Ky Board Of Auctioneer Test 2023 Questions And Answers

"Real property" {Ans: means real estate in its ordinary meaning, including but not limited to timeshares, options,leaseholds, and other interests less than leaseholds of any form or type which may be lawfully kept or offered for sale, exchange, or lease; and}Testate {Ans: To die with a valid will.}Real Property/Real Estate {Ans: Means real estate in its ordinary meaning, including but not limited to timeshares, options, leaseholds, and other interests less than leaseholds of any form or type which may be lawfully kept or offered for sale, exchange, or lease. Real estate usually includes all improvements to the land, such as buildings, fences and fixtures. Title for real estate sold at auction passes at closing with delivery and acceptance of the deed.}Auctioneer's license required. {Ans: It is unlawful for any person to advertise or act as an auctioneer or apprentice auctioneer within the Commonwealth, or advertise or act as an auctioneer or apprentice auctioneer of real or personal property located within the Commonwealth, without a license issued by the board. It is unlawful for any person to advertise or act as a limited livestock auctioneer within the Commonwealth without a license issued by the board. It is