Kentucky Broker Exam Prep Edge Kentucky Practice Real Estate Exam Questions

Complete a Free Practice Assessment

Below are eight free Kentucky real estate practice exam questions that will closely resemble your licensing exam. Review these questions and see what you know! The answers are provided beneath the question set.

1. If a licensee fails to renew her license, when will the Kentucky Real Estate Commission cancel it?

  1. April 1
  2. December 31
  3. June 15
  4. May 31

2. You’re acting as a buyer’s agent in Kentucky. Your client has made an offer for a home, but the seller isn’t represented by a real estate agent. If the seller completes the Seller’s Disclosure of Property Conditions form, by what time do you need to deliver it to your buyer client?

  1. "At any time prior to closing
  2. Before delivering the offer to the seller
  3. Within 120 hours after making the offer
  4. Within 24 hours of a completed home inspection

3. What does a broker have to do in Kentucky to maintain their right to place a lien on a residential property?

  1. Notify the county clerk of the lien right
  2. Notify the court of their right to lien on the property
  3. Obtain the buyer's agreement in writing to compensate the broker for broker services rendered.
  4. Pay a $25 lien fee to the client at the time of signing a brokerage agreement

4. Anton, a Kentucky real estate licensee, has signed an exclusive right-to-sell brokerage agreement with a seller client, Jeannie. Which of the following statements is true about their agency relationship?

  1. Anton can’t act as a dual agent in the transaction.
  2. Anton must work exclusively with Jeannie and no other clients engaged by the firm.
  3. Jeannie agrees to have Anton represent her, but she won’t owe him a commission if she brings a buyer to the table.
  4. Jeannie will work exclusively with Anton and his brokerage firm.

5. Are Kentucky closing companies permitted to disburse commission checks directly to licensees at closing?

  1. No, the closing company isn’t permitted to directly disburse to a licensee.
  2. Yes, as long as the brokerage firm authorizes it.
  3. Yes, as long as the licensee holds a broker’s license.
  4. Yes, but only if the principal broker also attends the closing.

6. Todd, a Kentucky licensee, is working with a seller client who has a written agency agreement with Todd's brokerage firm. Based on Kentucky law, which of the following duties does Todd and his brokerage firm owe his client?

  1. Accept the buyer’s earnest money deposit on the seller’s behalf and personally hold onto it until closing.
  2. Answer questions about and assist with negotiating and presenting offers, counteroffers, notices, and contingencies.
  3. Check to make sure there are no issues with the property’s title and, if there are, work with the seller to remove them.
  4. Review each offer and only submit those he thinks might be acceptable to his client.

7. Which of these Kentucky brokers is NOT required to maintain a place of business in the state?

  1. Fred, who's a non-resident broker, chooses not to maintain a business in either his home state or Kentucky
  2. Jerry, who’s an independent broker
  3. Lynn, who’s an out-of-state resident and maintains her place of business in that state
  4. Martha, who lives in a rural area of the state

8. General brokerage and listing-specific advertising in Kentucky must contain which of the following?

  1. Associate broker's name
  2. Brokerage name
  3. License number of listing licensee
  4. Physical address of brokerage firm
Answers: 1. A, 2. C, 3. C, 4. D, 5. B, 6. B, 7. C, 8. B

 

For a more comprehensive view into the types of questions you can expect on the exam, sign up for our free assessment. You’ll have the chance to review a 99-question real estate practice exam at no cost to you. Note that answers are only provided upon purchasing Exam Prep.

If you’re ready to feel confident about your upcoming licensing exam, you can purchase our Kentucky real estate Exam Prep package. By purchasing one of our packages, you not only get to see the results from your free assessment, but you’ll also have access to an innovative Exam Prep Edge program that will put you in the best position to pass your test the first time around.

Here's What You Need to Know About Your Free Assessment

What is it?

Your free assessment consists of access to the Exam Prep Edge initial assessment exam that will give you immediate feedback on the topics you’ve mastered and the ones you still need to work on. Note that you’re required to purchase the program before you’re able to access the study materials or unlimited practice exams.

What do I need to do?

It's simple. Choose the program you want to try, sign up, and you're ready to get started. We won't even ask for credit card information until you're ready to buy.

Will my progress be saved?

Yes! The score from your free assessment will be saved. When you purchase the program, your progress will seamlessly transfer and you can pick up right where you left off.

What will it cost me?

Nothing at all! When we say free, we really mean it. Getting your real estate license is an investment and we want to show you how committed we are to helping you pass your exam. Take it for a test drive - you won’t be disappointed. Ready to buy?

Am I obligated to purchase by signing up?

Nope! We want you to be completely satisfied with Exam Prep Edge. You're not obligated to anything if you don't want to buy.

What happens when my free trial ends?

When you complete your free assessment, your program will be locked until you decide to purchase. If you like the program, you can purchase at any time. Get started!

 

Read More About Exam Prep edge

Get the Inside Track for Preparing for Your Licensing Exam

Download the Free Ebook Now »

Questions?

FAQs

Visit our FAQs page.

Live Chat

Click here to chat now.

Email

Email Us

Phone

888.827.0777