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Perry Real Estate Final Exam Exam Newest 2026/2027 Actual
Exam Complete Questions And Correct Answers(Verified
Answers)|Already Graded A+||Just Out!!!
If a licensee receives a complaint from the commission he or
she must - ANSWER-he has 20 days to answer a complaint
Eloise is representing a buyer for a property. The buyer looks at
a property that is actually owned by Eloise and her husband
Lenny and listed by Eloise. Eloise does not mention this fact to
the buyer. Eloise is in violation of license law for - ANSWER-
Undisclosed dual agency
Danyal has a felony conviction that does not show up on his
background check. He does not inform the commission of this
conviction. The commission can discipline Danyal's license for -
ANSWER-If Danyal does not disclose his felony he has obtained
a license through false means
Janet attended nine hours of continuing education in the last
calendar year. All of these hours were in law. Which of the
following is true - ANSWER-A licensee must take a minimum of
three hours of law but may take more
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If a licensee has been found guilty of fraud in order to pay
restitution the consumer can receive up to blank dollars from
the recovery fund - ANSWER-$20K
Donna's license has been canceled. She can have her license
renewed as long as she does so within - ANSWER-One year
An earnest money deposit must be placed into escrow within
blank days of receipt - ANSWER-3 business days
All of the following are exempt from licensure except -
ANSWER-A personal assistant is not exempt from licensure but
must follow the laws pertaining to personal assistance
A personal assistant may give out all of the information about a
listed property except - ANSWER-A personal assistant may not
disclose the purchase price on a contract
Real estate brokerage includes all of the following activities
except - ANSWER-Acting as a trustee
If a licensee is found in violation of license on discipline is
ordered the licensee - ANSWER-Can appeal to circuit court
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In order to legally sell real estate at auction, to licensees must
be present an auctioneer and a - ANSWER-Broker
If a licensee is found to be in violation of license law
decommission can order all of the following except - ANSWER-
Fine of $2K
Play principal broker is required by law to - ANSWER-Exercise
adequate supervision over their agents
By law if an agent is asked to complete the sellers disclosure
form the agent must have - ANSWER-There must be a hold
harmless clause
If a principal broker fails to return an agents license when asked
the principal broker - ANSWER-It is improper to fail to return an
agents license when asked
If a Kentucky license he wants to promote an out of state
property in the state of Kentucky he or she must - ANSWER-
Seek permission from the commission
Perry Real Estate Final Exam Exam Newest 2026/2027 Actual
Exam Complete Questions And Correct Answers(Verified
Answers)|Already Graded A+||Just Out!!!
If a licensee receives a complaint from the commission he or
she must - ANSWER-he has 20 days to answer a complaint
Eloise is representing a buyer for a property. The buyer looks at
a property that is actually owned by Eloise and her husband
Lenny and listed by Eloise. Eloise does not mention this fact to
the buyer. Eloise is in violation of license law for - ANSWER-
Undisclosed dual agency
Danyal has a felony conviction that does not show up on his
background check. He does not inform the commission of this
conviction. The commission can discipline Danyal's license for -
ANSWER-If Danyal does not disclose his felony he has obtained
a license through false means
Janet attended nine hours of continuing education in the last
calendar year. All of these hours were in law. Which of the
following is true - ANSWER-A licensee must take a minimum of
three hours of law but may take more
,2|Page
If a licensee has been found guilty of fraud in order to pay
restitution the consumer can receive up to blank dollars from
the recovery fund - ANSWER-$20K
Donna's license has been canceled. She can have her license
renewed as long as she does so within - ANSWER-One year
An earnest money deposit must be placed into escrow within
blank days of receipt - ANSWER-3 business days
All of the following are exempt from licensure except -
ANSWER-A personal assistant is not exempt from licensure but
must follow the laws pertaining to personal assistance
A personal assistant may give out all of the information about a
listed property except - ANSWER-A personal assistant may not
disclose the purchase price on a contract
Real estate brokerage includes all of the following activities
except - ANSWER-Acting as a trustee
If a licensee is found in violation of license on discipline is
ordered the licensee - ANSWER-Can appeal to circuit court
, 3|Page
In order to legally sell real estate at auction, to licensees must
be present an auctioneer and a - ANSWER-Broker
If a licensee is found to be in violation of license law
decommission can order all of the following except - ANSWER-
Fine of $2K
Play principal broker is required by law to - ANSWER-Exercise
adequate supervision over their agents
By law if an agent is asked to complete the sellers disclosure
form the agent must have - ANSWER-There must be a hold
harmless clause
If a principal broker fails to return an agents license when asked
the principal broker - ANSWER-It is improper to fail to return an
agents license when asked
If a Kentucky license he wants to promote an out of state
property in the state of Kentucky he or she must - ANSWER-
Seek permission from the commission
