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

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

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 already graded A 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 wi...

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) Questions And Answers | 100% Verified

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 ...

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

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...

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...

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...