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Real Estate Salesperson Exam — National Portion

Renewal (KY): practice questions

Our Real Estate (National) bank has 4 questions on this topic. Here are 3 of them with answers; the full mock exam draws from every topic, like the real one.

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Question 1 · Kentucky

Within how many days must a Kentucky licensee notify the commission in writing of a change of residence address?

  1. Ten days
  2. Thirty days
  3. Sixty days
  4. Five days
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A. Ten days — KRS 324.330(2).

Question 2 · Kentucky

An unrenewed Kentucky license reverts to expired status. Within what time may it be reactivated by paying delinquent fees?

  1. Within ninety days of the renewal date
  2. Within two full years
  3. Before a lapse of one year
  4. Within thirty days only
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C. Before a lapse of one year — KRS 324.090(3).

Question 3 · Kentucky

What insurance must a Kentucky licensee obtain before placing a license in inactive status?

  1. A general liability policy for any home office
  2. A surety bond equal to their annual commissions
  3. One year of extended reporting period coverage
  4. No coverage; inactive licensees are exempt
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C. One year of extended reporting period coverage — KRS 324.310(2)(c); KRS 324.395(1).

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