Ky real estate 2 Study guides, Class notes & Summaries

CHAPTER 3 Mortgage Loan Foundations: The Time Value of Money TRUE/FALSE 1. In order to solve a compounding problem, you must know all four of the variables in order to solve for the fifth variable. (T) 2. One way to calculate the present value of a single payment is with the following formula: PV = FV * (1+i)n. (F) 3. At 6%, the present value of a $1 payment in 12 months is .. At 7%, the present value of a $1 payment in 12 months is .. (F) 4. The future value of $800 deposited ...

Which of the following is true regarding the Kentucky Real Estate Commission? A.) Commissioners serve staggered 6-year terms. B.) Seven members are elected to 5-year terms. C.) One member must represent the public. D.) Members are elected to office by the public. correct answersC The Kentucky Real Estate Commission is empowered to A.) enact laws to regulate the real estate industry. B.) establish uniform standards for brokerage operations such as commissions. C.) enforce license laws a...

KY Real Estate 2 Questions and Answers Graded A Which of the following is true regarding the Kentucky Real Estate Commission? A.) Commissioners serve staggered 6-year terms. B.) Seven members are elected to 5-year terms. C.) One member must represent the public. D.) Members are elected to office by the public. C The Kentucky Real Estate Commission is empowered to A.) enact laws to regulate the real estate industry. B.) establish uniform standards for brokerage operations such as commissio...

An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years from actual knowledge of the cause of action or the time when circumstances would reasonably have put the aggrieved party on notice of the cause of action? - 2 Years The Kentucky Real Estate Commission is responsible for what? - Protecting the public interest through regulations, examinations and licensing of KY real estate licensees. Broker - Any person who i...

If a broker's branch office is 75 miles from his main office, the person managing this branch office must: - Have been licensed for 2 years averaging 20 hours per week in the business. Which of the following is NOT true regarding a sale-leaseback? - The ownership of the property never transfers. Dino owns property rights located on Lake Michigan where he docks his yacht. His water rights are called: - Littoral rights Which of the following is NOT a duty of the real estate agent: - To acce...

An action for recovery from the Kentucky Real Estate Education, Research, and Recovery Fund MUST be commenced within how many years from actual knowledge of the cause of action or the time when circumstances would reasonably have put the aggrieved party on notice of the cause of action? - 2 Years The Kentucky Real Estate Commission is responsible for what? - Protecting the public interest through regulations, examinations and licensing of KY real estate licensees. Broker - Any person who i...

KY Real Estate Final Exam Practice 2024 Questions With Answers Graded A+

If a broker's branch office is 75 miles from his main office, the person managing this branch office must: - Have been licensed for 2 years averaging 20 hours per week in the business. Which of the following is NOT true regarding a sale-leaseback? - The ownership of the property never transfers. Dino owns property rights located on Lake Michigan where he docks his yacht. His water rights are called: - Littoral rights Which of the following is NOT a duty of the real estate agent: - To acce...

A person issued an initial salesperson's license must complete A) the 24-hour postlicense course by December 31 of the first renewal period. B) a 48-hour postlicense course within one year of receiving the initial license. C) a 24-hour postlicense course within the first two renewal cycles after the initial license. D) a 48-hour postlicense course within two years of receiving the initial license. - D) a 48-hour postlicense course within two years of receiving the initial license. A b...

which of the following statements is true about the Kentucky Statute of frauds and the sale of real estate? - all essential terms of the contract must be in writing which of the following statements is true regarding Kentucky real estate brokerages? - the principal broker may choose to use designated agency, dual agency, without designated agency or no dual agency at the brokerage if the licensee can't pay or refuses to pay an aggrieved party after being found guilty of fraud in Kentucky, ...