KENTUCKY (KY) PROPERTY REAL ESTATE EXAM
PRACTICE QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) PLUS RATIONALES 2026 -2027
Q&A | INSTANT DOWNLOAD PDF
Answer on forms furnished by the KREC and the answer must be notarized
What steps must a licensee take to file an answer to the real estate commission
over a complaint?
20 days
Once a complaint has been served how many days is the licensee have to
return his or her answer to the commission?
Yes
Is the complaint tent and the lights and he required to furnish each other with
copies of any further pleadings?
When there is an escrow account violation In question
When will the Real Estate Commission hold an emergency hearing?
Yes
Will the real estate commission alert the principal broker before any disciplinary
action, hearing, etc..?
,The commissioners
Who makes the final decision against a licensee for any disciplinary action?
Two years from actual knowledge or issue
How long does an aggrieved party have to file a complaint against a real
estate licensee?
Suspend, revoke, Levi fines not to exceed $1000, License probation for up to 12
months, send a licensee to school, and issue a formal or informal reprimand
What are the six disciplinary actions of the real estate commission?
Cancelled license
If a licensee fails to renew a license what can happen?
Yes, if earned Prior to the cancellation or suspension
May a real estate licensee collect a commission if their license was canceled or
suspended?
Yes and it must be on the purchase contract in writing
Does a real estate agent who is purchasing a property listed by his or her broker
have to disclose that they are a licensed real estate agent?
, Their Broker
Who is the only person that can pay a real estate license he for performing real
estate services?
Yes But only with the knowledge and consent of the owners
Can a property manager except a rebate from a service provider?
No
Can a licensee pay a non-licensed individual or referral fee?
Alford plea
What is the Latin term that means a defendant offers in a plea bargain without
actually admitting guilt?
Yes
Can a licensee lose his or her real estate license for being found guilty or
entering a plea due to a felony or misdemeanor or sexual misconduct?
No
Can a real estate licensee sell real property in a lottery?
PRACTICE QUESTIONS AND CORRECT ANSWERS
(VERIFIED ANSWERS) PLUS RATIONALES 2026 -2027
Q&A | INSTANT DOWNLOAD PDF
Answer on forms furnished by the KREC and the answer must be notarized
What steps must a licensee take to file an answer to the real estate commission
over a complaint?
20 days
Once a complaint has been served how many days is the licensee have to
return his or her answer to the commission?
Yes
Is the complaint tent and the lights and he required to furnish each other with
copies of any further pleadings?
When there is an escrow account violation In question
When will the Real Estate Commission hold an emergency hearing?
Yes
Will the real estate commission alert the principal broker before any disciplinary
action, hearing, etc..?
,The commissioners
Who makes the final decision against a licensee for any disciplinary action?
Two years from actual knowledge or issue
How long does an aggrieved party have to file a complaint against a real
estate licensee?
Suspend, revoke, Levi fines not to exceed $1000, License probation for up to 12
months, send a licensee to school, and issue a formal or informal reprimand
What are the six disciplinary actions of the real estate commission?
Cancelled license
If a licensee fails to renew a license what can happen?
Yes, if earned Prior to the cancellation or suspension
May a real estate licensee collect a commission if their license was canceled or
suspended?
Yes and it must be on the purchase contract in writing
Does a real estate agent who is purchasing a property listed by his or her broker
have to disclose that they are a licensed real estate agent?
, Their Broker
Who is the only person that can pay a real estate license he for performing real
estate services?
Yes But only with the knowledge and consent of the owners
Can a property manager except a rebate from a service provider?
No
Can a licensee pay a non-licensed individual or referral fee?
Alford plea
What is the Latin term that means a defendant offers in a plea bargain without
actually admitting guilt?
Yes
Can a licensee lose his or her real estate license for being found guilty or
entering a plea due to a felony or misdemeanor or sexual misconduct?
No
Can a real estate licensee sell real property in a lottery?
