Kentucky Real Estate Salesperson Exam — All Questions

Kentucky requires a licensee to disclose in writing which party the licensee represents:

• a.Only after closing is complete
• b.Only if the consumer asks about representation
• c.Within 30 days after the transaction
• d.No later than when entering into a listing or buyer agreement, or before the buyer signs an offer to purchase✓

Kentucky requires written disclosure of the licensee's agency relationship at an early point in the relationship, such as when a listing or buyer representation agreement is signed or before a buyer signs an offer. Timely disclosure lets consumers understand who represents their interests before they commit or share confidential information.

In Kentucky, a licensee may act as a dual agent representing both the buyer and the seller only when:

• a.The transaction is below a set price
• b.Both parties give written consent to the dual agency✓
• c.The two parties use different closing attorneys
• d.The principal broker approves it verbally

Dual agency is permitted in Kentucky only with the informed written consent of both the buyer and the seller. Because a dual agent cannot fully advocate for either party, the licensee must not disclose one party's confidential negotiating information to the other and must obtain documented consent before proceeding.