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

Kentucky State Real Estate Practice Exam (KY Law) 100% Pass 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: $20,000 An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years f...

KENTUCKY REAL ESTATE PRACTICE EXAM FINAL ONE |150 EXAM QUESTIONS AND ANSWERS WITH RATIONALE GRADED condominium Severalty ownership of air rights combined with an undivided interest in the common areas of real estate would MOST LIKELY describe a on probation A licensee could be active in the real estate business if his/her license is Agent Kenzie has terminated her relationship with her broker. The broker has returned her license to the BREP. Agent Kenzie has thirty days to place her license ...

What happens with a judicial foreclosure? - CORRECT ANSWERS-The mortgaged property is sold under the supervision of a court. Broker Dean realizes he has relocation buyers. What is something he should focus on with these buyers? - CORRECT ANSWERS-On finding a property with good resale value Real estate licensees should know enough about building ordinances to be able to.. - CORRECT ANSWERS-alert clients of potential problems in a home. If an industrial property is described as "special ...

Kentucky State Real Estate Practice Exam (Ky Law) Questions And Answers Latest Top Score. 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: - correct answer. $20,000 An action for recovery from the Kentucky Real Estate Education, Res...

How often is continuing education required for Kentucky real estate salespersons? - correct answer Every year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: - correct answer He/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? - correct answer The Governor Which of the following is a ...

Notary Questions and Answers 100% Pass A commissioned Notary Public completes a notarial certificate they know to be false. What would the Notary would be found guilty of? A. A Felony B. An Infraction C. A Misdemeanor C. A Misdemeanor Samantha is sending a real estate document internationally and needs to have it notarized before requesting an apostille. The document was drawn up in Kentucky and has Kentucky Acknowledgment notarial wording included in the document. She brings it...

How often is continuing education required for Kentucky real estate salespersons? correct answersEvery year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: correct answersHe/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? correct answersThe Governor Which of the following is a violat...

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...

How often is continuing education required for Kentucky real estate salespersons? - Answer- Every year. An individual obtaining their first, original Kentucky license is exempt for the first two calendar years. When a licensee pays back the Recovery Fund: - Answer- He/she must pay back all the reimbursed funds plus 10% interest on the amount. Who appoints the members of the Kentucky real estate commission (KREC)? - Answer- The Governor Which of the following is a violation of Kentucky...

KENTUCKY REAL ESTATE LAW EXAM Questions and Answers Latest Version 2024