age 1 of 24
KENTUCKY STATE PORTION FINAL EXAM PREP
2025/2026 ACCURATE QUESTIONS WITH CORRECT
DETAILED ANSWERS || 100% GUARANTEED PASS
<RECENT VERSION>
Kristin's marketing materials indicate that the property is 2,867
square feet, not including the attached sun room. After the
transaction closes, the buyers discover that the property is in fact
only 2,567 square feet including the sunroom. Is Kristin guilty of
misrepresentation? .......Answer.........Positive misrepresentation is
when a defect is intentionally concealed. Unintentional
misrepresentation occurs when someone makes an inadvertent
misstatement.
,age 2 of 24
It's legal for licensed real estate brokers in Kentucky to rebate
commissions to ______. .......Answer.........a party to the
transaction
what are the penalties for unlicensed brokerage for first time
offenders .......Answer.........class A misdemeanor, fine ranging
from $100-$1000 and additional fine equal to the amount paid
or recieved
What does a broker have to do in Kentucky to maintain their
right to place a lien on a residential property?
.......Answer.........No broker in Kentucky is allowed to acquire a
lien unless it is agreed to in writing that the broker will be paid
for broker services rendered.
Based on what you know about the Kentucky statute of frauds
and real estate sales contracts, which of the following statements
, age 3 of 24
is true? .......Answer.........Kentucky's statute of frauds requires
contracts transferring interest in real property to be in writing.
Oral contracts for the sale of real estate are prohibited. Verbal
agreements or modifications to a real estate sales contract
aren't enforceable.
if Kentucky Real Estate Commission members don't conduct a
violation hearing, who does? .......Answer.........a hearing officer
what is the license renew date and fee .......Answer.........Mar 31
and $60
what is the license renewal late fee .......Answer.........$200
when do you need to pay e and o insurance by
.......Answer.........march 31 11:50 pm
KENTUCKY STATE PORTION FINAL EXAM PREP
2025/2026 ACCURATE QUESTIONS WITH CORRECT
DETAILED ANSWERS || 100% GUARANTEED PASS
<RECENT VERSION>
Kristin's marketing materials indicate that the property is 2,867
square feet, not including the attached sun room. After the
transaction closes, the buyers discover that the property is in fact
only 2,567 square feet including the sunroom. Is Kristin guilty of
misrepresentation? .......Answer.........Positive misrepresentation is
when a defect is intentionally concealed. Unintentional
misrepresentation occurs when someone makes an inadvertent
misstatement.
,age 2 of 24
It's legal for licensed real estate brokers in Kentucky to rebate
commissions to ______. .......Answer.........a party to the
transaction
what are the penalties for unlicensed brokerage for first time
offenders .......Answer.........class A misdemeanor, fine ranging
from $100-$1000 and additional fine equal to the amount paid
or recieved
What does a broker have to do in Kentucky to maintain their
right to place a lien on a residential property?
.......Answer.........No broker in Kentucky is allowed to acquire a
lien unless it is agreed to in writing that the broker will be paid
for broker services rendered.
Based on what you know about the Kentucky statute of frauds
and real estate sales contracts, which of the following statements
, age 3 of 24
is true? .......Answer.........Kentucky's statute of frauds requires
contracts transferring interest in real property to be in writing.
Oral contracts for the sale of real estate are prohibited. Verbal
agreements or modifications to a real estate sales contract
aren't enforceable.
if Kentucky Real Estate Commission members don't conduct a
violation hearing, who does? .......Answer.........a hearing officer
what is the license renew date and fee .......Answer.........Mar 31
and $60
what is the license renewal late fee .......Answer.........$200
when do you need to pay e and o insurance by
.......Answer.........march 31 11:50 pm
