Kentucky real estate test - Study guides, Class notes & Summaries

Kentucky Real Estate Mock Test 1 2024 Questions With Complete Solutions!!

Kentucky Real Estate Mock Test 1 Latest 2023 Graded A If a broker's branch office is 75 miles from his main office, the person managing this branch office must: Have been licensed for 2 years averaging 20 hours per week in the business. Which of the following is NOT true regarding a sale-leaseback? The ownership of the property never transfers. Dino owns property rights located on Lake Michigan where he docks his yacht. His water rights are called: Littoral rights Which of the following is ...

Kentucky Real Estate Mock Test 1 Complete Questions And Answers

Kentucky Real Estate Mock Test 1 Questions And Answers Rated A+. If a broker's branch office is 75 miles from his main office, the person managing this branch office must: - correct answer. Have been licensed for 2 years averaging 20 hours per week in the business. Which of the following is NOT true regarding a sale-leaseback? - correct answer. The ownership of the property never transfers. Dino owns property rights located on Lake Michigan where he docks his ya...

Kentucky Real Estate Mock Test 1 Exam With 100% Correct Answers 2023

Kentucky Real Estate Mock Test 1 Questions And Answers Already Graded A+

Kentucky Real Estate Mock Test 1 Already Graded A+ A $450,000 sale price was obtained from a 12% capitalization rate. What was the gross income when the total expenses were 15% of the gross? ️$63,529.41 Step 1 $450,000 x 12% = $54,000 Step 2 100% - 15% = 85% Step 3 $54,000 ÷ 85% = $63,529.41 A borrower purchased mortgagee's title insurance on a property. After the final payment was made on the mortgage, a title defect was found. The borrower would have recourse through the ️...

Which of the following fees that a broker charges an agent is a violation of the Kentucky Revised Statutes? - desk fee - long distance charges - affiliation fee - coffee fee affiliation fee Most of the time (with certain law exceptions) licensed Kentucky brokers shall maintain a definite place of business in what state? - Kentucky - the state in which the broker was born in - the state where the broker spends the most time in - any state except Kentucky Kentucky A lic...

Kentucky Real Estate Mock Test 1-Questions and Answers 2023

Agent George is developing a new ad for a property that he listed. Which of the following advertisements is correct correct answersWarren Buffett, Principal Broker Estate for years, estate from period to period, estate at sufferance and estate and estate at will are examples of correct answersnon freehold estates A person passed his real estate exam on April 30th. On July 15 all documents were sent to the BREP to get his license. The person will discover that correct answersHe will need to...