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

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: - Answer- $20,000 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 th...

Kentucky State Real Estate Practice Exam (Ky Law) Latest Quizzes & Ans!!

Kentucky State Real Estate Practice Exam 3 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

Kentucky State Real Estate Practice Exam (Ky Law) 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

Kentucky State Real Estate Exam Practice 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

Kentucky State Real Estate Exam Practice 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

Kentucky State real estate practice exam questions and answers | verified

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 Already Graded A+ A buyer made an offer on a condominium but had not yet received the Condo Certificate and other documents required by law. If the buyer's offer is accepted, what is the status of the offer? A. The offer will be a valid contract if it is accepted. B. The offer will be void until the Condo Certificate is received. C. The offer will be voidable by the buyer until the Condo Certificate is received and the buyer has five days to re...

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 correct answersThe agent who prepared the offer and the commission he/she will be paid If a person does not renew in th...