In Kentucky, you can't work as a property manager for an owner without a signed, written property management agreement. Once the agreement terms have been set, ______.
-Both the agent and the property owner must sign the agreement, the owner receives a copy with the lease attached, and the owner certifies receipt of the agreement copy
-Both the agent and the property owner must sign the agreement, the owner receives the original, and the agent certifies receipt of the agreement copy
-The property owner signs off on the agreement, and the property manager receives a copy
-Verbally or in writing, both parties acknowledge the terms of the agreement, and the property manager must certify receipt of the agreement
Which statement about real estate business in Kentucky is true?
-Bart, a resident Kentucky broker, is required under Kentucky license law to hold a place of business in Frankfurt.
-Gerald, a non-resident broker, lives in a state that does not require licensees holding licenses in Kentucky to maintain an office in that state, therefore is not required to have a place of business in Kentucky.
-Laura, a nonresident broker, maintains a place of business in her own state. Kentucky license law does not require her to maintain a place of business in Kentucky.
-Savannah, a nonresident broker, conducts real estate transactions in multiple states, which exempts her from having any permanent place of business.