Kentucky Real Estate Final Exam Latest Exam | Questions And Correct
Answers | Already Graded A+ | Verified Answers | Just Released
Real estate activities in the Commonwealth of Kentucky are governed by which of the following?
O Kentucky Home Owners Association (KHOA)
O Kentucky Real Estate Commission (KREC)
O Kentucky REALTORS Organization (KRO)
O None of the options are correct - (CORRECT ANSWER)Kentucky Real Estate Commission
What is the Kentucky Real Estate Commission's ultimate goals?
O Enforce rules and regulations for all KY real estate agents and brokers.
O Keep an eye on all real estate professionals inside the state of KY to know if they're following ALL
rules.
O To create an opaque, and somewhat struggling real estate industry to help real estate professionals in
the long run by showing them struggle.
O To create a transparent, reliable real estate industry that works well for ALL KY citizens. - (CORRECT
ANSWER)To create a transparent, reliable real estate industry that works well for ALL KY citizens.
How does the KREC (Kentucky Real Estate Commission) achieve these goals?
O Through the enforcement of the Kentucky Revised Statutes
O Through the enforcement of the Kentucky Statutes
O By recommending the use of the Kentucky Revised Statutes
O None of the above - (CORRECT ANSWER)Through the enforcement of the Kentucky Revised Statutes
When were the Kentucky Revised Statutes created?
O 1923
1
, O 1924
O 1945
O 2013 - (CORRECT ANSWER)1924
What event/ action(s) started the Kentucky Revised Statutes?
O When the legislature passed Kentucky's first law requiring real estate licenses.
O When the legislature passed a law that realtors needed "continued education" to continue selling
properties.
O None of the above.
O Both A and B are correct. - (CORRECT ANSWER)When the legislature passed Kentucky's first law
requiring real estate licenses.
What do the statutes give?
O The commission broad powers in regulating the conduct of Kentucky real estate licensees.
O The commission control of deciding who can become a real estate professional.
O None of the answers are correct.
O The commission broad powers in regulating how much a real estate professional is supposed to make.
- (CORRECT ANSWER)The commission broad powers in regulating the conduct of Kentucky real estate
licensees.
What powers are included in the Kentucky Revised Statutes?
O Issuing licenses.
O Revoking licenses.
O Supervision of brokers handling client funds.
2
Answers | Already Graded A+ | Verified Answers | Just Released
Real estate activities in the Commonwealth of Kentucky are governed by which of the following?
O Kentucky Home Owners Association (KHOA)
O Kentucky Real Estate Commission (KREC)
O Kentucky REALTORS Organization (KRO)
O None of the options are correct - (CORRECT ANSWER)Kentucky Real Estate Commission
What is the Kentucky Real Estate Commission's ultimate goals?
O Enforce rules and regulations for all KY real estate agents and brokers.
O Keep an eye on all real estate professionals inside the state of KY to know if they're following ALL
rules.
O To create an opaque, and somewhat struggling real estate industry to help real estate professionals in
the long run by showing them struggle.
O To create a transparent, reliable real estate industry that works well for ALL KY citizens. - (CORRECT
ANSWER)To create a transparent, reliable real estate industry that works well for ALL KY citizens.
How does the KREC (Kentucky Real Estate Commission) achieve these goals?
O Through the enforcement of the Kentucky Revised Statutes
O Through the enforcement of the Kentucky Statutes
O By recommending the use of the Kentucky Revised Statutes
O None of the above - (CORRECT ANSWER)Through the enforcement of the Kentucky Revised Statutes
When were the Kentucky Revised Statutes created?
O 1923
1
, O 1924
O 1945
O 2013 - (CORRECT ANSWER)1924
What event/ action(s) started the Kentucky Revised Statutes?
O When the legislature passed Kentucky's first law requiring real estate licenses.
O When the legislature passed a law that realtors needed "continued education" to continue selling
properties.
O None of the above.
O Both A and B are correct. - (CORRECT ANSWER)When the legislature passed Kentucky's first law
requiring real estate licenses.
What do the statutes give?
O The commission broad powers in regulating the conduct of Kentucky real estate licensees.
O The commission control of deciding who can become a real estate professional.
O None of the answers are correct.
O The commission broad powers in regulating how much a real estate professional is supposed to make.
- (CORRECT ANSWER)The commission broad powers in regulating the conduct of Kentucky real estate
licensees.
What powers are included in the Kentucky Revised Statutes?
O Issuing licenses.
O Revoking licenses.
O Supervision of brokers handling client funds.
2
