Kansas Real Estate Law exam 2023 with 100% correct answers

items required to have a licensee receive payment / compensation to do, offer or negotiate: - correct answerSell a property, purchase a property, lease a commercial property, listing property, auction / help at auction, and to procure prospects Real estate includes: - correct answerFreehold estates (ownership = freehold), Non-freehold estates (anything less than ownership) Who is exempt from a real estate license? - correct answer1.) owner dealing with owners property 2.) someone acting as power of attorney (attorney in fact) 3.) Licensed attorney performing attorney duties 4.) Person acting under courts duty 5.) government officer performing government duties 6.) Railroads, public utilities 7.) employee selling / leasing corporate property who own's at least 5% of corporate stock 8.) Agricultural leasing Broker (types of licenses) - correct answereach office requires a licensed broker, can only be issued to people not corporations Supervising broker (type of broker) - correct answerbroker of main office, holds all licenses of main office Branch Broker (type of broker) - correct answerresponsible for running branch office, holds all licenses of branch office Associate Broker (type of broker) - correct answerhas passed exam & requirements of broker, chooses to work for another broker and CANNOt hold licenses of others Salesperson License (type o