KENTUCKY (KY) PROPERTY Real Estate VALUATION
ADMINISTRATOR (PVA) EXAM PRACTICE QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026-2027 Q&A | INSTANT DOWNLOAD
PDF
In Kentucky, what happens if a mortgage contingency is in effect and the buyer
cannot meet the terms of the agreement due to the inability to obtain a loan?
If a buyer cannot meet the terms of the agreement due to the inability to obtain
a loan, and a mortgage contingency is in effect, the agreement is terminated.
Which of the following is true regarding records related to the Kentucky Real
Estate Commission's proceedings?
A) Interested parties must pay a $10 fee per record to view them.
B) The records are made available the first Saturday of every month.
C) The records are only open to licensees, not the public.
D) The records are open to the public
D
Records related to KREC's proceedings are open to the public and can be
viewed at any time
,Nathan assisted with the purchase of a commercial building in Paducah that
will be used as a community center. He doesn't hold a real estate license, yet
his actions didn't violate any license laws. What must be true about Nathan's
situation?
Nathan is a public official whose salaried duties include real estate transactions.
What can happen if a licensee doesn't meet the requirements of a delinquency
plan with KREC for failure to complete CE requirements?
Licensees who fail to meet the requirements of a delinquency plan may have
their license suspended by KREC for up to six months
One advantage of using electronic documents and signatures in
Kentucky is convenience. Another advantage is that _.
The validity of electronic documents is equal to that of wet signed documents,
and electronic signatures meet the requirements for delivery of signed
documents
Appalachian Mountains Real Estate is a Kentucky brokerage. Normal business
hours are Tuesday through Sunday from 9 a.m. until 6 p.m. An audit is scheduled
for 11 a.m. on
Thursday. What should the broker do?
Brokers are expected to cooperate with the audits and produce any records the
auditor requests
,You're the listing agent for Melinda, who's selling her old Kentucky home. She
tells you that her son had been using the shed out back as a meth lab, but that
it's been
decontaminated and cleared by the proper authorities. Which of the following
statements is true?
A) Melinda is NOT required to disclose the presence of meth on her
property in the Seller's Disclosure of Property Conditions form.
B) You are NOT allowed to disclose the past or current presence of a meth lab on
a
property you're listing. C)You may NOT continue to list the property until you
receive documentation of the decontamination from the authorities.
D)You're violating the law if you don't proactively disclose the past presence of
meth on the property to all prospective buyers.
A
Kentucky's meth disclosure laws don't apply to a property after it's been
decontaminated and cleared by the authorities
Jill, an affiliated licensee at ABC Realty, is preparing for a listing presentation
with sellers Larry and Freda. Before she signs a listing agreement with the
couple, she's required by Kentucky law to provide them with _.
The Consumer Guide to Agency Relationships
, Cal is an unlicensed assistant in Kentucky. Which of the following is a true
statement
A) Cal can distribute legal forms that were prepared by a licensee.
B) Cal can fill out and distribute legal documents and forms.
C) Cal may place cold calls to consumers and negotiate commission rates with
them
D) When a client requests it, Cal can provide and interpret information that a
licensee prepared.
A
By when must all Kentucky real estate sales associates complete postlicensing
education requirements?
Within two years of obtaining and activating a license
What does the No Call List in Kentucky allow consumers to do?
Have both their home and cell phone numbers removed from telemarketing lists
Kentucky designated agent Mason is representing the Latimers, who receive
an offer for their home. He completes the and presents it to the
Latimers for their signature
before they review the offer.
When Mason's clients receive an offer to purchase, he'll complete the seller
version of the form and present it to his clients for signature
In Kentucky, if you're convicted of a misdemeanor, why might your real estate
license be in jeopardy?
Some misdemeanor convictions are considered improper conduct.
ADMINISTRATOR (PVA) EXAM PRACTICE QUESTIONS
AND CORRECT ANSWERS (VERIFIED ANSWERS) PLUS
RATIONALES 2026-2027 Q&A | INSTANT DOWNLOAD
In Kentucky, what happens if a mortgage contingency is in effect and the buyer
cannot meet the terms of the agreement due to the inability to obtain a loan?
If a buyer cannot meet the terms of the agreement due to the inability to obtain
a loan, and a mortgage contingency is in effect, the agreement is terminated.
Which of the following is true regarding records related to the Kentucky Real
Estate Commission's proceedings?
A) Interested parties must pay a $10 fee per record to view them.
B) The records are made available the first Saturday of every month.
C) The records are only open to licensees, not the public.
D) The records are open to the public
D
Records related to KREC's proceedings are open to the public and can be
viewed at any time
,Nathan assisted with the purchase of a commercial building in Paducah that
will be used as a community center. He doesn't hold a real estate license, yet
his actions didn't violate any license laws. What must be true about Nathan's
situation?
Nathan is a public official whose salaried duties include real estate transactions.
What can happen if a licensee doesn't meet the requirements of a delinquency
plan with KREC for failure to complete CE requirements?
Licensees who fail to meet the requirements of a delinquency plan may have
their license suspended by KREC for up to six months
One advantage of using electronic documents and signatures in
Kentucky is convenience. Another advantage is that _.
The validity of electronic documents is equal to that of wet signed documents,
and electronic signatures meet the requirements for delivery of signed
documents
Appalachian Mountains Real Estate is a Kentucky brokerage. Normal business
hours are Tuesday through Sunday from 9 a.m. until 6 p.m. An audit is scheduled
for 11 a.m. on
Thursday. What should the broker do?
Brokers are expected to cooperate with the audits and produce any records the
auditor requests
,You're the listing agent for Melinda, who's selling her old Kentucky home. She
tells you that her son had been using the shed out back as a meth lab, but that
it's been
decontaminated and cleared by the proper authorities. Which of the following
statements is true?
A) Melinda is NOT required to disclose the presence of meth on her
property in the Seller's Disclosure of Property Conditions form.
B) You are NOT allowed to disclose the past or current presence of a meth lab on
a
property you're listing. C)You may NOT continue to list the property until you
receive documentation of the decontamination from the authorities.
D)You're violating the law if you don't proactively disclose the past presence of
meth on the property to all prospective buyers.
A
Kentucky's meth disclosure laws don't apply to a property after it's been
decontaminated and cleared by the authorities
Jill, an affiliated licensee at ABC Realty, is preparing for a listing presentation
with sellers Larry and Freda. Before she signs a listing agreement with the
couple, she's required by Kentucky law to provide them with _.
The Consumer Guide to Agency Relationships
, Cal is an unlicensed assistant in Kentucky. Which of the following is a true
statement
A) Cal can distribute legal forms that were prepared by a licensee.
B) Cal can fill out and distribute legal documents and forms.
C) Cal may place cold calls to consumers and negotiate commission rates with
them
D) When a client requests it, Cal can provide and interpret information that a
licensee prepared.
A
By when must all Kentucky real estate sales associates complete postlicensing
education requirements?
Within two years of obtaining and activating a license
What does the No Call List in Kentucky allow consumers to do?
Have both their home and cell phone numbers removed from telemarketing lists
Kentucky designated agent Mason is representing the Latimers, who receive
an offer for their home. He completes the and presents it to the
Latimers for their signature
before they review the offer.
When Mason's clients receive an offer to purchase, he'll complete the seller
version of the form and present it to his clients for signature
In Kentucky, if you're convicted of a misdemeanor, why might your real estate
license be in jeopardy?
Some misdemeanor convictions are considered improper conduct.
