STATE PRACTICE EXAM

13問 • 1年前

問題一覧

Which of the following tasks in Kentucky requires a real estate license?

Holding earnest money and security deposits

When property managers in Kentucky receive any sort of money for a property they manage, they should enter the account information in ______.

The owner and tenant ledgers

Which agency disclosure, given to sellers and prospective buyers by their agents, requires the client to sign to consent to the agency relationship?

Agency Disclosure Statement

Sascha accidentally tells a buyer that her seller client in Elizabethtown has a fair amount of flexibility related to how much he’ll take for his property. Which of the following definitions of improper conduct is this?

Failing to satisfy fiduciary duties

Vivian and Mark work for principal broker Jamie. In which of the following situations is broker Jamie a dual agent, but no one else at Jamie’s firm is considered a dual agent?

In a single transaction, Vivian is designated as the seller’s agent and Mark is designated as the buyer’s agentt.

Which of these new Kentucky sales associates have fulfilled the post-licensing education requirements?

Tyra completed 48 hours total: six hours each in agency and contracts; three hours each in commission compliance, finance, advertising, disclosure, fair housing, and technology and data security; two hours in risk management, and 16 hours of electives.

In accordance with the Closing Costs section of the KREC Real Estate Purchase Offer or Contract, who pays for the transfer tax and preparation of the deed?

The seller pays.

What should occur on a monthly basis when maintaining escrow accounts in Kentucky?

Sending a monthly accounting of transactions to owners

Mickey is a designated agent for the Latimers, who are selling their Kentucky home. When he receives an offer to purchase from designated agent Valerie, what should he do before he reviews the offer with his clients?

Complete the Agency Disclosure Statement and present it to the Latimers for their signature.

Toby is a sales associate with Louisville Slugger Realty. Toby's principal broker promised his brother, Bryant, who is unlicensed and not an attorney or trustee, that he would pay him a portion of his commission when he closed on his Lincoln Street transaction. Under what circumstances would this be legal?

If Bryant was a party to the transaction and this was a cash rebate paid by Toby’s principal broker.

Justin is placing a listing ad for a soon-to-be-built expensive home in a Harrodsburg gated community. He includes the words “exclusive” and “ultra-conservative community” in his ad. Is Justin in danger of violating Fair Housing laws?

Yes, because it implies that the listing is suitable only for a particular type of buyer.

To apply for a reciprocal license in Kentucky, applicants must do all of the following EXCEPT which?

Complete the 96 hours of approved pre-licensing education.

Kentucky broker Karl has designated his agents Marcee and George to represent the seller and buyer, respectively, in the same transaction. In this scenario, who is/are the dual agent(s)?

Karl

real estate PRACTICE

ユーザ名非公開 · 13問 · 2年前

real estate PRACTICE