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

KY real estate final exam practice question and answers 2023 verified to passwhat happens with a Judicial foreclosure? - correct answer 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 answer finding a property with good resale value real estate licensees should know enough about building ordinances to be able to... - correct answer alert clients of potential prob...

Kentucky Real Estate Law UPDATED Exam Questions and CORRECT Answers Contract Deposit - CORRECT ANSWER- means money delivered to a licensed agent as part of an offer to enter a contract for the sale of real property after: (a) The offer or counteroffer is accepted; and (b) An executory contract exits. Required Disclosure - CORRECT ANSWER- a) In print advertising, that the disclosure shall be in letters at least twenty-five (25) percent the size of the largest letters in the advertisemen...

Kentucky Real Estate Law Verified Solutions 3 of 100What can an injured party in a breach of contract situation do to attempt to minimize the damage? File a civil lawsuit Request an injunction in court that prevents the seller from attempting to sell the property to another party Politely request the full return of the buyer's earnest money deposit 46 of 100Which party is likeliest to hold equitable title to a home? mortgage lender 6 members of the commission must have been Reside...

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 in escrow or find another broker Disciplinary actions that can be taken by the ...

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

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...

Real estate brokerage a single, multiple, or continuing act of dealing in time shares or options, selling or offering for sale, buying or offering to buy, negotiating the purchase, sale, or exchange of real estate, engaging in property management, leasing or offering to lease, renting or offering for rent, or referring or offering to refer for the purpose of securing prospects, any real estate or the improvements thereon for others for a fee, compensation, or other valuable consideration ...

Kentucky Real Estate Law Exam With 100% Correct Answers 2023

Kentucky Real Estate Law Exam ...

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...