KENTUCKY STATE REAL ESTATE PRACTICE
ACTUAL PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Monty is advertising a number of listings in the local Prospect
newspaper and includes the fair housing logo in the ad. What else is
required? Answer: The Verbiage, "Equal Opportunity Housing"
◉ Kentucky licensees Venus and Morgan are both affiliated with
broker Jamie. Venus and Morgan are each acting as listing agents in
transactions where the buyer is represented by a licensee from
another brokerage. What's true about this situation? Answer: Venus
and Megan are single agents.
◉ Kentucky property managers are expected to provide receipts
promptly and ensure moneys are deposited without delay.
____________________ needs to be entered into either the tenant and/or
owner ledger for all moneys received. Answer: The dollar amount
and the unit number.
◉ In Kentucky, when someone pays a commission to an unlicensed
individual who is not exempt from licensing law, this is known as
______________. Answer: Kickback
, ◉ If a licensee fails to renew her license, when will KREC cancel it?
Answer: April 1
◉ Kentucky licensee Kaylee is working with a buyer client who has a
written agency agreement with Kaylee's brokerage firm. Based on
Kentucky law, which of the following duties does Kaylee owe her
client? Answer: Promptly submit her client's written offer to the
seller.
◉ In the sale of a Kentucky residential condominium unit, who's
responsible for requesting the Condominium Seller's Certificate?
Answer: The seller.
◉ Toby is a sales associate with Louisville Slugger Realty. Toby's
principal broker promised his brother, Bryant, who is unlicensed
and not an attorney or trustee, that he would pay his a portion of his
commission when he closed on his Lincoln Street transaction. Under
what circumstances would this be legal? Answer: If Bryant was a
party to the transaction and this was a cash rebate paid by Toby's
principal broker.
◉ Dan is the designated agent of a Kentucky buyer, Matilda, who's
purchasing a property listed by his firm. Dan will complete the
__________________ portion of the Agency Disclosure Statement when
Matilda is ready to make an offer. Answer: Transaction involving two
agents int he same brokerage: Designated Agency.
ACTUAL PAPER 2026 QUESTIONS WITH
SOLUTIONS GRADED A+
◉ Monty is advertising a number of listings in the local Prospect
newspaper and includes the fair housing logo in the ad. What else is
required? Answer: The Verbiage, "Equal Opportunity Housing"
◉ Kentucky licensees Venus and Morgan are both affiliated with
broker Jamie. Venus and Morgan are each acting as listing agents in
transactions where the buyer is represented by a licensee from
another brokerage. What's true about this situation? Answer: Venus
and Megan are single agents.
◉ Kentucky property managers are expected to provide receipts
promptly and ensure moneys are deposited without delay.
____________________ needs to be entered into either the tenant and/or
owner ledger for all moneys received. Answer: The dollar amount
and the unit number.
◉ In Kentucky, when someone pays a commission to an unlicensed
individual who is not exempt from licensing law, this is known as
______________. Answer: Kickback
, ◉ If a licensee fails to renew her license, when will KREC cancel it?
Answer: April 1
◉ Kentucky licensee Kaylee is working with a buyer client who has a
written agency agreement with Kaylee's brokerage firm. Based on
Kentucky law, which of the following duties does Kaylee owe her
client? Answer: Promptly submit her client's written offer to the
seller.
◉ In the sale of a Kentucky residential condominium unit, who's
responsible for requesting the Condominium Seller's Certificate?
Answer: The seller.
◉ Toby is a sales associate with Louisville Slugger Realty. Toby's
principal broker promised his brother, Bryant, who is unlicensed
and not an attorney or trustee, that he would pay his a portion of his
commission when he closed on his Lincoln Street transaction. Under
what circumstances would this be legal? Answer: If Bryant was a
party to the transaction and this was a cash rebate paid by Toby's
principal broker.
◉ Dan is the designated agent of a Kentucky buyer, Matilda, who's
purchasing a property listed by his firm. Dan will complete the
__________________ portion of the Agency Disclosure Statement when
Matilda is ready to make an offer. Answer: Transaction involving two
agents int he same brokerage: Designated Agency.
