KENTUCKY UST PROFESSIONAL PREP
QUESTIONS AND ACCURATE ANSWERS
GRADED A+
●● Can a broker or agent receive compensation for brokerage activities
during the period of license cancellation?
Answer: If the cancellation was earned prior to the effective cancellation
date
●● The commission must investigate....
Answer: Any Written verified complaint
●● The commission has the ability to conduct a
_____________________ when alleged escrow actions warrant
emergency action
Answer: An emergency hearing
●● ______________ still have the power of municipalities to tax,
license and regulate real estate brokers.
Answer: Cities
●● There can be no more than _______ members of any political party
serving on the commission at one time
,Answer: 4
●● How much are voting members of the commission required to be
paid per day?
Answer: $300.00
●● An agent can be sanctioned for any behavior that is a violation of the
Federal Fair Housing Act, including scare tactics or ____________?
Answer: Blockbusting
●● Cities and __________ have the power to tax, license and regulate
real estate brokers in addition to the powers of the commission?
Answer: Counties
●● The commission or its staff has the ability to initiate a(n) into actions
of a licensee or any person who acts in that capacity
Answer: Investigation
●● Why might a commissioner be removed from their position?
Answer: 1. They move out of state
2. They display incompetency, neglect of duty, or unprofessional
conduct.
3. They miss three consecutive meetings
,●● The members of the Kentucky Real Estate Commission can not be
from the same .____________________?
Answer: County
●● How much is the annual cap of a commissioners compensation?
Answer: $6,000
●● Failure for a broker to exercise adequate supervision of their agents
is ground for___________?
Answer: Sanctions
●● Which organizations are outside the authority of the Kentucky Real
Estate Commission?
Answer: 1. Community Associations Managers
2. Not-for-profit community associations
3. Homeowners Associations
●● A principal broker licensed under Kentucky law who has entered into
a written cooperation agreement with an out of state principal broker
Answer: Kentucky Cooperating Broker
●● How can the government restrict the use of private property?
, Answer: Through the power of Eminent Domain
●● What have the states given the federal government the power to
regulate?
Answer: Interstate commerce
●● These two types of courts are fundamental to the operation of the
legal system......?
Answer: Trial and Apallette courts
●● This is the status of a license when disciplinary action has been
ordered against a licensee that prohibits the brokerage of real estate for a
specific period of time....?
Answer: Suspended
●● All real estate individuals who have held a real estate license in
another jurisdiction who wish to apply for a reciprocal license in KY
must furnish a _______________ issued by the jurisdiction?
Answer: Certification of good standing
●● A _____________is a published opinion of a court that serves as
authority for determining if a legal question in a later case with similar
facts ?
Answer: Precedent
QUESTIONS AND ACCURATE ANSWERS
GRADED A+
●● Can a broker or agent receive compensation for brokerage activities
during the period of license cancellation?
Answer: If the cancellation was earned prior to the effective cancellation
date
●● The commission must investigate....
Answer: Any Written verified complaint
●● The commission has the ability to conduct a
_____________________ when alleged escrow actions warrant
emergency action
Answer: An emergency hearing
●● ______________ still have the power of municipalities to tax,
license and regulate real estate brokers.
Answer: Cities
●● There can be no more than _______ members of any political party
serving on the commission at one time
,Answer: 4
●● How much are voting members of the commission required to be
paid per day?
Answer: $300.00
●● An agent can be sanctioned for any behavior that is a violation of the
Federal Fair Housing Act, including scare tactics or ____________?
Answer: Blockbusting
●● Cities and __________ have the power to tax, license and regulate
real estate brokers in addition to the powers of the commission?
Answer: Counties
●● The commission or its staff has the ability to initiate a(n) into actions
of a licensee or any person who acts in that capacity
Answer: Investigation
●● Why might a commissioner be removed from their position?
Answer: 1. They move out of state
2. They display incompetency, neglect of duty, or unprofessional
conduct.
3. They miss three consecutive meetings
,●● The members of the Kentucky Real Estate Commission can not be
from the same .____________________?
Answer: County
●● How much is the annual cap of a commissioners compensation?
Answer: $6,000
●● Failure for a broker to exercise adequate supervision of their agents
is ground for___________?
Answer: Sanctions
●● Which organizations are outside the authority of the Kentucky Real
Estate Commission?
Answer: 1. Community Associations Managers
2. Not-for-profit community associations
3. Homeowners Associations
●● A principal broker licensed under Kentucky law who has entered into
a written cooperation agreement with an out of state principal broker
Answer: Kentucky Cooperating Broker
●● How can the government restrict the use of private property?
, Answer: Through the power of Eminent Domain
●● What have the states given the federal government the power to
regulate?
Answer: Interstate commerce
●● These two types of courts are fundamental to the operation of the
legal system......?
Answer: Trial and Apallette courts
●● This is the status of a license when disciplinary action has been
ordered against a licensee that prohibits the brokerage of real estate for a
specific period of time....?
Answer: Suspended
●● All real estate individuals who have held a real estate license in
another jurisdiction who wish to apply for a reciprocal license in KY
must furnish a _______________ issued by the jurisdiction?
Answer: Certification of good standing
●● A _____________is a published opinion of a court that serves as
authority for determining if a legal question in a later case with similar
facts ?
Answer: Precedent
