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 allow Holographic wills?

A	No
B	Yes

Question 2

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	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 3

Which is not necessary for a valid contract?

A	legal object
B	acceptance
C	due date
D	offer

Question 4

What is a holographic will?

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

Question 5

Does Kentucky have dower laws?

A	No
B	Yes

Question 6

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	shutoff the gas
C	shut off the power
D	unlawful detainer action in court

Question 7

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

A	Habendum
B	Premises
C	novation
D	acknowledgement

Question 8

Does Kentucky participate in reciprocity with other states?

A	No
B	Yes

Question 9

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 10

What tenancies does Kentucky allow?

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

Question 11

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 seller has agreed to pay 1% of the closing costs
C	The interest rate on the mortgage loan has been lowered by 2% for each point charged
D	The interest rate on the mortgage loan has been lowered by 1% for each point charged

Question 12

Standing trees would be considered:

A	Personal Property
B	Real Property
C	Chattels
D	Emblements

Question 13

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 seller agrees to the price.
D	Once the offer sheet is signed.

Question 14

A Salesperson license fee costs how much?

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

Question 15

Is Kentucky a community property state?

A	Yes
B	No

Question 16

What term means "going to the state?"

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

Question 17

How often is Continuing Education due?

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

Question 18

Does Kentucky has homestead laws?

A	Yes
B	No

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

Question 20

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	Being authorized to accept and excessive commission.
C	Convicted of a felony
D	Depositing his/her clients escrow money into a personal account

Question 21

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

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

Question 22

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

A	Lessee
B	Buyer
C	Agent
D	Lessor

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Kentucky Real Estate Exam Prep

KS Salesperson Practice Exam

How to Become a Real Estate Agent in KY

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Kentucky License Requirements

Kentucky Reciprocal Agreements

Kentucky Sample Practice Real Estate Exam Questions and Answers

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