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

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

A	The interest rate on the mortgage loan has been lowered by 1% for each point charged
B	The loan does not close and the buyer owes the lender for services rendered
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 2

Does Kentucky has homestead laws?

A	No
B	Yes

Question 3

How often is Continuing Education due?

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

Question 4

Does Kentucky have dower laws?

A	No
B	Yes

Question 5

A Salesperson license fee costs how much?

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

Question 6

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

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

Question 7

What is a holographic will?

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

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 have legal representation
B	None; the broker may only collect compensation from one party to a transaction
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 9

The license law is administered by:

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

Question 10

Which is not necessary for a valid contract?

A	acceptance
B	due date
C	legal object
D	offer

Question 11

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	Depositing his/her clients escrow money into a personal account
C	Convicted of a felony
D	Placing an ad claiming to be a broker when they are not.

Question 12

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

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

Question 13

Does Kentucky participate in reciprocity with other states?

A	No
B	Yes

Question 14

What tenancies does Kentucky allow?

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

Question 15

Is Kentucky a community property state?

A	Yes
B	No

Question 16

What term means "going to the state?"

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

Question 17

Standing trees would be considered:

A	Real Property
B	Emblements
C	Personal Property
D	Chattels

Question 18

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

A	acknowledgement
B	Premises
C	Habendum
D	novation

Question 19

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

A	Agent
B	Lessor
C	Lessee
D	Buyer

Question 20

What is homestead protection?

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

Question 21

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

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

Question 22

Does Kentucky allow Holographic wills?

A	Yes
B	No

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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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