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KENTUCKY STATE REAL ESTATE PRACTICE CERTIFICATION EVALUATION 2026 QUESTIONS WITH PRACTICE SOLUTION GRADED A+

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Subido en
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Escrito en
2025/2026

KENTUCKY STATE REAL ESTATE PRACTICE CERTIFICATION EVALUATION 2026 QUESTIONS WITH PRACTICE SOLUTION GRADED A+

Institución
KENTUCKY STATE REAL
Grado
KENTUCKY STATE REAL

Vista previa del contenido

KENTUCKY STATE REAL ESTATE PRACTICE
CERTIFICATION EVALUATION 2026 QUESTIONS
WITH PRACTICE SOLUTION GRADED A+

◉ Which of the following scenarios best describes an illegal net
listing in Kentucky?
Carmel is selling her condo in Morehead for $280,000 and is offering
6% commission to the listing broker.
Jason is listing his duplex in Mount Sterling for $400,000 but
reserves the right to find his own buyer and not have to pay a listing
commission.
Maeve wants to get at least $350,000 when she sells her property in
Bowling Green and tells her listing agent, Stan, that he can keep
anything in excess of that amount.
Ralph is selling his townhome in Bardstown for $225,000 and is
paying a brokerage fee of $25,000. Answer: Maeve wants to get at
least $350,000 when she sells her property in Bowling Green and
tells her listing agent, Stan, that he can keep anything in excess of
that amount.


◉ Under Kentucky license law, which of the following statements
about the property description in a residential sales contract is true?
A description of the property isn't required for homes built before
1978.

,A photo of the property can be used in lieu of a description.
The property's full legal description must be provided.
The property's street address is usually sufficient.. Answer: The
property's street address is usually sufficient.


Under Kentucky license law, the sales contract must provide the
street, address, or location of the property. Deed books contain a
property's full legal description.


◉ Marcella has been performing brokerage services in Hopkinsville
without a license. What's the term for this in Kentucky?
Illegal brokerage
Improper brokerage
Restricted brokerage
Unlicensed brokerage. Answer: Unlicensed brokerage


◉ You're a Kentucky licensee, and your seller client asks you why the
Seller's Disclosure of Property Conditions form asks about radon
testing. How do you respond?
If you haven't had your home tested for radon, we'll be required to
do so and provide the results to any prospective buyer before we can
transfer the property.

,Radon is a potential health hazard that can be present in any home,
so homeowners are encouraged to test for it to determine if
mitigation is necessary.
Radon is only present in homes built prior to 1978.
Radon is present in areas where the military has tested atomic
weapons in the past.. Answer: Radon is a potential health hazard
that can be present in any home, so homeowners are encouraged to
test for it to determine if mitigation is necessary.


◉ By when must all Kentucky real estate sales associates complete
post-licensing education requirements?
Within five years of obtaining and activating a license
Within four years of obtaining and activating a license
Within three years of obtaining and activating a license
Within two years of obtaining and activating a license. Answer:
Within two years of obtaining and activating a license


◉ If a complaint for a license law violation in Kentucky does not
constitute a prima facie case, the complainant has ______ days to
revise and supplement the case.
10
14
21
30. Answer: 10

, ◉ How much time does an aggrieved party have to file a fraud claim
with the Kentucky Real Estate Education, Research, and Recovery
Fund?
One year
Six months
Three years
Two years. Answer: One year


◉ How many days do Kentucky licensees have to notify KREC about
changes to their situation that affect their license?
10 days
14 days
21 days
Seven days. Answer: 10 days


◉ One thing that sets the Kentucky broker's license apart from the
sales associate's license is that it allows licensees to ______.
Act as an appraiser
Operate in multiple states
Own and manage their own business
Run for public office. Answer: Own and manage their own business

Escuela, estudio y materia

Institución
KENTUCKY STATE REAL
Grado
KENTUCKY STATE REAL

Información del documento

Subido en
1 de abril de 2026
Número de páginas
46
Escrito en
2025/2026
Tipo
Examen
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