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Kansas Real Estate Practice Test Questions and Answers
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Kansas Real Estate Practice Test Questions and Answers Which of the following is a closing custom in KS - ANSWER-Buyers and sellers split the closing fee KREC recently updated the Real Estate Brokerage Relationship brochure in order to - ANSWER-Better clarify how designated agency works What i...

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  • November 4, 2024
  • 13
  • 2024/2025
  • Exam (elaborations)
  • Questions & answers

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  • kansas real estate practice test questions and ans

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  • Real Estate
  • Real Estate

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KaylinHoffman

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Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024




Kansas Real Estate Practice Test

Questions and Answers


Which of the following is a closing custom in KS - ANSWER✔✔-Buyers and sellers split the closing fee


KREC recently updated the Real Estate Brokerage Relationship brochure in order to - ANSWER✔✔-Better

clarify how designated agency works


What is the most important reason for licensees to review the most recent version of the Kansas Real

Estate license Law Book - ANSWER✔✔-It helps them stay up-to-date on any license law changes


What are the four external forces that may affect value - ANSWER✔✔-Physical/environmental,

economic, social, political/governmental


Which of the following statements is true regarding earnest money in Kansas? - ANSWER✔✔-Earnest

money must be placed in an escrow account within five business days after the contract is signed


To prepare for financing, buyers should - ANSWER✔✔-save the down payment amount


Before a blueprint and building specifications will receive a building permit, the blueprint must be

stamped by - ANSWER✔✔-an architect or engineer


what type of agency exists because a written or oral agreement is in place - ANSWER✔✔-express agency


soundproofing and decorative material, shingles, and siding may contain what hazardous material -

ANSWER✔✔-asbestos




Copyright ©Stuvia International BV 2010-2024 Page 1/13

, Copyright © KAYLIN 2024/2025 ACADEMIC YEAR. ALL RIGHTS RESERVED FIRST PUBLISH NOVEMBER, 2024


In kansas, is a licensee permitted to sign a listing agreement on behalf or their supervising broker -

ANSWER✔✔-yes, the licensee is permitted to sign the listing agreement on behalf of the supervising

broker if the broker agrees


janine wants to meet with her potential buyer clients face-to-face in her office. whats her reason for

doing this? - ANSWER✔✔-she wants to make sure the buyers are serious about purchasing


Which type of buyer tends to look for a home with less pace, with a similar or better quality of living -

ANSWER✔✔-trade-down buyer


when a prospective homebuyer isnt represented, what doesnt she have - ANSWER✔✔-an agency

agreement


The ___ of a property assumes normal market conditions, a willing buyer and seller, and an arm's length

transaction. - ANSWER✔✔-Market value


When using the farming approach, diversity is a key factor when identifying a neighborhood. Which

statement best describes diversity? - ANSWER✔✔-An area with a variety or home styles, sizes, features,

price points, amenities, buyers, etc.


Which of these is a vertical component used in wall framing - ANSWER✔✔-Stud


__ are certified energy-efficient homes that have met specific qualifications. - ANSWER✔✔-Energy star-

qualified homes


Which of the following statements about net listings in Kansas is true? - ANSWER✔✔-They are illegal in

Kansas


A common mortgage fraud scheme known as __ is when an appraiser intentionally submits a misleading

report to a lender that indicates an inflated property value. - ANSWER✔✔-Inflated Appraisal

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