1. How long must a Kansas broker keep records relating to the real estate business?
Answer & explanation
Answer: A. K.A.R. 86-3-10 requires records to be kept in the broker's files for three years. Five years is tied to unclaimed trust money that may be sent to the recovery fund.
2. To qualify for a Kansas broker license, an applicant must have been licensed and actively engaged in real estate for at least:
Answer & explanation
Answer: A. 58-3039(d) requires at least two years of active engagement within the three years before application. The other options rearrange the numbers.
3. Two brokerages agree that one will work only on the east side of town and the other only on the west side. This is:
Answer & explanation
Answer: C. Dividing territories or customers among competitors eliminates competition and is illegal market allocation.
4. A listing agreement in which the broker earns a commission regardless of who sells the property is a(n):
Answer & explanation
Answer: B. In an exclusive right-to-sell listing, the listing broker earns a commission no matter who procures the buyer, even the owner. (Reclassified to section 6 / CORE.)
5. A Kansas broker's trust account may be maintained in an adjoining state:
Answer & explanation
Answer: A. 58-3061 requires the account in Kansas or, with written Commission permission, in an adjoining state. Residence alone does not authorize it.
6. On the $20,000 commission above, the listing broker keeps 50% and pays 50% to the buyer's broker. How much does the buyer's broker receive?
Answer & explanation
Answer: D. $20,000 x 0.50 = $10,000 to the buyer's broker.
7. In a lease, the tenant holds a ____ estate and the landlord holds a ____.
Answer & explanation
Answer: D. The lessee has a leasehold (non-freehold) estate; the lessor retains the leased fee interest plus the reversion.
8. A salesperson receives an earnest money check from a buyer. The salesperson should:
Answer & explanation
Answer: C. The broker manages the trust account; licensees must promptly deliver trust funds to the broker.
9. How many prelicense education hours does a Kansas salesperson applicant need in total?
Answer & explanation
Answer: C. 58-3046a requires a 30-hour Principles course plus a 30-hour Kansas Real Estate Practice course, 60 hours total. Thirty is only one of the two courses.
10. When a salesperson leaves a brokerage, the supervising broker must notify the Commission and request deactivation:
Answer & explanation
Answer: A. 58-3047(c) requires the broker to notify the Commission immediately. Ten days applies to the written statement when the departure involves a violation.
11. The Commission finds a broker misappropriated client funds with fraud causing substantial loss (aggravated), and separately committed three ordinary violations. What is the maximum total civil fine?
Answer & explanation
Answer: A. The aggravated misappropriation is capped at $5,000; each ordinary violation is capped at $1,000, so 5,000 + 3 x 1,000 = $8,000. $20,000 wrongly applies the $5,000 cap to all four violations.
12. The 'Real Estate Brokerage Relationships' brochure must be given to prospective buyers and sellers:
Answer & explanation
Answer: B. 58-30,110 requires the brochure at the first practical opportunity, and receipt is acknowledged in the sales contract. 'When an offer is written' is too late.
13. A licensee may not obtain a signature on a purchase contract unless which term is defined?
Answer & explanation
Answer: D. 58-3062(a)(12) requires the price, payment method, property description and method of setting the closing date to be defined. Commission splits aren't part of that list.
14. Which statement about dual agency is correct?
Answer & explanation
Answer: D. Dual agency creates an inherent conflict; with informed written consent, the agent provides limited representation and must keep each party's confidences.
15. A licensee contacts a seller whose home is under an exclusive listing with another broker and urges the seller to switch firms. This:
Answer & explanation
Answer: C. 58-30,103(l)-(n) prohibits soliciting an agreement from, or inducing a breach by, a party bound by another broker's exclusive agreement. Offering a lower fee doesn't change that.
16. A seller refuses to close on a valid contract. Because each parcel of real estate is unique, the buyer may sue to force the sale through:
Answer & explanation
Answer: D. Specific performance compels the breaching party to perform; it is available because land is unique. The buyer could alternatively seek monetary damages.
17. A supervising broker learns that an affiliated salesperson was charged with a felony. The broker must report it to the Commission within:
Answer & explanation
Answer: D. 86-3-15(c) requires supervising and branch brokers to report criminal information about associated licensees within 10 days of learning of it. The salesperson has a separate duty, but it does not replace the broker's.
18. Which statement about FHA-insured loans is correct?
Answer & explanation
Answer: C. FHA loans are made by approved lenders and insured by FHA, with down payments as low as 3.5% and mortgage insurance premium (MIP) required on all FHA loans, for 1-4 family homes.
19. A licensee never signs a buyer agreement but repeatedly gives a buyer negotiating advice and acts on his behalf. An agency relationship may have been created by:
Answer & explanation
Answer: A. Implied agency arises from conduct; the agent then owes full fiduciary duties. Express agency is created by stated agreement, ideally in writing.
20. A licensee may manage property for an owner for a fee only if there is:
Answer & explanation
Answer: D. Property management agreements must be written and signed; they make the manager a general agent and define duties, authority and fees.
21. A listing where the seller may sell themselves without owing commission, but only the listing broker among agents is protected, is:
Answer & explanation
Answer: B. In an exclusive agency listing, the seller pays no commission on a self-sale, but the listing broker is protected if any broker sells it. (Reclassified to section 6 / CORE.)
22. In real estate, the accessibility requirements of the Americans with Disabilities Act apply mainly to:
Answer & explanation
Answer: A. The ADA's accessibility rules primarily cover public accommodations and commercial facilities; housing accessibility is governed mainly by the Fair Housing Act.
23. The federal law that prohibits price fixing, group boycotts, market allocation and tie-in agreements is the:
Answer & explanation
Answer: A. The Sherman Antitrust Act of 1890 prohibits conspiracies in restraint of trade, including these practices.
24. On a closing statement, the purchase price is a:
Answer & explanation
Answer: B. The seller receives the price (credit); the buyer owes it (debit).
25. A seller wants to net $250,000 after paying a 6% commission and $6,000 in other closing costs. To the nearest dollar, what must the sale price be?
Answer & explanation
Answer: B. Net + other costs = $256,000, which equals 94% of the price (100% - 6%). Price = $256,000 / 0.94 = $272,340.43, about $272,340. Adding 6% to $256,000 ($271,360) understates the price.
Sources
Source verification pending. Confirm current requirements with your state regulator.