KY real estate | Questions and Answers with complete

what happens with a Judicial foreclosure? - the mortgaged property is sold under the supervision of a court broker Dean realizes he has relocation buyers. What is something he should focus on with these buyers? - finding a property with good resale value real estate licensees should know enough about building ordinances to be able to... - alert clients of potential problems in a home if an industrial property is described as "special-purpose" it is... - unsuitable for many uses and processes. during the final walk-through a buyer sees that the seller did not remove a downed tree. What is the best way of handling this? - at the closing the buyer could ask for a credit from the seller to remove the downed tree. what is the main purpose of the Kentucky Real Estate Commission? - to put into effect and make known the administrative regulations to effectively carry out and enforce the provisions of the Kentucky statutes governing real estate. who must a principal broker supervise in a real estate office? - all licensees Affiliated to the principal broker and all other unlicensed employees at that office. broker Hannah just received a $5,000 escrow money deposit how long does she have to deposit it under Kentucky law? - without unreasonable delay what type of insurance is mandatory for all active licensees? - errors and omissions insurance sales associate Nika is showing a property with an electronic lockbox how should she access the property? - by using the eKEY smartphone application