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KENTUCKY REAL ESTATE PRACTICE FINAL EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+ $24.99
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KENTUCKY REAL ESTATE PRACTICE FINAL EXAM 2024 ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY GRADED A+
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Course
KENTUCKY REAL ESTATE
Institution
KENTUCKY REAL ESTATE
KENTUCKY REAL ESTATE PRACTICE FINAL EXAM 2024
ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY
GRADED A+
KENTUCKY REAL ESTATE PRACTICE FINAL EXAM 2024
ACTUAL EXAM COMPLETE 300 QUESTIONS WITH DETAILED
VERIFIED ANSWERS (100% CORRECT ANSWERS) ALREADY
GRADED A+
What agreement is illegal in KY? - CORRECT
ANSWER >>>>Net listing
How much time does an accused licensee have
to file a notarized response to a license law
violation complaint on KY real estate
commission form? - CORRECT ANSWER >>>>20
days
Are KREC one-time showing agreements
required for both commercial and residential? -
CORRECT ANSWER >>>>No, only residential
, Page |2
What does taking a listing to a new brokerage
require? - CORRECT ANSWER >>>>The written
permission of the licenee's broker and the
seller
How long does the condominium association
have to complete the Condominium Sell
Certificate when received a written request? -
CORRECT ANSWER >>>>10 days
How much is it to place your license in inactive
status? - CORRECT ANSWER >>>>$10
If your license is revoked or suspended-what
must you do? - CORRECT ANSWER >>>>Must
pass the real estate exam again
What is the maximum recovery fund
compensation against one licensee? - CORRECT
ANSWER >>>>$50,000
, Page |3
What should you do before reviewing an offer
with your clients? - CORRECT ANSWER
>>>>Complete the Agency Disclosure
Statement and present it for signature
How much is the KY license application fee? -
CORRECT ANSWER >>>>$30
What is it called when 2 licensees from the
same KY brokerage represent opposite sides of
the same transaction and the principal broker
and all the brokers affiliated licensees also
represent both the sellers and the buyers
interests in the transaction? - CORRECT
ANSWER >>>>Dual-licensed dual agency
How often does the KREC meet? - CORRECT
ANSWER >>>>Monthly
What happens if the seller dies in a KREC
Exclusive RIght to Sell Agency contact? -
, Page |4
CORRECT ANSWER >>>>It will be automatically
terminated
When do KY real estate licenses expire? -
CORRECT ANSWER >>>>March 31st
How long does the KREC have to publicly
release a statement of income and expenses
related to the recovery fund? - CORRECT
ANSWER >>>>120 days after the end of the
fiscal year
When are you allowed to complete a Seller's
Disclosure Form? - CORRECT ANSWER
>>>>With the permission from the seller and a
signature that holds the agent not liable.
Who will pay the aggrieved party is the licensee
can't pay or won't pay? - CORRECT ANSWER
>>>>KREC
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