Kentucky (KY) Property Valuation Administrator (PVA)
License Actual Exam
Comprehensive Resource To Help You Ace 2026-2027
Exams Includes Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. Who appoints the members of the Kentucky Real Estate Commission? -
Correct Answer: The Governor
2. Can a broker or agent receive compensation for brokerage activities during
the period of license cancellation? - Correct Answer: If the cancellation
was earned prior to the effective cancellation date
3. The commission must investigate.... - Correct Answer: Any Written
verified complaint
4. The commission has the ability to conduct a _____________________
when alleged escrow actions warrant emergency action - Correct
Answer: An emergency hearing
5. ______________ still have the power of municipalities to tax, license and
regulate real estate brokers. - Correct Answer: Cities
,6. There can be no more than _______ members of any political party serving
on the commission at one time - Correct Answer: 4
7. How much are voting members of the commission required to be paid per
day? - Correct Answer: $300.00
8. An agent can be sanctioned for any behavior that is a violation of the
Federal Fair Housing Act, including scare tactics or ____________? -
Correct Answer: Blockbusting
9. Cities and __________ have the power to tax, license and regulate real
estate brokers in addition to the powers of the commission? - Correct
Answer: Counties
10.The commission or its staff has the ability to initiate a(n) into actions of a
licensee or any person who acts in that capacity - Correct Answer:
Investigation
11.Why might a commissioner be removed from their position? - Correct
Answer: 1. They move out of state
2. They display incompetency, neglect of duty, or unprofessional conduct.
3. They miss three consecutive meetings
12.The members of the Kentucky Real Estate Commission can not be from the
same .____________________? - Correct Answer: County
,13.How much is the annual cap of a commissioners compensation? -
Correct Answer: $6,000
14.Failure for a broker to exercise adequate supervision of their agents is
ground for___________? - Correct Answer: Sanctions
15.Which organizations are outside the authority of the Kentucky Real Estate
Commission? - Correct Answer: 1. Community Associations Managers
2. Not-for-profit community associations
3. Homeowners Associations
16.A principal broker licensed under Kentucky law who has entered into a
written cooperation agreement with an out of state principal broker -
Correct Answer: Kentucky Cooperating Broker
17.How can the government restrict the use of private property? - Correct
Answer: Through the power of Eminent Domain
18.What have the states given the federal government the power to regulate? -
Correct Answer: Interstate commerce
19.These two types of courts are fundamental to the operation of the legal
system......? - Correct Answer: Trial and Apallette courts
, 20.This is the status of a license when disciplinary action has been ordered
against a licensee that prohibits the brokerage of real estate for a specific
period of time....? - Correct Answer: Suspended
21.All real estate individuals who have held a real estate license in another
jurisdiction who wish to apply for a reciprocal license in KY must furnish a
_______________ issued by the jurisdiction? - Correct Answer:
Certification of good standing
22.A _____________is a published opinion of a court that serves as authority
for determining if a legal question in a later case with similar facts ? -
Correct Answer: Precedent
23.What are the requirements for individuals who hold an active license issued
by another jurisdiction to obtain a reciprocal license for KY? - Correct
Answer: 1. Complete all application forms
2. Pass the state law portion of the licensing examination
3. Fulfill all other pre-licensing requirements
24.Can an unlicensed assistant give out general information specifically
authorized by the broker? - Correct Answer: yes
25.Fraud is a material misrepresentation that is known to be false and made
recklessly and............ - Correct Answer: 1. Is made to induce an act
2. Induced an act on reliance of the misrepresentation
3. Causes Injury
License Actual Exam
Comprehensive Resource To Help You Ace 2026-2027
Exams Includes Frequently Tested Questions With
ELABORATED 100% Correct COMPLETE SOLUTIONS
Guaranteed Pass First Attempt!! Current Update!!
1. Who appoints the members of the Kentucky Real Estate Commission? -
Correct Answer: The Governor
2. Can a broker or agent receive compensation for brokerage activities during
the period of license cancellation? - Correct Answer: If the cancellation
was earned prior to the effective cancellation date
3. The commission must investigate.... - Correct Answer: Any Written
verified complaint
4. The commission has the ability to conduct a _____________________
when alleged escrow actions warrant emergency action - Correct
Answer: An emergency hearing
5. ______________ still have the power of municipalities to tax, license and
regulate real estate brokers. - Correct Answer: Cities
,6. There can be no more than _______ members of any political party serving
on the commission at one time - Correct Answer: 4
7. How much are voting members of the commission required to be paid per
day? - Correct Answer: $300.00
8. An agent can be sanctioned for any behavior that is a violation of the
Federal Fair Housing Act, including scare tactics or ____________? -
Correct Answer: Blockbusting
9. Cities and __________ have the power to tax, license and regulate real
estate brokers in addition to the powers of the commission? - Correct
Answer: Counties
10.The commission or its staff has the ability to initiate a(n) into actions of a
licensee or any person who acts in that capacity - Correct Answer:
Investigation
11.Why might a commissioner be removed from their position? - Correct
Answer: 1. They move out of state
2. They display incompetency, neglect of duty, or unprofessional conduct.
3. They miss three consecutive meetings
12.The members of the Kentucky Real Estate Commission can not be from the
same .____________________? - Correct Answer: County
,13.How much is the annual cap of a commissioners compensation? -
Correct Answer: $6,000
14.Failure for a broker to exercise adequate supervision of their agents is
ground for___________? - Correct Answer: Sanctions
15.Which organizations are outside the authority of the Kentucky Real Estate
Commission? - Correct Answer: 1. Community Associations Managers
2. Not-for-profit community associations
3. Homeowners Associations
16.A principal broker licensed under Kentucky law who has entered into a
written cooperation agreement with an out of state principal broker -
Correct Answer: Kentucky Cooperating Broker
17.How can the government restrict the use of private property? - Correct
Answer: Through the power of Eminent Domain
18.What have the states given the federal government the power to regulate? -
Correct Answer: Interstate commerce
19.These two types of courts are fundamental to the operation of the legal
system......? - Correct Answer: Trial and Apallette courts
, 20.This is the status of a license when disciplinary action has been ordered
against a licensee that prohibits the brokerage of real estate for a specific
period of time....? - Correct Answer: Suspended
21.All real estate individuals who have held a real estate license in another
jurisdiction who wish to apply for a reciprocal license in KY must furnish a
_______________ issued by the jurisdiction? - Correct Answer:
Certification of good standing
22.A _____________is a published opinion of a court that serves as authority
for determining if a legal question in a later case with similar facts ? -
Correct Answer: Precedent
23.What are the requirements for individuals who hold an active license issued
by another jurisdiction to obtain a reciprocal license for KY? - Correct
Answer: 1. Complete all application forms
2. Pass the state law portion of the licensing examination
3. Fulfill all other pre-licensing requirements
24.Can an unlicensed assistant give out general information specifically
authorized by the broker? - Correct Answer: yes
25.Fraud is a material misrepresentation that is known to be false and made
recklessly and............ - Correct Answer: 1. Is made to induce an act
2. Induced an act on reliance of the misrepresentation
3. Causes Injury
