Ky real estate law Study guides, Class notes & Summaries

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...

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KY Real Estate Practice - Law Portion Questions And Answers 2023

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 ...

When must license applicants apply for their license? - Answer 60 days after examination date. Errors and Omissions Insurance - Answer 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 violations of the "Securities and Exchange Act". Continuing Education - Answer Anyone licensed after June 19, 1976 shall obtain 6hrs of continuing education each year and must complet...

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

Kentucky State Real Estate Practice Exam (Ky Law) 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

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