KENTUCKY STATE ACTUAL EXAM
QUESTIONS 65 OF THEM WITH
CORRECT ANSWERS GRADED A+
FOR 2026 ASSURED PASS!!
1. Which of these terms describes a situation in which a Kentucky principal broker and the
broker's appointed licensee represent a client, but no other licensee at the same firm
represents that client? - CORRECT ANSWERS-Designated Agency
2. How many classroom hours of pre-licensing education are required for a sales associate
to become a broker in Kentucky? - CORRECT ANSWERS-336
3. In accordance with the Closing Costs section of the KREC Real Estate Purchase Offer or
Contract, who pays for the opinion of title, unless the title is found to be defective? -
CORRECT ANSWERS-The buyer pays
4. In Kentucky, you can't work as a property manager for an owner without a signed,
written property management agreement. Once the agreement terms have been set,
______. - CORRECT ANSWERS-Both the agent and the property owner must sign the
agreement, the owner receives a copy with the lease attached, and the owner certifies
receipt of the agreement copy
5. Kentucky transaction records must be retained for ______. - CORRECT ANSWERS-5 years
from the consummation date
6. Which provision of the KREC Real Estate Purchase Offer or Contract protects the buyer
from title defects? - CORRECT ANSWERS-Deed
, 7. Which agency disclosure, given to sellers and prospective buyers by their agents,
requires the client to sign to consent to the agency relationship? - CORRECT ANSWERS-
Agency Disclosure Statement
8. If a licensee fails to renew her license, when will the Kentucky Real Estate Commission
cancel it? - CORRECT ANSWERS-April 1
9. 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. - CORRECT
ANSWERS-10
10. In Kentucky, under which of these is the seller obligated to pay the listing agent a
commission if the agent is working under an exclusive agency agreement? - CORRECT
ANSWERS-If any agent secures the buyer
11. Under Kentucky license law, which of the following statements about the property
description in a residential sales contract is true? - CORRECT ANSWERS-The property's
street address is usually sufficient
12. Which of the following is true about deposit of Kentucky earnest money funds? -
CORRECT ANSWERS-Earnest money must be immediately available if a buyer's offer isn't
accepted by all parties, so it shouldn't be deposited in an escrow account until the
contract is signed.
13. In Kentucky, when an agreement terminates, a property manager must provide the
property owner with a final account of transactions that occurred after the most recent
monthly accounting. Within how many days of the agreement's termination must this
must be completed? - CORRECT ANSWERS-60
QUESTIONS 65 OF THEM WITH
CORRECT ANSWERS GRADED A+
FOR 2026 ASSURED PASS!!
1. Which of these terms describes a situation in which a Kentucky principal broker and the
broker's appointed licensee represent a client, but no other licensee at the same firm
represents that client? - CORRECT ANSWERS-Designated Agency
2. How many classroom hours of pre-licensing education are required for a sales associate
to become a broker in Kentucky? - CORRECT ANSWERS-336
3. In accordance with the Closing Costs section of the KREC Real Estate Purchase Offer or
Contract, who pays for the opinion of title, unless the title is found to be defective? -
CORRECT ANSWERS-The buyer pays
4. In Kentucky, you can't work as a property manager for an owner without a signed,
written property management agreement. Once the agreement terms have been set,
______. - CORRECT ANSWERS-Both the agent and the property owner must sign the
agreement, the owner receives a copy with the lease attached, and the owner certifies
receipt of the agreement copy
5. Kentucky transaction records must be retained for ______. - CORRECT ANSWERS-5 years
from the consummation date
6. Which provision of the KREC Real Estate Purchase Offer or Contract protects the buyer
from title defects? - CORRECT ANSWERS-Deed
, 7. Which agency disclosure, given to sellers and prospective buyers by their agents,
requires the client to sign to consent to the agency relationship? - CORRECT ANSWERS-
Agency Disclosure Statement
8. If a licensee fails to renew her license, when will the Kentucky Real Estate Commission
cancel it? - CORRECT ANSWERS-April 1
9. 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. - CORRECT
ANSWERS-10
10. In Kentucky, under which of these is the seller obligated to pay the listing agent a
commission if the agent is working under an exclusive agency agreement? - CORRECT
ANSWERS-If any agent secures the buyer
11. Under Kentucky license law, which of the following statements about the property
description in a residential sales contract is true? - CORRECT ANSWERS-The property's
street address is usually sufficient
12. Which of the following is true about deposit of Kentucky earnest money funds? -
CORRECT ANSWERS-Earnest money must be immediately available if a buyer's offer isn't
accepted by all parties, so it shouldn't be deposited in an escrow account until the
contract is signed.
13. In Kentucky, when an agreement terminates, a property manager must provide the
property owner with a final account of transactions that occurred after the most recent
monthly accounting. Within how many days of the agreement's termination must this
must be completed? - CORRECT ANSWERS-60
