Contracts
In Kentucky, which of the following best describes specific performance as a remedy for breach of a real estate contract?
AA monetary award equal to commission lost
BA court order requiring the breaching party to complete the transaction✓ Correct
CAutomatic forfeiture of earnest money
DA fine imposed by KREC
Explanation
Specific performance is an equitable remedy where a court orders the breaching party to fulfill their contractual obligations, often pursued in real estate because each parcel is considered unique.
Related Kentucky Contracts Questions
- A Kentucky listing agreement that has no expiration date is:
- An exclusive right-to-sell listing entitles the broker to a commission when:
- A Kentucky real estate purchase contract that has been accepted by both parties but not yet closed is described as:
- A contingency in a purchase contract:
- Which of the following would render a real estate contract void?
- A Kentucky buyer who finds a material defect after closing that was not in the seller's disclosure may pursue a claim if:
- A Kentucky buyer makes an offer on a property and the seller counters at a higher price. Before the buyer responds, the seller changes their mind and withdraws the counteroffer. The buyer:
- An option contract gives the optionee the:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →