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For the Kentucky state portion, how should a candidate analyze a property management agreement is prepared?

Correct Answer

A) The agreement must include the full name and address of the principal broker’s brokerage company as registered with the Commission

201 KAR 11:121 Section 10 lists the brokerage company name and address as required agreement content. Source basis: 201 KAR 11:121 Section 10 and KRS 324.111, Kentucky Legislative Research Commission official sources: property management agreements, ledgers, deposit timing, escrow/management accounts, and property-management account records; checked 2026-04-30.

Answer Options
A
The agreement must include the full name and address of the principal broker’s brokerage company as registered with the Commission
B
An oral management understanding is enough whenever the owner trusts the broker.
C
Property management money may be handled as ordinary company operating funds.
D
The duty arises only after a tenant files a complaint.

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Related Topics & Key Terms

Related Topics:

ky.VIproperty_management

Key Terms:

kentuckyky.VIproperty_managementcompany-name-address
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