1|Page
KENTUCKY REAL ESTATE FINAL EXAM LATEST
2024 WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+
100% GUARANTEED TO PASS CONCEPTS(ALL
WHAT YOU NEED) LATEST EDITION 2024
What is unlawful for unlicensed individuals in real
estate? - .....ANSWER ...✔✔ It is unlawful for
unlicensed individuals to advertise or represent
themselves as real estate brokers or sales associates.
What must licensed owners or builder-developers
comply with? - .....ANSWER ...✔✔ They must comply
with the statutes and administrative regulations
governing real estate brokers and sales associates.
Under what conditions can a broker pay a referral fee
to an out-of-state broker? - .....ANSWER ...✔✔ A
broker can pay a referral fee to a broker licensed
outside of Kentucky for referring a client to the Kentucky
broker.
,2|Page
What is the restriction on sales associates regarding
supervision? - .....ANSWER ...✔✔ No sales associate
shall supervise another licensed sales associate or
manage a real estate brokerage office, except as
authorized by specific statutes.
What actions can the Kentucky Real Estate Commission
take against unlicensed individuals? - .....ANSWER
...✔✔ The Commission can file a civil action and
obtain a court order against unlicensed individuals
acting in violation of real estate statutes.
Who is exempt from needing a real estate license? -
.....ANSWER ...✔✔ Exempt individuals include
property owners performing management acts, power
of attorney agents, attorneys-at-law, court-appointed
individuals, and regular employees of these persons.
What can a nonlicensed personal assistant NOT do in
real estate? - .....ANSWER ...✔✔ They cannot
negotiate terms, complete contracts, disclose non-public
information, attend closings without a licensee, access
trade group information, write ads without review,
express opinions, interpret contracts, or represent having
a license.
,3|Page
What tasks can a nonlicensed personal assistant
perform? - .....ANSWER ...✔✔ They can distribute
literature, serve refreshments, greet guests, procure
signatures at open houses with consent, and provide
general public information about real estate.
What information can a nonlicensed assistant provide to
the public? - .....ANSWER ...✔✔ They can provide
information on whether real estate is listed, under
contract, closed, the listing price, and other written
information approved by the supervising licensee.
What is required for a nonlicensed assistant to serve at
an open house? - .....ANSWER ...✔✔ They need
written consent from the seller or lessor and direction
from the supervising licensee.
What is the consequence for a broker who splits fees
with an unlicensed person? - .....ANSWER ...✔✔ A
broker shall not split fees with or compensate any
unlicensed person for acts regulated by the chapter.
What is KRS 324.235 to 324.238 related to? -
.....ANSWER ...✔✔ These statutes govern the payment
of commissions or compensation to out-of-state brokers.
, 4|Page
What type of tasks can a nonlicensed individual perform
under supervision? - .....ANSWER ...✔✔ They can
undertake general administrative or clerical tasks within
a real estate company.
What must a nonlicensed assistant avoid in terms of real
estate transactions? - .....ANSWER ...✔✔ They must
avoid negotiating terms or completing offers related to
real estate transactions.
What is a key restriction on nonlicensed individuals
regarding advertisements? - .....ANSWER ...✔✔ They
cannot write or place advertisements without review by
a licensed real estate professional.
What type of information can nonlicensed individuals
disclose? - .....ANSWER ...✔✔ They can disclose
general public information about real estate listings,
contracts, and closing status.
What role does a supervising licensee play for
nonlicensed assistants? - .....ANSWER ...✔✔ The
supervising licensee must approve disclosures and
review advertisements made by nonlicensed assistants.
KENTUCKY REAL ESTATE FINAL EXAM LATEST
2024 WITH ACTUAL QUESTIONS AND CORRECT
VERIFIED ANSWERS/ALREADY GRADED A+
100% GUARANTEED TO PASS CONCEPTS(ALL
WHAT YOU NEED) LATEST EDITION 2024
What is unlawful for unlicensed individuals in real
estate? - .....ANSWER ...✔✔ It is unlawful for
unlicensed individuals to advertise or represent
themselves as real estate brokers or sales associates.
What must licensed owners or builder-developers
comply with? - .....ANSWER ...✔✔ They must comply
with the statutes and administrative regulations
governing real estate brokers and sales associates.
Under what conditions can a broker pay a referral fee
to an out-of-state broker? - .....ANSWER ...✔✔ A
broker can pay a referral fee to a broker licensed
outside of Kentucky for referring a client to the Kentucky
broker.
,2|Page
What is the restriction on sales associates regarding
supervision? - .....ANSWER ...✔✔ No sales associate
shall supervise another licensed sales associate or
manage a real estate brokerage office, except as
authorized by specific statutes.
What actions can the Kentucky Real Estate Commission
take against unlicensed individuals? - .....ANSWER
...✔✔ The Commission can file a civil action and
obtain a court order against unlicensed individuals
acting in violation of real estate statutes.
Who is exempt from needing a real estate license? -
.....ANSWER ...✔✔ Exempt individuals include
property owners performing management acts, power
of attorney agents, attorneys-at-law, court-appointed
individuals, and regular employees of these persons.
What can a nonlicensed personal assistant NOT do in
real estate? - .....ANSWER ...✔✔ They cannot
negotiate terms, complete contracts, disclose non-public
information, attend closings without a licensee, access
trade group information, write ads without review,
express opinions, interpret contracts, or represent having
a license.
,3|Page
What tasks can a nonlicensed personal assistant
perform? - .....ANSWER ...✔✔ They can distribute
literature, serve refreshments, greet guests, procure
signatures at open houses with consent, and provide
general public information about real estate.
What information can a nonlicensed assistant provide to
the public? - .....ANSWER ...✔✔ They can provide
information on whether real estate is listed, under
contract, closed, the listing price, and other written
information approved by the supervising licensee.
What is required for a nonlicensed assistant to serve at
an open house? - .....ANSWER ...✔✔ They need
written consent from the seller or lessor and direction
from the supervising licensee.
What is the consequence for a broker who splits fees
with an unlicensed person? - .....ANSWER ...✔✔ A
broker shall not split fees with or compensate any
unlicensed person for acts regulated by the chapter.
What is KRS 324.235 to 324.238 related to? -
.....ANSWER ...✔✔ These statutes govern the payment
of commissions or compensation to out-of-state brokers.
, 4|Page
What type of tasks can a nonlicensed individual perform
under supervision? - .....ANSWER ...✔✔ They can
undertake general administrative or clerical tasks within
a real estate company.
What must a nonlicensed assistant avoid in terms of real
estate transactions? - .....ANSWER ...✔✔ They must
avoid negotiating terms or completing offers related to
real estate transactions.
What is a key restriction on nonlicensed individuals
regarding advertisements? - .....ANSWER ...✔✔ They
cannot write or place advertisements without review by
a licensed real estate professional.
What type of information can nonlicensed individuals
disclose? - .....ANSWER ...✔✔ They can disclose
general public information about real estate listings,
contracts, and closing status.
What role does a supervising licensee play for
nonlicensed assistants? - .....ANSWER ...✔✔ The
supervising licensee must approve disclosures and
review advertisements made by nonlicensed assistants.
