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Real Estate Salesperson Exam — National Portion

Recovery fund (KS): practice questions

Our Real Estate (National) bank has 5 questions on this topic. Here are 5 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Kansas

Who can't claim from the Kansas recovery fund?

  1. A buyer harmed by fraud
  2. The judgment debtor's spouse
  3. A seller whose deposit was stolen
  4. A tenant cheated by a broker
Show the answer

B. The judgment debtor's spouse — K.S.A. 58-3068(c)(1).

Question 2 · Kansas

When the Kansas recovery fund drops below $100,000, what does each broker pay?

  1. $3
  2. $10
  3. $15
  4. $40
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B. $10 — K.S.A. 58-3066(b); salespersons pay $5.

Question 3 · Kansas

What is the lifetime cap on Kansas recovery fund payments for one licensee?

  1. $15,000
  2. $30,000
  3. $50,000
  4. $100,000
Show the answer

C. $50,000 — K.S.A. 58-3067(c); $30,000 per calendar year.

Question 4 · Kansas

Within how long after final judgment must a Kansas recovery fund claim be made?

  1. 6 months
  2. One year
  3. Two years
  4. Five years
Show the answer

C. Two years — K.S.A. 58-3068(b)(2).

Question 5 · Kansas

What is the most Kansas's recovery fund pays for claims from one transaction?

  1. $10,000
  2. $15,000
  3. $30,000
  4. $50,000
Show the answer

B. $15,000 — K.S.A. 58-3067(b).

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