KENTUCKY REAL ESTATE ALL TEST PAPER ANSWERS
AND QUESTIONS SET A+
✔✔Education Requirements - ✔✔degree, 21 hours for broker or 6 for associate
✔✔How long to complete identification record - ✔✔90 Days
✔✔Who conducts the hearing - ✔✔Commission
✔✔If an identification record shows a felony conviction, how soon must the applicant
submit the record to the Commission? - ✔✔5 Days
✔✔What will the Commission do if it receives a record check revealing a felony
conviction? - ✔✔Investigate Charges and order hearing
✔✔How many years to be a broker - ✔✔2, unless a degree then 1
✔✔Broker Management course - ✔✔3 of the 12 hours
✔✔How many retakes allowed - ✔✔1
✔✔What is a passing score? - ✔✔75%
✔✔Licensee issued sales initial sales license must complete how many hours? - ✔✔48,
32 mandatory 16 elective
✔✔How many continuing education hours? - ✔✔12, with 6 in law every two years
✔✔When must education be completed each year - ✔✔December 31st
✔✔How often is the 6 hour course - ✔✔Every 4 years
, ✔✔What must an applicant for a broker's license provide as proof of experience in real
estate? - ✔✔A sworn notarized statement signed by the principal broker or other
documentation satisfactory to the Commission
✔✔A license will not be canceled for non-fulfillment of the continuing education
requirements if - ✔✔by February 10, the licensee enters into a written delinquency plan,
pays a $500 fine, and either:
Places his or her license in inactive: or
Agrees in the delinquency plan to complete the delinquent continuing education
requirements for the previous calendar year on or before June 15th.
✔✔If a licensee fails to complete the requirements of the delinquency plan: - ✔✔The
Commission shall notify the licensee of the deficiency on or after July 1st.
The deficiency notice shall advise that the licensee may request a hearing for the
Commission to consider whether the license should be suspended for noncompliance
with the delinquency plan.
Failure to request a hearing shall result in a default order of suspension.
Any suspension ordered by the Commission for noncompliance with the continuing
education delinquency plan shall be for a period of 6 months.
✔✔If the Commission suspends the license as a result of a default order or after a
hearing, the licensee will not be allowed to activate his license unless the licensee: -
✔✔Completes the current year's continuing education requirements within 90 days of
the expiration of the suspension.
Submits the required documents to reinstate the license within 90 days of the expiration
of the suspension.
Pays all the necessary renewal and transfer fees within 90 days of the expiration of the
suspension.
✔✔How much is the fine if you fail to renew on time? - ✔✔$200
✔✔How long does an expired license have to renew? - ✔✔1 year
✔✔Through what method may an out-of-state licensee apply for a Kentucky license? -
✔✔Through license recognition
✔✔If a licensee places his or her license in inactive status, what must the licensee do? -
✔✔Not engage in any real estate activity and pay the renewal fees.
✔✔On a separate sheet, list the changes a licensee must notify the Commission of -
✔✔A license must notify the Commission to changes of:
The licensee's principal business location.
The licensee's firm name.
A sales associate's transfer from one principal broker to another.
AND QUESTIONS SET A+
✔✔Education Requirements - ✔✔degree, 21 hours for broker or 6 for associate
✔✔How long to complete identification record - ✔✔90 Days
✔✔Who conducts the hearing - ✔✔Commission
✔✔If an identification record shows a felony conviction, how soon must the applicant
submit the record to the Commission? - ✔✔5 Days
✔✔What will the Commission do if it receives a record check revealing a felony
conviction? - ✔✔Investigate Charges and order hearing
✔✔How many years to be a broker - ✔✔2, unless a degree then 1
✔✔Broker Management course - ✔✔3 of the 12 hours
✔✔How many retakes allowed - ✔✔1
✔✔What is a passing score? - ✔✔75%
✔✔Licensee issued sales initial sales license must complete how many hours? - ✔✔48,
32 mandatory 16 elective
✔✔How many continuing education hours? - ✔✔12, with 6 in law every two years
✔✔When must education be completed each year - ✔✔December 31st
✔✔How often is the 6 hour course - ✔✔Every 4 years
, ✔✔What must an applicant for a broker's license provide as proof of experience in real
estate? - ✔✔A sworn notarized statement signed by the principal broker or other
documentation satisfactory to the Commission
✔✔A license will not be canceled for non-fulfillment of the continuing education
requirements if - ✔✔by February 10, the licensee enters into a written delinquency plan,
pays a $500 fine, and either:
Places his or her license in inactive: or
Agrees in the delinquency plan to complete the delinquent continuing education
requirements for the previous calendar year on or before June 15th.
✔✔If a licensee fails to complete the requirements of the delinquency plan: - ✔✔The
Commission shall notify the licensee of the deficiency on or after July 1st.
The deficiency notice shall advise that the licensee may request a hearing for the
Commission to consider whether the license should be suspended for noncompliance
with the delinquency plan.
Failure to request a hearing shall result in a default order of suspension.
Any suspension ordered by the Commission for noncompliance with the continuing
education delinquency plan shall be for a period of 6 months.
✔✔If the Commission suspends the license as a result of a default order or after a
hearing, the licensee will not be allowed to activate his license unless the licensee: -
✔✔Completes the current year's continuing education requirements within 90 days of
the expiration of the suspension.
Submits the required documents to reinstate the license within 90 days of the expiration
of the suspension.
Pays all the necessary renewal and transfer fees within 90 days of the expiration of the
suspension.
✔✔How much is the fine if you fail to renew on time? - ✔✔$200
✔✔How long does an expired license have to renew? - ✔✔1 year
✔✔Through what method may an out-of-state licensee apply for a Kentucky license? -
✔✔Through license recognition
✔✔If a licensee places his or her license in inactive status, what must the licensee do? -
✔✔Not engage in any real estate activity and pay the renewal fees.
✔✔On a separate sheet, list the changes a licensee must notify the Commission of -
✔✔A license must notify the Commission to changes of:
The licensee's principal business location.
The licensee's firm name.
A sales associate's transfer from one principal broker to another.
