Ky real estate 2 - Study guides, Class notes & Summaries

A person issued an initial salesperson's license must complete A) the 24-hour postlicense course by December 31 of the first renewal period. B) a 48-hour postlicense course within one year of receiving the initial license. C) a 24-hour postlicense course within the first two renewal cycles after the initial license. D) a 48-hour postlicense course within two years of receiving the initial license. - D) a 48-hour postlicense course within two years of receiving the initial license. A b...

There can be no more than _____ members of any political party serving on the Commission at one time. - four A rebate could be: - a TV -A gift certificate - a return of paid commissions -none of the above - a return of paid commissions The Commission has the ability to conduct a(n) ___________ when alleged escrow actions warrant emergency action. -trial -dispute -investigation -emergency hearing - emergency hearing The seller's disclosure form must be completed - at the time of the...

Jerry and Simon signed a contract so that Jerry could purchase all of Simon's restaurant equipment for one price after Simon closes his restaurant next month. The contract contains a provision that states Jerry has one year from the purchase date to file a suit relative to the purchase. After the year is up, Jerry forfeits the right. What kind of contract clause is this? A. Specific time B. Statute of limitations C. Time is of the essence D. Time of performance - Statute Of Limitations ...

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? - 2 Years The Kentucky Real Estate Commission is responsible for what? - Protecting the public interest through regulations, examinations and licensing of KY real estate licensees. Broker - Any person who i...

If a broker's branch office is 75 miles from his main office, the person managing this branch office must: - Have been licensed for 2 years averaging 20 hours per week in the business. Which of the following is NOT true regarding a sale-leaseback? - The ownership of the property never transfers. Dino owns property rights located on Lake Michigan where he docks his yacht. His water rights are called: - Littoral rights Which of the following is NOT a duty of the real estate agent: - To acce...

A person issued an initial salesperson's license must complete A) the 24-hour postlicense course by December 31 of the first renewal period. B) a 48-hour postlicense course within one year of receiving the initial license. C) a 24-hour postlicense course within the first two renewal cycles after the initial license. D) a 48-hour postlicense course within two years of receiving the initial license. - D) a 48-hour postlicense course within two years of receiving the initial license. A b...

There can be no more than _____ members of any political party serving on the Commission at one time. - four A rebate could be: - a TV -A gift certificate - a return of paid commissions -none of the above - a return of paid commissions The Commission has the ability to conduct a(n) ___________ when alleged escrow actions warrant emergency action. -trial -dispute -investigation -emergency hearing - emergency hearing The seller's disclosure form must be completed - at the time of the...

what happens with a Judicial foreclosure? - 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? - finding a property with good resale value real estate licensees should know enough about building ordinances to be able to... - alert clients of potential problems in a home if an industrial property is described as "special-purpose" it is... - unsuitable for many uses and proc...

KENTUCKY REAL ESTATE PRACTICE FINAL ONE |120 QUESTIONS AND ANSWERS WITH RATIONALES COMPLETE AND WELL EXPLAINED 100% CORRECTLY VERIFIED BY EXPERTS LATEST UPDATE 2024 GRADED A+ 100% GUARANTEED SUCCESS AFTER DOWNLOAD (ALL YOU NEED TO PASS YOUR EXAMS) condominium Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a on probation A licensee could be active in the real estate business if his/her license is Agent Kenzie...

KY real estate final exam practice question and answers 2024 verified to pass what happens with a Judicial foreclosure? ANS the mortgaged property is sold under the supervision of a court 2. broker Dean realizes he has relocation buyers.What is something he should focus on with these buyers? ANS finding a property with good resale value 3. real estate licensees should know enough about building ordinances to be able to... ANS alert clients of potential problems in a home 4. if an industri...