Ky law real estate - Study guides, Class notes & Summaries

What do Datums and Benchmarks measure? Elevation Joint Tenancy The joint ownership of property by two or more co-owners in which each co-owner owns an undivided portion of the property. On the death of one of the joint tenants, his or her interest automatically passes to the surviving joint tenants. What is a Preliminary Report? Issued by title insurance companies - gives buyers an overview of title history and any liens/encumbrances - it outlines what insurance companies will...

KY Real Estate Law - PSI Practice Exam With 100% Verified Solutions

Kentucky State Real Estate Practice Exam (KY Law) Complete Guide A broker lists a residence. An acquaintance of the broker employs the broker to purchase the listed house. Before preparing the offer to purchase, which of the following is required of the broker? Written consent for dual agency from both parties A licensee has made an oral agreement to sell a property. The licensee proceeds to advertise in the local newspaper, and receives a full-price offer to purchase. According to Ken...

Kentucky State Real Estate Practice Exam (Ky Law) Questions And Answers 2023

Ky Board Of Auctioneer Test Exam With 100% Correct Answers Absolute Auction - answerAfter the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - answerwhen auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - answerThe auctioneer m...

Ky Board Of Auctioneer Test Exam With 100% Correct Answers Absolute Auction - answerAfter the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve - answerwhen auctioneer may withdraw the property at any time until he or she announces the completion of the sale. The potential bidders are the offerors Auction with reserve and the sellers reserving the right to bid - answerThe auctioneer m...

KY Real Estate Exam Already Graded A+ Accretion ️Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea ADA Tenant ️Tenant with disability. Must accommodate for tenants/residents with disabilities. Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to ask to make changes Alienation ️Payment of debt if property is sold Bilateral Contract ️All parties are legally bound to to act as prescrib...