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

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

Question 2

What term means "going to the state?"

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

Question 3

A Salesperson license fee costs how much?

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

Question 4

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

Question 5

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

A	Agent
B	Buyer
C	Lessor
D	Lessee

Question 6

Which is not necessary for a valid contract?

A	offer
B	due date
C	legal object
D	acceptance

Question 7

What tenancies does Kentucky allow?

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

Question 8

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

A	Premises
B	acknowledgement
C	Habendum
D	novation

Question 9

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 10

Standing trees would be considered:

A	Chattels
B	Emblements
C	Personal Property
D	Real Property

Question 11

Does Kentucky participate in reciprocity with other states?

A	Yes
B	No

Question 12

Does Kentucky allow Holographic wills?

A	No
B	Yes

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 be 25 or older
D	Must sit and pass the required exam

Question 14

What is a holographic will?

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

Question 15

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

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

Question 16

Does Kentucky have dower laws?

A	No
B	Yes

Question 17

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	Gradual subsidence of waters, leaving dry land
C	Net cash remaining to investor after sale of investment property
D	The estimated value that an asset will have at then end of it's useful life

Question 18

The license law is administered by:

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

Question 19

Does Kentucky has homestead laws?

A	No
B	Yes

Question 20

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

Question 21

Is Kentucky a community property state?

A	No
B	Yes

Question 22

How often is Continuing Education due?

A	every 3 years
B	every 2 years
C	every year
D	every 4 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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How Our System Works

Kentucky License Requirements

Kentucky Reciprocal Agreements

Kentucky Sample Practice Real Estate Exam Questions and Answers

Kentucky State Section

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