Kentucky State Real Estate Practice Exam #3

Which of the following disclosure is not required to be in writing? A. The property disclosure in the sale of a single-family home B. Permission from the buyer and seller to be a dual agent C. The fact that the agent is a part time agent D. The lead-based paint disclosure {Ans: the fact that the agent is a part time agent}Which of the following would NOT be an example of confidential information? A. "The lowest price I will take for the property is $100,000."B. "We're pre-approved for $100,000."C. "The sellers are transferring and that's why they are selling." D. "The property is for sale because there is a special assessment for sewers." {Ans: The property is for sale because there is a special assessment for sewers}Agent John has an appointment with a seller to list a property. The agent explained the office policies and told the seller that the advertising would consist of internet ads, the yard sign, and newspaper adverting twice a week. After two months on the market, the agent had not advertised in the newspaper. Based on this situation A. the agent appears to have made false promises. B. the license law does not