Real Estate Questions & Answers ||
Complete Practice Test || Latest
2026–2027
** Expert-Verified Explanation
** All Questions with Verified Answer
** Guaranteed Pass
** 100% Correct Answers | Graded A+
, A buyer client in Kentucky is suing Janet for an Errors and omissions insurance
inadvertent mistake she made in a real estate
transaction. What insurance policy covers this type of (E&O insurance covers licensees who are sued by consumers for inadvertent
situation? mistakes in a real estate transaction)
Kentucky licensee Kylie is working with a buyer client D
who has a written agency agreement with Kylie's
brokerage firm. Based on Kentucky law, which of the The minimum duty Kentucky licensees owe buyer clients who are paying for their
following duties does Kylie owe her client? services is to promptly submit all written offers from the buyer to the seller
A)Assist her client in completing a loan application.
B)Find a property that fits her client's needs and
expectations.
C)Perform the home inspection and provide a report of
the results.
D)Promptly submit her client's written offer to the seller.
Kentucky real estate licensee Camden has an exclusive Yes, the exclusive right-to-sell agency agreement guarantees Cameron a
right-to-sell agency agreement with his seller client commission no matter who finds a buyer.
Melody. Is Melody obligated to pay Camden a
commission if she or a broker from another firm finds a (An exclusive right-to-sell/lease agreement allows the broker to list the property
buyer to purchase Melody's property? and receive a commission no matter who brings the buyer/lessee to the
seller/landlord)
What is KREC's fee to place a license in inactive status? Licensees will pay $10 to KREC to place their license in inactive status
When selling a Kentucky condominium unit, the The Condominium Seller's Certificate discloses information about a condominium
Condominium Seller Certificate is used to ______ association's fees, operations, budget, and regulations
By what date do licensees need to complete their Licensees in Kentucky must complete their six hours of the annual CE
biennial CE requirement in Kentucky? requirement by December 31
If a complaint for a license law violation in Kentucky does If KREC deems a complaint as lacking evidence of a license law violation,
not constitute a prima facie case, the complainant has complainants have 10 days to revise and supplement the case or it will be
______ days to revise and supplement the case. dismissed.
Amanda helps her neighbor sell his home in Louisville by Doesn't need a real estate license
assisting him with the negotiations. She receives no
compensation for her assistance. Based on this one Amanda can't claim she's a licensed agent or accept payment. However, if her
transaction, Amanda ______. friend asks her for advice, she could offer it as a friend. Watch out with this. It's
easy to step over the line into performing illegal activities.
Top of the Hill Realty in Kentucky decides it's time to Review the firm's and KREC's record retention and disposal rules.
clean out the files. What's the most likely first step?
The first step is to review your firm's rules and KREC's records retention
requirements so no files are accidentally destroyed
Marcia is an unlicensed assistant in Kentucky. Which of A
the following tasks is she permitted to perform?
An unlicensed assistant may assist with an open house by greeting guests,
A)Greet people at an open house. serving refreshments, and distributing pre-approved marketing materials as long
B)Host an open house. as the seller agrees.
C)Interpret listing information for a client.
D)Show properties.
How many classroom hours of pre-licensing education Sales associate candidates must take 96 classroom hours of real estate
are required for someone to become a real estate sales coursework from an approved proprietary school to become a licensed sales
associate in Kentucky? associate
The KREC Exclusive Right to Sell Agency Contract is a The seller, principal broker, and authorized agent
legally binding contract once it's signed by ______.
Complete Practice Test || Latest
2026–2027
** Expert-Verified Explanation
** All Questions with Verified Answer
** Guaranteed Pass
** 100% Correct Answers | Graded A+
, A buyer client in Kentucky is suing Janet for an Errors and omissions insurance
inadvertent mistake she made in a real estate
transaction. What insurance policy covers this type of (E&O insurance covers licensees who are sued by consumers for inadvertent
situation? mistakes in a real estate transaction)
Kentucky licensee Kylie is working with a buyer client D
who has a written agency agreement with Kylie's
brokerage firm. Based on Kentucky law, which of the The minimum duty Kentucky licensees owe buyer clients who are paying for their
following duties does Kylie owe her client? services is to promptly submit all written offers from the buyer to the seller
A)Assist her client in completing a loan application.
B)Find a property that fits her client's needs and
expectations.
C)Perform the home inspection and provide a report of
the results.
D)Promptly submit her client's written offer to the seller.
Kentucky real estate licensee Camden has an exclusive Yes, the exclusive right-to-sell agency agreement guarantees Cameron a
right-to-sell agency agreement with his seller client commission no matter who finds a buyer.
Melody. Is Melody obligated to pay Camden a
commission if she or a broker from another firm finds a (An exclusive right-to-sell/lease agreement allows the broker to list the property
buyer to purchase Melody's property? and receive a commission no matter who brings the buyer/lessee to the
seller/landlord)
What is KREC's fee to place a license in inactive status? Licensees will pay $10 to KREC to place their license in inactive status
When selling a Kentucky condominium unit, the The Condominium Seller's Certificate discloses information about a condominium
Condominium Seller Certificate is used to ______ association's fees, operations, budget, and regulations
By what date do licensees need to complete their Licensees in Kentucky must complete their six hours of the annual CE
biennial CE requirement in Kentucky? requirement by December 31
If a complaint for a license law violation in Kentucky does If KREC deems a complaint as lacking evidence of a license law violation,
not constitute a prima facie case, the complainant has complainants have 10 days to revise and supplement the case or it will be
______ days to revise and supplement the case. dismissed.
Amanda helps her neighbor sell his home in Louisville by Doesn't need a real estate license
assisting him with the negotiations. She receives no
compensation for her assistance. Based on this one Amanda can't claim she's a licensed agent or accept payment. However, if her
transaction, Amanda ______. friend asks her for advice, she could offer it as a friend. Watch out with this. It's
easy to step over the line into performing illegal activities.
Top of the Hill Realty in Kentucky decides it's time to Review the firm's and KREC's record retention and disposal rules.
clean out the files. What's the most likely first step?
The first step is to review your firm's rules and KREC's records retention
requirements so no files are accidentally destroyed
Marcia is an unlicensed assistant in Kentucky. Which of A
the following tasks is she permitted to perform?
An unlicensed assistant may assist with an open house by greeting guests,
A)Greet people at an open house. serving refreshments, and distributing pre-approved marketing materials as long
B)Host an open house. as the seller agrees.
C)Interpret listing information for a client.
D)Show properties.
How many classroom hours of pre-licensing education Sales associate candidates must take 96 classroom hours of real estate
are required for someone to become a real estate sales coursework from an approved proprietary school to become a licensed sales
associate in Kentucky? associate
The KREC Exclusive Right to Sell Agency Contract is a The seller, principal broker, and authorized agent
legally binding contract once it's signed by ______.
