KENTUCKY REAL ESTATE EXAMS BUNDLE ALL WITH 100% CORRECT ANSWERS|GUARANTEED SUCCESS

A real estate broker has been given the authority to accept and reject offers on behalf pf his client. The agent can be best described as: A special agent with limited authority A principal broker in the process of closing a real estate brokerage business may: Affiliate temporarily with ano...

Broker Licensee who has worked as a sales associate for at least 20 hours a week for the previous 24 months, and completes at least 21 hours of real estate broker education, including at least three hours of broker management skills Principal broker Broker responsible for managing the broke...

A real estate licensee has a buyer agency agreement. What is the seller in this situation? A customer. An optionor and an optionee make a contract for an option on a commercial piece of property. If the optionee decides to exercise his option, when must he perform? He must exercise his opti...

201 KAR 11:121 improper conduct This regulation was amended to eliminate duplicative information about guaranteed sales plans 201 KAR 11:145. Salesman's duties when terminating affiliation with broker Unless there is a written contract, an agent must immediately turn over any and all listi...

When must license applicants apply for their license? 60 days after examination date. Errors and Omissions Insurance An agent is covered up to $100,000 for single claims and $1,000,000 for annual aggregate(multiple) claims. Does not cover fraud, criminal acts, libel, slander, sickness, or ...

State the physical location and web address for the Kentucky Real Estate Commission. Kentucky Real Estate Commission 10200 Linn Station Road, Suite 201 Louisville, KY 40223 (502) 429-7250 or Toll Free at Website - List the requirements to become a Kentucky Real Estate Commissioner. The Co...

You represent Kelsey, who's selling her one-bedroom condominium unit in Mount Sterling. Kelsey makes a written request to the condominium association to complete the Condominium Seller Certificate. The association has ______ from the time it receives Kelsey's request to return the completed form a...

On a settlement statement the buyer can expect to see entries for property and transfer taxes Which of the following terms is NOT associated with a legal life estate? Dower, Curtesy, Community property, Homestead Community property Which of the following is an example of a convention...

Property Management Agreement The business name and address of the licensed agent's company. The name and address of the owner. The address of the real estate being managed and the number of units. The date when the agreement begins and ends, and a provision stating whether the owner agrees or ...

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...

An Illegal Kickback 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 _____________. The Verbiage, "Equal Opportunity Housing" Monty ...