KENTUCKY STATE REAL ESTATE PRACTICE
FINAL STUDY PAPER 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ By what date do licensees need to complete their biennial CE
requirement in Kentucky? Answer: December 31
◉ KREC cancelled Holly's license because she didn't complete the
48-hour post-licensing education requirement. What does this mean
for her? Answer: She'll need to start all over again by meeting the
pre-licensing requirements, including completing all pre-licensing
course, passing the state exam, and paying the required application
fees.
◉ A Kentucky individual accused of engaging in unlicensed
brokerage for the first time may be charged with which of the
following? Answer: A Class A Misdemeanor
◉ The maximum recovery fund compensation that may be granted
on behalf of multiple aggrieved parties against one licensee in
Kentucky is _____________. Answer: $50,000
, ◉ 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. Answer: 10
◉ Kentucky's Property Management agreement details the financial
arrangement between the agent and the owner for managing,
leasing, or even selling the property under which section? Answer:
Agent Compensation
◉ Damien's been notified that his escrow accounts are being
audited. What entity is responsible for performing the audit to
ensure his firm's in compliance with Kentucky's escrow account
license laws? Answer: The KREC
◉ Two years ago, Marlene was convicted of engaging in unlicensed
brokerage in Kentucky. She's now being charged again. What charges
may be filed? Answer: Class D Felony
◉ How many classroom hours of pre-licensing education are
required for a sales associate to become a broker in Kentucky?
Answer: 336 hours
◉ How much time does an aggrieved party have to file a fraud claim
with the Kentucky Real Estate Education, Research, and Recovery
Fund? Answer: One year
FINAL STUDY PAPER 2026 COMPLETE
QUESTIONS AND ANSWERS
◉ By what date do licensees need to complete their biennial CE
requirement in Kentucky? Answer: December 31
◉ KREC cancelled Holly's license because she didn't complete the
48-hour post-licensing education requirement. What does this mean
for her? Answer: She'll need to start all over again by meeting the
pre-licensing requirements, including completing all pre-licensing
course, passing the state exam, and paying the required application
fees.
◉ A Kentucky individual accused of engaging in unlicensed
brokerage for the first time may be charged with which of the
following? Answer: A Class A Misdemeanor
◉ The maximum recovery fund compensation that may be granted
on behalf of multiple aggrieved parties against one licensee in
Kentucky is _____________. Answer: $50,000
, ◉ 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. Answer: 10
◉ Kentucky's Property Management agreement details the financial
arrangement between the agent and the owner for managing,
leasing, or even selling the property under which section? Answer:
Agent Compensation
◉ Damien's been notified that his escrow accounts are being
audited. What entity is responsible for performing the audit to
ensure his firm's in compliance with Kentucky's escrow account
license laws? Answer: The KREC
◉ Two years ago, Marlene was convicted of engaging in unlicensed
brokerage in Kentucky. She's now being charged again. What charges
may be filed? Answer: Class D Felony
◉ How many classroom hours of pre-licensing education are
required for a sales associate to become a broker in Kentucky?
Answer: 336 hours
◉ How much time does an aggrieved party have to file a fraud claim
with the Kentucky Real Estate Education, Research, and Recovery
Fund? Answer: One year
