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

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 2

The license law is administered by:

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

Question 3

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

A	Premises
B	novation
C	Habendum
D	acknowledgement

Question 4

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

A	Lessee
B	Agent
C	Buyer
D	Lessor

Question 5

Does Kentucky have dower laws?

A	No
B	Yes

Question 6

What tenancies does Kentucky allow?

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

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	shut off the power
C	shutoff the gas
D	lock the tenant out of the apartment

Question 8

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

Question 9

Does Kentucky allow Holographic wills?

A	Yes
B	No

Question 10

A Salesperson license fee costs how much?

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

Question 11

What is a holographic will?

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

Question 12

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

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

Question 13

Which is not necessary for a valid contract?

A	offer
B	due date
C	acceptance
D	legal object

Question 14

Does Kentucky has homestead laws?

A	Yes
B	No

Question 15

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	Eminent Domain
C	escheat
D	Taxation
E	police power

Question 16

Is Kentucky a community property state?

A	No
B	Yes

Question 17

Standing trees would be considered:

A	Personal Property
B	Real Property
C	Emblements
D	Chattels

Question 18

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

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

Question 19

Does Kentucky participate in reciprocity with other states?

A	Yes
B	No

Question 20

What is homestead protection?

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

Question 21

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 22

How often is Continuing Education due?

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

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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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