10 exam-style questions with answers and explanations, straight from our 1,030-question bank. Tap an answer to check yourself. When you're ready, take the scored version in the free practice test.
The KY-RESA exam has 120 questions and runs 4 hours.
These 10 free KY-RESA questions are organized by exam domain, so you can see how each part of the Kentucky Real Estate Sales Associate Exam blueprint is tested. Reveal the answer and explanation under each question.
Two weeks before a restaurant lease expires, the tenant plans to remove a walk-in cooler it installed and bolted to the floor for its business. The lease expressly permits removal of trade fixtures before expiration if damage is repaired. The landlord insists that merely bolting the cooler down makes it part of the realty. Who has the better claim?
Correct answer: C - The tenant, if removal occurs before expiration and the damage is repaired
During pre-acquisition review of a former dry-cleaning site, records reveal historic solvent use but no confirmed contamination. Which first step provides the standard noninvasive environmental due diligence before deciding whether sampling is warranted?
Correct answer: A - Order a Phase I environmental site assessment
The operating statement for an eight-unit property shows annual potential gross income of $144,000, vacancy and collection loss of $9,000, laundry income of $3,000, operating expenses of $54,000, and mortgage payments of $36,000. At an 8% capitalization rate, the indicated value is:
Correct answer: B - $1,050,000
Four business days before consummation, a borrower receives the Closing Disclosure. Two business days before the scheduled closing, the creditor adds a prepayment penalty and issues a corrected disclosure. Which timing rule now controls?
Correct answer: C - Consummation must wait three business days after receipt of the corrected disclosure
The seller will fund cooperative compensation payable to a broker who already represents the buyer under an exclusive buyer-agency agreement. No other agency agreement is created. The payment leaves the broker:
Correct answer: B - As the buyer's agent, because compensation source does not create agency
All required federal lead disclosures have been completed for a covered 1966 home. To accelerate closing, the buyer asks to give up the 10-day inspection opportunity. Which response complies with the rule?
Correct answer: B - The buyer may waive it in writing, or both parties may agree in writing to shorten it
Timeline: the buyer's $410,000 offer expires at 6:00 p.m. Friday; the seller delivers a $420,000 counteroffer at noon; the buyer rejects it; the seller signs the original $410,000 offer at 5:00 p.m. without further communication from the buyer. The legal result is:
Correct answer: C - No contract, because the counteroffer terminated the original offer
Seller, original purchaser, and replacement investor sign an agreement substituting the investor and expressly releasing the original purchaser from further liability. The parties have accomplished:
Correct answer: D - A novation
Before her death, a grantor signs a deed to her nephew, keeps it in her desk, and tells a friend to hand it over after she dies. She never relinquishes control of the deed. The effect is:
Correct answer: D - No title transferred because the deed was not delivered beyond the grantor's control during life
Parking at an apartment community is first-come, first-served. Because that policy prevents equal use of the dwelling, a tenant with a mobility disability requests a reserved space near the accessible entrance. The request is a:
Correct answer: A - Reasonable accommodation to a policy
The KY-RESA exam also covers these domains. Drill them in the full free practice test:
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