In Kentucky, the composition of the Kentucky Real Estate Commission is tested. Which statement is correct?
Correct Answer
A) The Commission has seven members appointed by the Governor
KRS 324.281 creates a seven-member Kentucky Real Estate Commission. Source basis: KRS 324.281 and KRS 324.150, Kentucky Legislative Research Commission official statutes: Commission composition, terms, duties, investigations, subpoenas, and emergency hearings; checked 2026-04-30.
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A tie-in arrangement is an illegal antitrust practice in which a seller conditions the purchase of one product or service on the buyer's agreement to purchase a separate product or service.
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
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