Realty World
KREC
LBAR
Forms
KY
100
Currently, how many Realty World Offices are in KY?

3

100

What is the website for KREC?

100

How many Realtors are on the LBAR Board of Directors?

16

100

What Form is in Compliance with KRS.117(4) and states that all advertising must include the name of the real estate company or principal broker?

Advertising Disclosure

100
In what City is the first KFC operated by Colonel Sanders located?

Corbin

200

When does Realty World have training webinars?

Every Wednesday at 1 PM EST

200

What is the fee for a licensee name change?

10.00

200

What City has the most Office Exclusive Listings?

Lexington

200

What listing form states the commission amount to be paid?

Exclusive Right to Sell

200

What is the 1st KY town to be named after a US President?

Washington, KY was the first town to be named after USA's first president. It was named after him in 1780 when he was still president.

300

If you are unable to attend the weekly webinars, where are they available for viewing at your convenience?

Realty World website under the learning center tab.

300

In what city is KREC located?

Frankfort

300

Who is the current President of LBAR?

John Groft

300

Name 3 circumstances when a Seller Disclosure of Property Condition is not required in a residential purchase.

1. New Construction homes if a written warranty is provided;

2. Sales of real estate at auction; and

3. A court supervised foreclosure sale.

300

What famous invention was 1st introduced in KY?

Thomas Edison introduced his greatest invention (electric light bulb) to the public at the 1893 Southern Exposition in Louisville, Kentucky.

400

What is the newest Realty World partnership?

TicketsatWork

400

In what year was the First Real Estate License Law passed by State Legislature?

1938

400

What was the AVG sales price in Madison County in May 2018?

$193,735.  

400

What information must be included on every page of an Offer to Purchase Contract?

Property Address

400

What is unique about the postal abbreviation of KY?

Kentucky is the only state to have the last two letters of its name as its postal abbreviation (KY).

500

Name an approved Realty World vendor for Signage

Oakley Signs and Graphics

500

What is the purpose of KREC?

The Kentucky Real Estate Commission is charged with protecting the public interest through regulation, examination and licensing of Kentucky real estate sales associates and brokers pursuant to Kentucky Revised Statutes, Chapter 324.

500

How many  Residential, Condo, or Townhouse new listings were added to LBAR in May, 2018?

185.  There was 195 added in May 2017.

500

What confirmation is needed at the bottom of the Inspections Agreement Form?

Final Walk Through Confirmation

500

In what year did KY join the union?

1792