Which of the following statements about a broker placing a lien against a property in Kentucky is correct?

2015 Kentucky Revised StatutesCHAPTER 376 - STATUTORY LIENS

  • 376.010 Mechanics' and materialman's liens -- Filing of statement of amount claimed -- Notice to owner or agent -- Definitions of "labor" and "supplies."
  • 376.020 Lien follows property if executory contract for sale is rescinded.
  • 376.030 Eviction of owner -- Rights of lienholder.
  • 376.040 Forfeiture or surrender of lease -- Removal of improvements.
  • 376.050 Mortgage for building or improvement purposes to state facts -- Misapplication of proceeds.
  • 376.060 Sale or mortgage of property subject to lien -- Proceeds to be applied to payment of lien.
  • 376.070 Contractor or architect to apply payments to claims -- Exception where lien waived.
  • 376.075 Engineers', architects', landscape architects', real estate brokers', and land surveyors' liens -- When lien not required of real estate broker -- Filing statement of amount claimed.
  • 376.080 Lien dissolved unless statement filed with county clerk and copy mailed to property owner -- Form of statement.
  • 376.090 Limitation on action to enforce lien -- Priority of lien.
  • 376.100 Release of lien by execution of bond.
  • 376.110 Action to enforce lien -- Referred to master commissioner -- Special commissioner.
  • 376.120 Notice to parties of time and place of hearing by commissioner.
  • 376.130 Taking of depositions and hearing of evidence by the commissioner -- Auditing of accounts and report on claims.
  • 376.135 Lien on farm crop for service by custom operator.
  • 376.140 Lien on gas, oil or other mineral leasehold -- Provisions governing such a lien.
  • 376.150 Lien of employees on property of a mine, railroad, public improvement company, manufacturing establishment or other business -- Of persons furnishing supplies for operation of a railroad.
  • 376.160 Priority of liens -- Persons not deemed employees.
  • 376.170 Distribution of income when operation of property is continued.
  • 376.180 Lien attaches when business is transferred, suspended or attached -- Enforcement.
  • 376.190 Joinder of parties -- Limitation on action or filing of claim for lien.
  • 376.195 Definitions for KRS 376.195 and 376.210.
  • 376.200 Repealed, 1954.
  • 376.205 Repealed, 1966.
  • 376.210 Lien for labor, material, or supplies furnished on public improvement -- Assertion, filing, and enforcement.
  • 376.212 Bond to discharge lien created by KRS 376.210 -- Requirements -- Liability of obligors on bond.
  • 376.220 Limit of amount of lien -- Pro rata distribution -- Liability for filing claim in excess of amount due.
  • 376.230 Lien dissolved unless statement timely filed with county clerk -- Form and content of statement -- Duties and fees of clerk.
  • 376.240 Perfecting a lien on funds due contractor from public authority.
  • 376.250 Withholding by public authority of funds due contractor and their payment to lien claimant -- Protest by contractor -- Suit by lien claimant.
  • 376.260 Action to enforce lien -- Notice -- Limitation -- Proof of use of materials.
  • 376.265 Lien on real property for service to retail business by municipal utility -- Priority -- Statement of lien -- Action to enforce -- Release of lien by execution of bond.
  • 376.268 Definitions for KRS 376.270 and 376.275.
  • 376.270 Lien on motor vehicle for repairs, storage or accessories -- Filing of statement with county clerk.
  • 376.275 Lien on motor vehicles and contents for towing, recovery, storage, transporting, and other applicable charges -- Attempt to notify registered owner -- Inspection of vehicle and contents prior to release -- Forfeiture and sale of contents -- Limitation of storage or growing company's liability.
  • 376.280 Sale of boat or motor vehicle for charges -- Advertisement of sale -- Definition of "boat."
  • 376.281 Lien on aircraft for storage, repairs or accessories.
  • 376.290 Lien on watches and jewelry for repairs -- Sale for charges.
  • 376.300 Lien of dry cleaner, launderer, or tailor on article for work done -- Sale for charges -- Notification and criteria for sale.
  • 376.310 Lien for storage and services on article prior to storage -- Sale for charges.
  • 376.320 Notice of sale of article for charges -- Distribution of proceeds.
  • 376.330 Posting of notices necessary to claim liens.
  • 376.340 Lien of keeper of hotel, inn, boarding house or house of private entertainment on personal property of guest for charges.
  • 376.350 Enforcement of lien on property of guest.
  • 376.360 Liens on steamboats and other vessels for work and supplies.
  • 376.370 Liability for damage done by vessel.
  • 376.380 Enforcement of lien and liability against vessel.
  • 376.390 Joinder of lienholders as plaintiffs -- When lien may be enforced against purchaser without notice.
  • 376.400 Lien of keeper of livery stable or agister for care of livestock -- Sale of livestock cared for -- Conditions.
  • 376.410 Enforcement of lien for care of livestock.
  • 376.420 Lien for service fee of stallion, jack, or bull -- Enforcement of lien.
  • 376.430 Lien on radios, phonographs and other electrical or electronic devices, for repair.
  • 376.435 Lien on die, mold, form, or pattern -- Respective rights of molder and customer.
  • 376.440 Lien on equipment, machinery and motors for work and supplies -- Filing of lien statement.
  • 376.445 Contents of lien statement -- Indorsement and filing by county clerk -- Fee.
  • 376.450 Lien inferior to mortgage or sale unless statement filed.
  • 376.455 Sale of equipment, machinery or motor to pay charges.
  • 376.460 Attorney's lien.
  • 376.470 Veterinarian's lien.
  • 376.475 Filing requirement -- Indexing -- Dissolution for nonenforcement.
  • 376.480 Lien for rent due on space for parking abandoned house trailer or mobile home -- Sale of abandoned property.
  • 376.990 Penalties.

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Which of the following statements is true about agency at Kentucky real estate brokerages?

Which of the following statements is true about agency at Kentucky real estate brokerages? Kentucky allows principal brokers to choose if their brokerage will use designated agency, dual agency without designated agency, or no dual agency.

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

Which of these Kentucky brokers is NOT required to maintain a place of business in the state? (Non-resident Kentucky brokers are not required to maintain a place of business if they have one established in their own state, or their state does not require that they hold a place of business.

What's the purpose of the agency disclosure statement used in Kentucky residential transactions?

Agency Disclosure Statement (201 KAR 11:121 – Section 6) – If an offer is presented to a party (from buyer to seller or seller to buyer), the receiving party's agent must provide the appropriate disclosure statement to advise their client of their role in the proposed transaction.

How many days do Kentucky licensees have to notify KREC about changes to their situation that affect their license?

(7) A licensee shall be subject to discipline consistent with the commission's authority in KRS 324.160(1) for a violation of KRS 324.160(4)(t) if the licensee fails to submit notification to the commission of any changes required by this section within ten (10) days of the change.