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Kentucky State Real Estate Exam Practice Questions And Answers
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Kentucky State Real Estate Exam Practice Questions And Answers
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Kentucky State Real Estate Exam PracticeQuestions And Answers
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 affiliated with broker
Jamie. Venus and Morgan are each acting as listing agents in
transactions where the buyer is represented by a licensee from another
brokerage. What's true about this situation? ✔✔ANSWER... venus and
Megan are single agents.
kentucky property managers are expected to provide receipts promptly
and ensure moneys are deposited without delay.
____________________ needs to be entered into either the tenant
and/or owner ledger for all moneys received. ✔✔ANSWER...the dollar
amount and the unit number.
, in Kentucky, when someone pays a commission to an unlicensed
individual who is not exempt from licensing law, this is known as
______________ . ✔✔ANSWER...kickback
if a licensee fails to renew her license, when will KREC cancel it?
✔✔ANSWER...april 1
kentucky licensee Kaylee is working with a buyer client who has a
written agency agreement with Kaylee's brokerage firm. Based on
Kentucky law, which of the following duties does Kaylee owe her client?
✔✔ANSWER...promptly submit her client's written offer to the seller.
In the sale of a Kentucky residential condominium unit, who's
responsible for requesting the Condominium Seller's Certificate?
✔✔ANSWER...The seller.
Toby is a sales associate with Louisville Slugger Realty. Toby's principal
broker promised his brother, Bryant, who is unlicensed and not an
attorney or trustee, that he would pay his a portion of his commission
when he closed on his Lincoln Street transaction. Under what
circumstances would this be legal? ✔✔ANSWER...If Bryant was a party
to the transaction and this was a cash rebate paid by Toby's principal
broker.
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