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

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

A	Buyer
B	Lessor
C	Agent
D	Lessee

Question 2

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 3

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	offer
D	due date

Question 4

How often is Continuing Education due?

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

Question 5

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

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

Question 6

What tenancies does Kentucky allow?

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

Question 7

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

A	Premises
B	Habendum
C	acknowledgement
D	novation

Question 8

Does Kentucky has homestead laws?

A	Yes
B	No

Question 9

Does Kentucky allow Holographic wills?

A	Yes
B	No

Question 10

A Salesperson license fee costs how much?

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

Question 11

What term means "going to the state?"

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

Question 12

The license law is administered by:

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

Question 13

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

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

Question 14

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

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

Question 15

Does Kentucky participate in reciprocity with other states?

A	No
B	Yes

Question 16

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

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

Question 17

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

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

Question 18

Is Kentucky a community property state?

A	No
B	Yes

Question 19

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

Question 20

What is homestead protection?

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

Question 21

Does Kentucky have dower laws?

A	No
B	Yes

Question 22

Standing trees would be considered:

A	Real Property
B	Emblements
C	Personal Property
D	Chattels

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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

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