Kentucky Real Estate Broker Exam: Study Guide & Practice  /  Real Estate Prep

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Kentucky Real Estate Broker Exam: Study Guide & Practice Final Exam

Free Practice Test Instructions:

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

Question 1 1.

Which of these correctly completes this statement?

An _____ receives a check on a regular schedule, with their pay based on either the number of hours worked or a set salary.

Question 2 2. By law, a mortgage lender is considered _______?

Question 3 3. Which of the following are not generally used to identify a lot?

Question 4 4. In metes and bounds terminology, how many measuring rods add up to a chain?

Question 5 5. CFPB is an acronym for

Question 6 6. Which of the following is the correct formula for the total cash flow statement?

Question 7 7. Tim owns a toy store and is leasing space in a strip mall. He has to pay rent, real estate tax and insurance. What type of lease does Tim have?

Question 8 8. Which of the following is not the responsibility of a tenant?

Question 9 9. Which of the following is the general principle behind the Truth in Lending Act?

Question 10 10. Which of the following documents does an underwriter not typically require?

Question 11 11. When does a state usually own the bed of a body of water?

Question 12 12. Craig now owns his grandmother's old home in rural Georgia. It used to be a very quiet neighborhood, but now it's in the flight pattern for the Atlanta airport. Craig would like to prevent airplanes from flying over his property. Which of the following is true?

Question 13 13. Which of the following is an example of a voluntary encumbrance?

Question 14 14. A person who dies with a valid will is said to have died ____, while a person who dies without a valid will is said to have died ____.

Question 15 15. Nancy's house is the most dilapidated home in her neighborhood. However, her property has been valued higher than she expected. What principle of valuation is likely at play?

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Kentucky Real Estate Broker Exam: Study Guide & Practice Final Free Practice Test Instructions

Choose your answer to the question and click 'Continue' to see how you did. Then click 'Next Question' to answer the next question. When you have completed the free practice test, click 'View Results' to see your results. Good luck!

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