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Kentucky Real Estate Sales Associate Examination — State Portion — Information & Free Practice

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Kentucky Real Estate Sales Associate Examination — State Portion

Provider
PSI Services LLC
Format
Computer-administered written examination
Exam questions
50 scored state questions; additional unscored experimental questions may be administered
Time limit
90 minutes for the state portion
Passing score
At least 75% correct
Exam fee
$100 for one portion or both portions
Examination outline
  • Real Estate Commission (Sales Associate 5 Items)
    • General Powers — Authority to issue licenses
    • General Powers — Examination and audit of records
    • General Powers — Administration of Education, Research, and Recovery Fund
    • Enforcement Powers — Investigations, hearings, and appeals, emergency suspension
    • Enforcement Powers — Sanctions — Fines
    • Enforcement Powers — Sanctions — License suspension, revocation, and other action
    • Enforcement Powers — Sanctions — Criminal action
  • Requirements for a License (Sales Associate 10 Items)
    • Activities requiring a license
    • Eligibility
    • Renewal of license
    • License procedures — License changes and information to be reported
    • License procedures — Inactive license
    • Continuing and post-license education
    • Errors & Omissions insurance, ERP required to deactivate license
    • Criminal background check
  • Brokerage Activities and Requirements (Sales Associate 18 Items)
    • Broker/sales associate relationship
    • Commissions
    • Advertising
    • Handling of monies
    • Handling of documents
    • Place of business
    • Records
    • Escrow accounts
    • Improper conduct
    • Unlicensed assistants
    • Broker lien law
    • Zero (no-call) list
    • Unlicensed brokerage
  • License Law Requirements for Contracts (Sales Associate 6 Items)
    • Statute of Frauds
    • Listing contracts
    • Purchase contracts — Submission of offers
    • Purchase contracts — Finance provisions
    • Purchase contracts — Other required provisions
    • Licensee Duties
  • Disclosures and Agency Issues (Sales Associate 8 Items)
    • Agency relationships, requirements, and disclosure
    • Disclosures of personal interests in real estate transactions
    • Condominium seller certificates
    • Seller disclosure of property condition
    • Other disclosure issues (stigmatizing factors)
  • Property Management (Sales Associate 3 Items)
    • Must have written agreement
    • Procedures and guidelines
    • Handling of security deposits
Examination sources

Related license preparation

This examination may be required or accepted as an alternative, depending on the license and application pathway.