KY REAL ESTATE FINAL EXAM PRACTICE
FINAL PAPER 2026 FULL QUESTIONS
WITH CORRECT ANSWERS GRADED A+
⩥ Which of the following arrangements reflects the ideal tenant mix in a
shopping center? Answer: Each store enhances the drawing power of the
other stores.
⩥ Under the Rectangular survey system, which direction do the base
lines run on a map? Answer: East-West
⩥ REALTORS® intending to share or sell consumer information
gathered on the Internet must Answer: disclose that possibility in a
readily apparent manner on the site.
⩥ If an industrial property is described as "special purpose," it is
______. Answer: unsuitable for many uses and processes.
⩥ One or more licensees designated by the employing broker, with the
consent of the principal, to act exclusively as the agent is described as a
_________. Answer: Designated Agent
,⩥ What is the first step taken by a contractor under the quantity survey
method? Answer: Contractor lists all materials, equipment, and
necessary labor
⩥ Which of the following is an environmental exposure pathway?
Answer: Soil
⩥ If a cooperating broker accepts the offer of subagency from a listing
broker, to whom does the cooperating broker owe fiduciary duties?
Answer: Seller
⩥ Who can get in legal trouble for acting outside of their scope of
expertise? Answer: Principal Broker
Salesperson
Attorney
All of the above - Correct
⩥ What is NOT a valid reason for a breach of contract? Answer:
Unilateral rescission by the buyer after the contingencies have expired
⩥ An exclusive listing agreement may contain ________. Answer:
Listing term of less than one year
, ⩥ Who cannot be a client in a real estate transaction? Answer:
Corporation
Limited Partnership
Agent's family members
None of the above--
⩥ Which benefits are the least likely to be paid out to a Principal Broker
with a $1 million / $1 million errors and omissions (E&O) insurance
policy after a filed lawsuit by two or more unhappy clients over an
unintentional mistake? Answer: A $2 million dollar judgment paid out to
one party
⩥ What is the name of the national survey system that was first
established many years ago to classify giant land parcels before naming
an independent owner? Answer: Public Land Survey System
⩥ What was the original name of the National Association of
REALTORS® when it was first founded? Answer: The National
Association of Real Estate Exchanges
⩥ An Accountant, Lawyer, Insurance Agent, and Principal Broker all
share what types of relationships with their clients? Answer: Fiduciary
⩥ What year did the temporary FDIC increase become "permanent"?
Answer: 2010
FINAL PAPER 2026 FULL QUESTIONS
WITH CORRECT ANSWERS GRADED A+
⩥ Which of the following arrangements reflects the ideal tenant mix in a
shopping center? Answer: Each store enhances the drawing power of the
other stores.
⩥ Under the Rectangular survey system, which direction do the base
lines run on a map? Answer: East-West
⩥ REALTORS® intending to share or sell consumer information
gathered on the Internet must Answer: disclose that possibility in a
readily apparent manner on the site.
⩥ If an industrial property is described as "special purpose," it is
______. Answer: unsuitable for many uses and processes.
⩥ One or more licensees designated by the employing broker, with the
consent of the principal, to act exclusively as the agent is described as a
_________. Answer: Designated Agent
,⩥ What is the first step taken by a contractor under the quantity survey
method? Answer: Contractor lists all materials, equipment, and
necessary labor
⩥ Which of the following is an environmental exposure pathway?
Answer: Soil
⩥ If a cooperating broker accepts the offer of subagency from a listing
broker, to whom does the cooperating broker owe fiduciary duties?
Answer: Seller
⩥ Who can get in legal trouble for acting outside of their scope of
expertise? Answer: Principal Broker
Salesperson
Attorney
All of the above - Correct
⩥ What is NOT a valid reason for a breach of contract? Answer:
Unilateral rescission by the buyer after the contingencies have expired
⩥ An exclusive listing agreement may contain ________. Answer:
Listing term of less than one year
, ⩥ Who cannot be a client in a real estate transaction? Answer:
Corporation
Limited Partnership
Agent's family members
None of the above--
⩥ Which benefits are the least likely to be paid out to a Principal Broker
with a $1 million / $1 million errors and omissions (E&O) insurance
policy after a filed lawsuit by two or more unhappy clients over an
unintentional mistake? Answer: A $2 million dollar judgment paid out to
one party
⩥ What is the name of the national survey system that was first
established many years ago to classify giant land parcels before naming
an independent owner? Answer: Public Land Survey System
⩥ What was the original name of the National Association of
REALTORS® when it was first founded? Answer: The National
Association of Real Estate Exchanges
⩥ An Accountant, Lawyer, Insurance Agent, and Principal Broker all
share what types of relationships with their clients? Answer: Fiduciary
⩥ What year did the temporary FDIC increase become "permanent"?
Answer: 2010
