Ky real estate exam Study guides, Class notes & Summaries

KY Real Estate Exam Questions With 100% Correct Answers

What title guarantees will Jody have when she buys a property at a foreclosure auction? covenant of seisin Sondra, a buyer, signs all the required mortgage documentation, promising to make all payments to her lender. Unfortunately, Sondra falls on hard times and misses multiple payments, and the bank indicates that it's going to foreclose on her. The foreclosure proceedings are more difficult for the lender because Sondra holds the deed to the land. What kind of state does Sondra live i...

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 ...

Kentucky Real Estate Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)

KY Real Estate Exam (2023/2024) 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 Broker's License License to act as intermediary on behalf of others for a commission. Bringing together of parties interested i...

Activities Requiring a License Licensing law is there to protect the consumer. Licensing provides the preparation licensees need and the oversight the public demands to practice real estate professionally. Anyone representing themselves to the public as a real estate broker or sales associate, or using any wording whatsoever that would convey or imply that they're a licensed real estate professional, must be licensed. If compensation is accepted for real estate services, a license is needed. ...

There can be no more than _____ members of any political party serving on the Commission at one time. - four A rebate could be: - a TV -A gift certificate - a return of paid commissions -none of the above - a return of paid commissions The Commission has the ability to conduct a(n) ___________ when alleged escrow actions warrant emergency action. -trial -dispute -investigation -emergency hearing - emergency hearing The seller's disclosure form must be completed - at the time of the...

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Jerry and Simon signed a contract so that Jerry could purchase all of Simon's restaurant equipment for one price after Simon closes his restaurant next month. The contract contains a provision that states Jerry has one year from the purchase date to file a suit relative to the purchase. After the year is up, Jerry forfeits the right. What kind of contract clause is this? A. Specific time B. Statute of limitations C. Time is of the essence D. Time of performance - Statute Of Limitations ...

Kentucky real Estate Practice Exam 2024 Questions and Answers 2024 / 2025 (Verified Answers by Expert)