Kentucky Real Estate State Test
.... for the required criminal background check for a KY real estate licensee comes from
the data base - ANS - A. Federal Bureau of Investigations
B. Kentucky State Police Department
C. Administrative Office of the Courts
D. Kentucky Department of Corrections
A back up offer is - ANS - A. A type of counteroffer made by the seller
B. An option to purchase that gives the buyer the first right of refusal
C. An offer that was rejected because a previous offer had been accepted for more
money
D. An offer subject to a previously accepted offer that has priority this offer
A condominium association shall furnish a certificate, if requested in writing by the unit
owners within what time period after the request is received. - ANS - A. 72 hours
B. 5 Days
C. 7 Days
D. 10 Days
D
A licensee sells a buyer a home. The buyer plans to live in the house for five years and
is concerned about making enough money on resale to pay the projected selling
expenses. - ANS - A. Is in violation of Kentucky Real Estate License law
, B. Must, by law, be able to prove this claim with this data
C. Can make this statement because it is only puffing
D. Must put this guarantee in writing
A listing agent owes which of the following duties to the seller under Kentucky Law -
ANS - A. Obtain a survey of the property
B. Assist the seller in negotiating offers
C. Complete an appraisal of the property
D. Prequalify all buyers prior to showing the property
A principal broker who has a branch office 110 miles from the main office MUST - ANS
- A. Personally manage the branch office
B. Have a sales associate act as a sales manager
C. Have another broker manage the branch office
D. Obtain written permission from the KREC for a sales associate to manage the branch
office
A real estate broker created a drone video of his listing to post on social media, in the
video post, the broker must also - ANS - A. Include the brokerage company logo at
the end of the video
B. State the number of bedrooms, the square footage, and the price
C. Include a slide at the beginning of the video including the address of the listed
property
D. State or include a slide at the beginning of the video giving the name of the principal
broker or the brokerage company
A real estate licensee has her client sign an offer to purchase on the clients mobile
device. Is this in compliance with KY statue of frauds? - ANS - A. No, Electronic
signatures are not acceptable for contracts
.... for the required criminal background check for a KY real estate licensee comes from
the data base - ANS - A. Federal Bureau of Investigations
B. Kentucky State Police Department
C. Administrative Office of the Courts
D. Kentucky Department of Corrections
A back up offer is - ANS - A. A type of counteroffer made by the seller
B. An option to purchase that gives the buyer the first right of refusal
C. An offer that was rejected because a previous offer had been accepted for more
money
D. An offer subject to a previously accepted offer that has priority this offer
A condominium association shall furnish a certificate, if requested in writing by the unit
owners within what time period after the request is received. - ANS - A. 72 hours
B. 5 Days
C. 7 Days
D. 10 Days
D
A licensee sells a buyer a home. The buyer plans to live in the house for five years and
is concerned about making enough money on resale to pay the projected selling
expenses. - ANS - A. Is in violation of Kentucky Real Estate License law
, B. Must, by law, be able to prove this claim with this data
C. Can make this statement because it is only puffing
D. Must put this guarantee in writing
A listing agent owes which of the following duties to the seller under Kentucky Law -
ANS - A. Obtain a survey of the property
B. Assist the seller in negotiating offers
C. Complete an appraisal of the property
D. Prequalify all buyers prior to showing the property
A principal broker who has a branch office 110 miles from the main office MUST - ANS
- A. Personally manage the branch office
B. Have a sales associate act as a sales manager
C. Have another broker manage the branch office
D. Obtain written permission from the KREC for a sales associate to manage the branch
office
A real estate broker created a drone video of his listing to post on social media, in the
video post, the broker must also - ANS - A. Include the brokerage company logo at
the end of the video
B. State the number of bedrooms, the square footage, and the price
C. Include a slide at the beginning of the video including the address of the listed
property
D. State or include a slide at the beginning of the video giving the name of the principal
broker or the brokerage company
A real estate licensee has her client sign an offer to purchase on the clients mobile
device. Is this in compliance with KY statue of frauds? - ANS - A. No, Electronic
signatures are not acceptable for contracts
