Property Management
A Kentucky property manager receives a bid from a maintenance contractor who is the manager's brother-in-law. The manager must:
AAutomatically reject the bid to avoid the appearance of impropriety
BDisclose the relationship to the property owner before awarding the contract✓ Correct
CAccept the bid only if it is the lowest received
DObtain KREC approval before hiring a related party
Explanation
A property manager must disclose any conflicts of interest, including family relationships with vendors, to the property owner. The owner can then make an informed decision about whether to award the contract.
Related Kentucky Property Management Questions
- A Kentucky office building property manager who notices a slip-and-fall hazard in the parking lot should:
- A property manager who fails to remit collected rent to the owner and uses funds for personal expenses has committed:
- In Kentucky, subletting (sublease) by a tenant typically requires:
- The Kentucky tenant's right to quiet enjoyment means the tenant is entitled to:
- A tenant's right to 'quiet enjoyment' means:
- A Kentucky commercial landlord negotiating a 'build-out allowance' is offering:
- A Kentucky commercial lease that requires the tenant to pay a set percentage of sales as rent is called a:
- After a tenant vacates, a Kentucky landlord must return the security deposit within:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →