Kentucky Real Estate Sales Associate and Broker Examinations Candidate Handbook PDF (Copyright 2020 by PSI Services LLC)
We’ve broken down the important parts of the candidate handbook into easy to read snippets which are easy to search,...
PSI General Portion Content Outline – Property Ownership
I. Property ownership (Salesperson 8%; Broker 10%) A. Real versus personal property; conveyances B. Land characteristics and legal descriptions Types...
PSI General Portion Content Outline – Land Use Controls and Regulations
II. Land use controls and regulations (Salesperson 5%; Broker 5%) A. Government rights in land Property taxes and special assessments...
PSI General Portion Content Outline – Valuation and Market Analysis
III. Valuation and market analysis (Salesperson 7%; Broker 7%) A. Appraisals Purpose and use of appraisals for valuation General steps...
PSI General Portion Content Outline – Financing
IV. Financing (Salesperson 10%; Broker 8%) A. Basic concepts and terminology Points LTV PMI Interest PITI Financing instruments (mortgage, promissory...
PSI General Portion Content Outline – General Principles of Agency
V. General principles of agency (Salesperson 13%; Broker 11%) A. Agency and non-agency relationships Types of agents and agencies Other...
PSI General Portion Content Outline – Property Disclosures
VI. Property disclosures (Salesperson 6%; Broker 7%) A. Property condition Property condition that may warrant inspections and surveys Proposed uses...
PSI General Portion Content Outline – Contracts
VII. Contracts (Salesperson 17%; Broker 18%) A. General knowledge of contract law Requirements for validity Factors affecting enforceability of contracts...
PSI General Portion Content Outline – Leasing and Property Management
VIII. Leasing and Property Management (Salesperson 3%; Broker 5%) A. Basic concepts/duties of property management B. Lease Agreements Types of...
PSI General Portion Content Outline – Transfer of Title
IX. Transfer of Title (Salesperson 8%; Broker 7%) A. Title Insurance What is insured against Title searches, title abstracts, chain...
PSI General Portion Content Outline – Practice of Real Estate
X. Practice of real estate (Salesperson 13%; Broker 14%) A. Trust/escrow accounts Purpose and definition of trust accounts, including monies...
PSI General Portion Content Outline – Real Estate Calculations
XI. Real estate calculations (Salesperson 10%; Broker 8%) A. Basic math concepts Loan-to-value ratios Discount points Equity Down payment/amount to...
PSI Kentucky State Content Outline – Real Estate Commission
Real Estate Commission (Sales Associate 5 Items, Broker 7 items) 1. General Powers a. Authority to issue licenses b. Examination...
PSI Kentucky State Content Outline – Requirements for a License
Requirements for a License (Sales Associate 10 items, Broker 8 items) Activities requiring a license Eligibility Renewal of License License...
PSI Kentucky State Content Outline – Brokerage Activities and Requirements
Brokerage Activities and Requirements (Sales Associate 18 Items, Broker 18 Items) Broker/sales associate relationship a. Team and group management and...
PSI Kentucky State Content Outline – License Law Requirements for Contracts
License Law Requirements for Contracts (Sales Associates 6 Items, Broker 6 Items) Statute of Frauds Listing Contracts Purchase Contracts a....
PSI Kentucky State Content Outline – Disclosures and Agency Issues
Disclosures and Agency Issues (Sales Associate 8 Items, Broker 8 Items) Agency relationships, requirements, and disclosure Disclosures of personal interests...
PSI Kentucky State Content Outline – Property Management
Property Management (Sales Associate 3 Items, Broker 3 Items) Must have written agreement Procedures and guidelines Handling of security deposits