CHP 68 - KY Property Management, Timeshares.... Flashcards
1
Q
Promo of out of state property
A
Apply and receive approval from commission
2
Q
Can a Kentucky broker sell a timeshare property in Florida without a Florida license?
A
Yes with commission approval
3
Q
Notice of Affiliation
A
The notice of affiliation typically goes with the cooperation agreement partly so that other licensees and members of the general public can see the relationship.
4
Q
What ledgers are required
A
Owner and tenant
5
Q
Can an out-of-state broker enter into more than 1 cooperation agreement and notice of affiliation with a Kentucky cooperating broker at any given time?
A
Yes
6
Q
If an out-of-state broker violates Kentucky license law, what is the maximum fine the Commission may impose upon him or her?
A
$1,000
