Kentucky real estate law - Study guides, Class notes & Summaries

How often is continuing education required for Kentucky real estate salespersons? - Answer- Every year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: - Answer- He/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? - Answer- The Governor Which of the following is a violation of Kentucky...

What happens with a judicial foreclosure? - CORRECT ANSWERS-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? - CORRECT ANSWERS-On finding a property with good resale value Real estate licensees should know enough about building ordinances to be able to.. - CORRECT ANSWERS-alert clients of potential problems in a home. If an industrial property is described as "special ...

KENTUCKY REAL ESTATE PRACTICE EXAM FINAL ONE |150 EXAM QUESTIONS AND ANSWERS WITH RATIONALE GRADED 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 has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has thirty days to place her license ...

KY Real Estate Law - PSI Exam Actual Questions and Answers 2024 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? - Answer ️️ -2 Years The Kentucky Real Estate Commission is responsible for what? - Answer ️️ -Protecting the public interest through...

KENTUCKY REAL ESTATE LAW EXAM Questions and Answers Latest Version 2024

Kentucky Portion — Real Estate Exam Questions and Answers Already Passed How often is continuing education required for Kentucky real estate salespersons? Every year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: He/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? The Governor Which of the...

which of the following statements is true about the Kentucky Statute of frauds and the sale of real estate? all essential terms of the contract must be in writing which of the following statements is true regarding Kentucky real estate brokerages? the principal broker may choose to use designated agency, dual agency, without designated agency or no dual agency at the brokerage if the licensee can't pay or refuses to pay an aggrieved party after being found guilty of fraud in Ken...

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...

Kentucky State Re Portion A licensee whose license has expired without being renewed for more than one year, or whose license has been revoked or suspended, must ______. Pass the real estate exam again A licensee's principal broker or the broker's designated representative must attend the hearing for license law violations in Kentucky if the accused licensee ______. is a sales associate After a Kentucky seller client has completed and signed the Seller's Disclosure of Property Condi...