Package deal
KENTUCKY REAL ESTATE PACKAGE DEAL 2023/24
KENTUCKY REAL ESTATE PACKAGE DEAL 2023/24
[Show more]KENTUCKY REAL ESTATE PACKAGE DEAL 2023/24
[Show more]Accretion 
Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea 
 
 
 
ADA Tenant 
Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do no...
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Add to cartAccretion 
Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea 
 
 
 
ADA Tenant 
Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do no...
1x sold
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 wit...
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Add to cartcondominium 
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 wit...
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 
 ...
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Add to cartHow 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 
 ...
Land rights 
Surface, all natural things attached to it, subsurface, and air above the surface 
 
 
 
Real estate rights 
Land + man made permanent attachments 
 
 
 
Real property rights 
Real estate + bundle rights 
 
 
 
Bundle of Rights 
PUTEE (possess, use, transfer, exclude, encumber) 
 
 
 
R...
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Add to cartLand rights 
Surface, all natural things attached to it, subsurface, and air above the surface 
 
 
 
Real estate rights 
Land + man made permanent attachments 
 
 
 
Real property rights 
Real estate + bundle rights 
 
 
 
Bundle of Rights 
PUTEE (possess, use, transfer, exclude, encumber) 
 
 
 
R...
Real estate brokerage 
a single, multiple, or continuing act of dealing in time shares or options, selling or offering for sale, buying or offering to buy, negotiating the purchase, sale, or exchange of real estate, engaging in property management, leasing or offering to lease, renting or offering f...
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Add to cartReal estate brokerage 
a single, multiple, or continuing act of dealing in time shares or options, selling or offering for sale, buying or offering to buy, negotiating the purchase, sale, or exchange of real estate, engaging in property management, leasing or offering to lease, renting or offering f...
Upon death of incapacitation of a principal broker, KREC may give permission for a sales associate to manage firm for how long? 
Up to 6 months 
 
 
 
Individuals that are exempt from a real estate license 
Attorneys performing real-estate related duties, Bankruptcy receivers and trustees, estate ad...
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Add to cartUpon death of incapacitation of a principal broker, KREC may give permission for a sales associate to manage firm for how long? 
Up to 6 months 
 
 
 
Individuals that are exempt from a real estate license 
Attorneys performing real-estate related duties, Bankruptcy receivers and trustees, estate ad...
In every real estate transaction, a legal description of the real estate MUST appear in the transaction documents. What kind of legal description should be used in MOST transactions? 
The same one used in prior transfers of the parcel, verified by a surveyor. 
 
 
 
A legal easement can be created b...
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Add to cartIn every real estate transaction, a legal description of the real estate MUST appear in the transaction documents. What kind of legal description should be used in MOST transactions? 
The same one used in prior transfers of the parcel, verified by a surveyor. 
 
 
 
A legal easement can be created b...
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: 
$2...
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Add to cartThe 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: 
$2...
1 
How many Commissioners are appointed as a citizen- at- large? 
 
 
 
4 
How many years is the term of a Commissioner? 
 
 
 
2 
How many consecutive terms can a Commissioner have? 
 
 
 
Kentucky Association of Realtors 
Where does the Governor get the list of people to select an appointment of a...
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Add to cart1 
How many Commissioners are appointed as a citizen- at- large? 
 
 
 
4 
How many years is the term of a Commissioner? 
 
 
 
2 
How many consecutive terms can a Commissioner have? 
 
 
 
Kentucky Association of Realtors 
Where does the Governor get the list of people to select an appointment of a...
Types of real estate licenses in Kentucky 
Sales associate and broker 
 
 
 
Sales associate 
A person who holds an entry-level license and performs real estate services under the supervision of a licensed broker 
 
 
 
Broker 
A person who has been in real estate for an average of 20 hours per week...
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Add to cartTypes of real estate licenses in Kentucky 
Sales associate and broker 
 
 
 
Sales associate 
A person who holds an entry-level license and performs real estate services under the supervision of a licensed broker 
 
 
 
Broker 
A person who has been in real estate for an average of 20 hours per week...
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 
 
...
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Add to cartAn 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 
 
...
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 
 
 
 
Th...
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Add to cartAn 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 
 
 
 
Th...
If a sales associate's license is NOT renewed by the required date, which of the following will be held accountable? 
1. Principal broker 
2. Sales associate 
3. Sales manager 
4. Owner of the brokerage company 
Sales associate 
 
 
 
A property management agreement between a principal broker and o...
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Add to cartIf a sales associate's license is NOT renewed by the required date, which of the following will be held accountable? 
1. Principal broker 
2. Sales associate 
3. Sales manager 
4. Owner of the brokerage company 
Sales associate 
 
 
 
A property management agreement between a principal broker and o...
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