KENTUCKY PORTION REAL ESTATE EXAM
2026 EDITION COMPLETE PRACTICE
QUESTIONS AND CORRECT ANSWERS
WITH DETAILED EXPLANATIONS
KENTUCKY REAL ESTATE LICENSING
EXAM STUDY GUIDE
The VA protects participating lenders from loss in the event of foreclosure
by guaranteeing up to 50% of the loan, depending on the loan amount. This
is done at no cost to the veteran.
Can a licensee engage in promotional activities in Kentucky, for property
located outside of Kentucky?
A) Yes, but only with approval from the Kentucky commission.
B) Never.
C) No, unless it is rental.
D) Yes, it is the same as doing business in Kentucky as long as you follow
the local laws. - CORRECT ANSWER-A ) yes with approval from Kentucky
commission
A deposit receipt does not contain the clause that states that in case of
buyer default, the broker is entitled to part of the buyer's forfeited deposit.
If the buyer defaults, according to this contract the broker is entitled to:
A) His full commission.
B) No commission.
,C) Half of the forfeited deposit.
D) Half the normal commission - CORRECT ANSWER-B) The broker is
entitled to no commission because this clause was not contained in the
deposit receipt.
A principal broker establishing a branch office with a 50-mile radius of the
main office
A) must assign a licensed broker to manage the office.
B) may assign a sales associate with two-years' experience in the real estate
business to manage the office.
C) may assign an unlicensed assistant to manage the office.
D) may assign any salesperson to manage the office. - CORRECT ANSWER-
B) Commission regulations state that a sales associate with two-years of
experience in the real estate business who averages 20 hours a week for a
period of 24 months may manage a branch office inside a 100-mile radius
of the main office.
The licenses of all licensees in a brokerage firm must be kept
A) at the home of each individual licensee.
B) in the office in which they are actively engaged and affiliated.
C) at the offices of the Kentucky Real Estate Commission.
D) only in the principal broker's main office. - CORRECT ANSWER-B) in the
office in which they are actively engaged and affiliated.
Audiovisual advertising presentations of brokerage services
, A) are not subject to Commission regulations.
B) are limited to 30 seconds in length.
C) must include an audible or written statement with the required
advertising content at the beginning of the presentation.
D) may not use a licensee's assumed or alternate name. - CORRECT
ANSWER-A) not subject to Commission regulations.
Audiovisual advertising by brokers and their associates are subject to the
same regulations as other forms of advertising. The required content for
advertising must be included in an audible or written statement at the
beginning of the presentation. There is not a mandated time limit to the
presentations, and a licensee may use her assumed name if all
requirements regarding assumed or alternate names are followed.
The records required to be maintained by a principal broker include all of
the following EXCEPT
A)any written offers to lease or purchase real estate.
B)listing and sales contracts.
C)marketing logs for all listed properties.
D)signed agency consent agreement forms. - CORRECT ANSWER-B) listing
and sales contracts.
The Commission does not require brokers to maintain records related to
specific marketing for listed properties. Written offers, listing and sales
contracts, and agency consent forms must be maintained for a period of five
years.
2026 EDITION COMPLETE PRACTICE
QUESTIONS AND CORRECT ANSWERS
WITH DETAILED EXPLANATIONS
KENTUCKY REAL ESTATE LICENSING
EXAM STUDY GUIDE
The VA protects participating lenders from loss in the event of foreclosure
by guaranteeing up to 50% of the loan, depending on the loan amount. This
is done at no cost to the veteran.
Can a licensee engage in promotional activities in Kentucky, for property
located outside of Kentucky?
A) Yes, but only with approval from the Kentucky commission.
B) Never.
C) No, unless it is rental.
D) Yes, it is the same as doing business in Kentucky as long as you follow
the local laws. - CORRECT ANSWER-A ) yes with approval from Kentucky
commission
A deposit receipt does not contain the clause that states that in case of
buyer default, the broker is entitled to part of the buyer's forfeited deposit.
If the buyer defaults, according to this contract the broker is entitled to:
A) His full commission.
B) No commission.
,C) Half of the forfeited deposit.
D) Half the normal commission - CORRECT ANSWER-B) The broker is
entitled to no commission because this clause was not contained in the
deposit receipt.
A principal broker establishing a branch office with a 50-mile radius of the
main office
A) must assign a licensed broker to manage the office.
B) may assign a sales associate with two-years' experience in the real estate
business to manage the office.
C) may assign an unlicensed assistant to manage the office.
D) may assign any salesperson to manage the office. - CORRECT ANSWER-
B) Commission regulations state that a sales associate with two-years of
experience in the real estate business who averages 20 hours a week for a
period of 24 months may manage a branch office inside a 100-mile radius
of the main office.
The licenses of all licensees in a brokerage firm must be kept
A) at the home of each individual licensee.
B) in the office in which they are actively engaged and affiliated.
C) at the offices of the Kentucky Real Estate Commission.
D) only in the principal broker's main office. - CORRECT ANSWER-B) in the
office in which they are actively engaged and affiliated.
Audiovisual advertising presentations of brokerage services
, A) are not subject to Commission regulations.
B) are limited to 30 seconds in length.
C) must include an audible or written statement with the required
advertising content at the beginning of the presentation.
D) may not use a licensee's assumed or alternate name. - CORRECT
ANSWER-A) not subject to Commission regulations.
Audiovisual advertising by brokers and their associates are subject to the
same regulations as other forms of advertising. The required content for
advertising must be included in an audible or written statement at the
beginning of the presentation. There is not a mandated time limit to the
presentations, and a licensee may use her assumed name if all
requirements regarding assumed or alternate names are followed.
The records required to be maintained by a principal broker include all of
the following EXCEPT
A)any written offers to lease or purchase real estate.
B)listing and sales contracts.
C)marketing logs for all listed properties.
D)signed agency consent agreement forms. - CORRECT ANSWER-B) listing
and sales contracts.
The Commission does not require brokers to maintain records related to
specific marketing for listed properties. Written offers, listing and sales
contracts, and agency consent forms must be maintained for a period of five
years.
