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

KENTUCKY REAL ESTATE LAW EXAM Questions and Answers Latest Version 2024.

KY Real Estate Practice - Law Portion (2023/2024) Already Graded A 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 tim...

A broker must maintain a copy of all of the following EXCEPT: buyer's new deed. The Kentucky Real Estate Commission does NOT have the right to: order discipline against an unlicensed person. Written property management agreements may include a provision: that automatically renews the agreement. The KREC has received a complaint against a licensee and has forwarded the complaint to the licensee. The licensee: has 20 days to answer the complaint. A homeowner calls ...

The Kentucky Real Estate Commission determined that a buyer was damaged by the fraudulent action of a licensee in the amount of $50,000. If the responsible licensee does not pay the claim, the Commission may pay out from the Real Estate Education, Research, and Recovery Fund a MAXIMUM amount of: - Answer- $20,000 An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years from actual knowledge of the cause of action or th...

An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years from actual knowledge of the cause of action or the time when circumstances would reasonably have put the aggrieved party on notice of the cause of action? - 2 Years The Kentucky Real Estate Commission is responsible for what? - Protecting the public interest through regulations, examinations and licensing of KY real estate licensees. Broker - Any person who i...

KY Real Estate Practice - Law Portion "The examination shall be of the scope and wording sufficient in the judgment of the commission to establish the _________________ of the applicant to act as a broker or sales associate in a manner to protect the interests of the public." - competency - professionalism - proficient - qualified ️competency A buyer in Kentucky that alleges discrimination by a real estate agent and elects to file a complaint with the Kentucky Commission on Human ...

Kentucky Real Estate Law Exam With 100% Correct Answers 2023

Kentucky Real Estate Law Exam ...

Kentucky Real Estate UPDATED Exam Questions and CORRECT Answers What agreement is illegal in KY? - CORRECT ANSWER- Net listing How much time does an accused licensee have to file a notarized response to a license law violation complaint on KY real estate commission form? - CORRECT ANSWER- 20 days Are KREC one-time showing agreements required for both commercial and residential? - CORRECT ANSWER- No, only residential

KY Real Estate Practice - Law Portion Questions And Answers 2023