - Study guides, Revision notes & Summaries

Ky Real Estate Exam Guide Questions and CORRECT Answers Land rights - CORRECT ANSWER- Surface, all natural things attached to it, subsurface, and air above the surface Real estate rights - CORRECT ANSWER- Land + man made permanent attachments Real property rights - CORRECT ANSWER- Real estate + bundle rights

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...

KY Real Estate Exam Questions with Answers Fee SImple Determinable - Answer-Qualified by a specific limitation. Language used: so long as, while, or during Fee Simple Subject to a Condition Subsequent - Answer-If estate is no longer used for reason conveyed it reverts to original grantor by right of reentry Fully Amortized Loan - Answer-Loan consisting of equal, regular payments satisfying the total payment of principal and interest by the due date Felony Conviction - Answer-Being conv...

The Real Estate PSI Practice Exam is a preparatory resource designed to help aspiring real estate professionals succeed on the PSI real estate licensing exam. It covers essential topics such as property ownership, contracts, real estate law, financing, agency, and valuation, ensuring a comprehensive understanding of the concepts required to pass the exam. This material is ideal for students, professionals, and anyone preparing for their real estate licensing exam.

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KY Real Estate Law - PSI Practice Exam |138 Q’s with Solutions

Kentucky Real Estate UPDATED Exam Questions and CORRECT Answers What agreement is illegal in KY? - CORRECT ANSWER- Net listing How much time does an accused licensee have to file a notarized response to a license law violation complaint on KY real estate commission form? - CORRECT ANSWER- 20 days Are KREC one-time showing agreements required for both commercial and residential? - CORRECT ANSWER- No, only residential

KY Real Estate Law – PSI UPDATED Exam Questions and 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? - CORRECT ANSWER- 2 Years The Kentucky Real Estate Commission is responsible for what? - CORRECT ANSWERProtecting the public intere...