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2015 Kentucky Revised StatutesCHAPTER 376 - STATUTORY LIENS
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources. 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.
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