KY Real Estate Exam questions and answers
2025\2026 A+ Grade
Accretion
- correct answer Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea
ADA Tenant
- correct answer Tenant with disability. Must accommodate for tenants/residents with disabilities.
Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to
ask to make changes
Broker's License
- correct answer License to act as intermediary on behalf of others for a commission. Bringing together
of parties interested in making a real estate transaction.
Bilateral Contract
- correct answer All parties are legally bound to to act as prescribed
Unilateral Contract
- correct answer One party is bound to contract or act
Brownfields
- correct answer Defunct, derelict, or abandoned commercial or industrial sites, many have toxic wastes
Condemnation
- correct answer Proceeding to exercise the power of eminent domain
Commingling
- correct answer Illegal act of placing client or customer funds with personal funds.
, Commission Earned
- correct answer payment to a broker service for sale or purchase of a property; usually a percentage
Cooperative
- correct answer Residential multi-unit building whose title is held by a trust or corporation that is
owned and operated for the people living within the building who are the beneficial owners of the trust
or shareholders of the corporation.
Commission Split
- correct answer Commission earned from selling a property is split between licensee and principal
broker
Civil Rights Act of 1866
- correct answer An act that prohibits racial discrimination in the sale and rental of housing
Customer
- correct answer The third party nonrepresented consumer for who some level of service is provided
Client
- correct answer The principal
Dual Agency
- correct answer Representing both parties for a transaction. Unethical unless both parties agree to it
Dower and Curtsy
- correct answer Dower: Wife acquires property her husband held or acquired during marriage if he dies.
Curtsy: A life estate given to surviving husband in real estate owned by his deceased wife
Deed IN Trust
- correct answer Grants a trustee under a land trust full of power to sell, mortgage, and subdivide a
parcel of real estate. The beneficiary controls the trustees use of these powers.
2025\2026 A+ Grade
Accretion
- correct answer Increase of land by deposit of sand or soil washed up naturally from a river, lake or sea
ADA Tenant
- correct answer Tenant with disability. Must accommodate for tenants/residents with disabilities.
Priority is to get party to the door. Can make changes, must be giving parking if available, do not have to
ask to make changes
Broker's License
- correct answer License to act as intermediary on behalf of others for a commission. Bringing together
of parties interested in making a real estate transaction.
Bilateral Contract
- correct answer All parties are legally bound to to act as prescribed
Unilateral Contract
- correct answer One party is bound to contract or act
Brownfields
- correct answer Defunct, derelict, or abandoned commercial or industrial sites, many have toxic wastes
Condemnation
- correct answer Proceeding to exercise the power of eminent domain
Commingling
- correct answer Illegal act of placing client or customer funds with personal funds.
, Commission Earned
- correct answer payment to a broker service for sale or purchase of a property; usually a percentage
Cooperative
- correct answer Residential multi-unit building whose title is held by a trust or corporation that is
owned and operated for the people living within the building who are the beneficial owners of the trust
or shareholders of the corporation.
Commission Split
- correct answer Commission earned from selling a property is split between licensee and principal
broker
Civil Rights Act of 1866
- correct answer An act that prohibits racial discrimination in the sale and rental of housing
Customer
- correct answer The third party nonrepresented consumer for who some level of service is provided
Client
- correct answer The principal
Dual Agency
- correct answer Representing both parties for a transaction. Unethical unless both parties agree to it
Dower and Curtsy
- correct answer Dower: Wife acquires property her husband held or acquired during marriage if he dies.
Curtsy: A life estate given to surviving husband in real estate owned by his deceased wife
Deed IN Trust
- correct answer Grants a trustee under a land trust full of power to sell, mortgage, and subdivide a
parcel of real estate. The beneficiary controls the trustees use of these powers.
