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

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 2

Is Kentucky a community property state?

A	No
B	Yes

Question 3

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 4

Which is not necessary for a valid contract?

A	acceptance
B	legal object
C	due date
D	offer

Question 5

Does Kentucky allow Holographic wills?

A	No
B	Yes

Question 6

Does Kentucky have dower laws?

A	No
B	Yes

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

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

Question 9

How often is Continuing Education due?

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

Question 10

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 11

Standing trees would be considered:

A	Chattels
B	Personal Property
C	Emblements
D	Real Property

Question 12

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

A	acknowledgement
B	Premises
C	Habendum
D	novation

Question 13

Does Kentucky has homestead laws?

A	No
B	Yes

Question 14

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

A	Lessee
B	Lessor
C	Buyer
D	Agent

Question 15

What tenancies does Kentucky allow?

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

Question 16

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 17

A Salesperson license fee costs how much?

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

Question 18

The license law is administered by:

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

Question 19

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 sit and pass the required exam
D	Must have a Bachelors degree

Question 20

Does Kentucky participate in reciprocity with other states?

A	Yes
B	No

Question 21

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

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

Question 22

What term means "going to the state?"

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

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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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