Kentucky Real Estate Exam Prep

KS Salesperson Practice Exam

Our Kentucky Real Estate Exam Preparation guide will have you quickly prepared for your upcoming Salesperson License Exam. We have helped license over 50,000 students with an exam pass rate of over 95%. The practice exam questions and answers were created by industry experts and are constantly updated to Kentucky’s licensing requirements. We stand by our real estate practice exams and offer an exam pass guarantee.

How to Become a Real Estate Agent in KY

The Kentucky Real Estate Commission requires new applicants to successfully complete all real estate pre-license courses before taking the state exam. If you fail the Kentucky real estate exam, you will not be licensed. While it is a challenging test, we guarantee that you will pass when you use our Kentucky real estate study guides.

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Kentucky Sample Practice Real Estate Exam Questions and Answers

Kentucky State Section

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Question 1

Does Kentucky has homestead laws?

A	No
B	Yes

Question 2

Is Kentucky a community property state?

A	Yes
B	No

Question 3

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	due date
D	offer

Question 4

In what circumstances, if any, can a broker in Kentucky who is serving as an intermediary representing both parties collect compensation from both the buyer and the seller?

A	None; the broker may only collect compensation from one party to a transaction
B	Only when both buyer and seller have legal representation
C	In most circumstances, except when the buyer and seller are related
D	Only when both buyer and seller give informed consent to this arrangement

Question 5

Which of the following is required for an applicant to receive a Real Estate License?

A	Must sit and pass the required exam
B	Must have lived in the state for more than a year
C	Must be 25 or older
D	Must have a Bachelors degree

Question 6

How often is Continuing Education due?

A	every year
B	every 2 years
C	every 3 years
D	every 4 years

Question 7

Which of the following is a landlord's option for a tenant not paying the rent?

A	unlawful detainer action in court
B	lock the tenant out of the apartment
C	shut off the power
D	shutoff the gas

Question 8

Mortgage "discount" points only apply if which of the following conditions are met?

A	The seller has agreed to pay 1% of the closing costs
B	The interest rate on the mortgage loan has been lowered by 2% for each point charged
C	The interest rate on the mortgage loan has been lowered by 1% for each point charged
D	The loan does not close and the buyer owes the lender for services rendered

Question 9

Does Kentucky have dower laws?

A	Yes
B	No

Question 10

Who is responsible for maintaining a habitable property and for complying with local housing and building codes?

A	Lessor
B	Lessee
C	Buyer
D	Agent

Question 11

The license law is administered by:

A	Commission on Real Estate in Kentucky
B	Kentucky Department of Real Estate
C	Kentucky Real Estate Commission
D	Department of Real Estate

Question 12

Does Kentucky allow Holographic wills?

A	Yes
B	No

Question 13

How soon can a broker receive a commission check after a closing in Kentucky?

A	When the Buyer moves in.
B	Once the offer sheet is signed.
C	Once the seller agrees to the price.
D	After the transaction is completed and funded.

Question 14

Which of the following would not put a sales person in jeopardy of losing their license in Kentucky?

A	Being authorized to accept and excessive commission.
B	Convicted of a felony
C	Placing an ad claiming to be a broker when they are not.
D	Depositing his/her clients escrow money into a personal account

Question 15

What is a holographic will?

A	a standard boiler plate will.
B	a will that has been approved by each family member.
C	a will that displays in 3D
D	a will and testament that has been entirely handwritten and signed by the testator.

Question 16

What is homestead protection?

A	The estimated value that an asset will have at then end of it's useful life
B	Gradual subsidence of waters, leaving dry land
C	Net cash remaining to investor after sale of investment property
D	The status provided to a home owner's principal residence that protects the home against judgement up to a specified amount.

Question 17

Standing trees would be considered:

A	Personal Property
B	Emblements
C	Real Property
D	Chattels

Question 18

Does Kentucky participate in reciprocity with other states?

A	Yes
B	No

Question 19

What term means "going to the state?"

A	Escheat is if someone dies and there is no one to inherit or no will the property goes to the state.
B	Taxation
C	police power
D	escheat
E	Eminent Domain

Question 20

What tenancies does Kentucky allow?

A	Join Tenancy
B	Neither
C	Both
D	Tenancy by the entirety

Question 21

Which of the following isn't part of a deed?

A	Premises
B	novation
C	Habendum
D	acknowledgement

Question 22

A Salesperson license fee costs how much?

A	$125
B	$50
C	$60
D	$100

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Kentucky Real Estate Exam Prep

KS Salesperson Practice Exam

How to Become a Real Estate Agent in KY

What Do I Get with the Kentucky Real Estate Exam Prep?

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Kentucky License Requirements

Kentucky Reciprocal Agreements

Kentucky Sample Practice Real Estate Exam Questions and Answers

Kentucky State Section

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