Ky real estate - Study guides, Class notes & Summaries

KY Real Estate Law - PSI Practice Exam 2024 Questions With 100% Correct Answers!!

Ky Board of Auctioneer Test with 100% verified questions and answers Absolute Auction -ANS After the auctioneer calls for bids on an article or lot, that article or lot cannot be withdrawn unless no bid is made within a reasonable time Auction with reserve -ANS when auctioneer may withdraw the property at any time until he or she announces the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 -ANS The auction...

KY Real Estate Final Exam Practice/ 100 Qs & Ans/ . Terms like: real estate licensees should know enough about building ordinances to be able to... - Answer: alert clients of potential problems in a home if an industrial property is described as "special-purpose" it is... - Answer: unsuitable for many uses and processes. what happens with a Judicial foreclosure? - Answer: the mortgaged property is sold under the supervision of a court broker Dean realizes he has relocation buyers....

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 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 ...

KY Real Estate 2 Already Graded A+ A broker may file a lien against a property A.) only if the client has entered into a written agreement to compensate the broker for brokerage services B.) no later then 30 days before a listing agreement expires C.) only when there is a net listing agreement D.) regardless of whether the broker was able to produce a willing and able buyer for a seller's property ️A A broker's escrow account A.) must be interest bearing B.) may be used f...

KY Real Estate Exam Graded A+

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

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

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