Kentucky Real Estate Commission656 Chamberlin Ave, Suite B Show
Salesperson Pre Licensing Education RequirementsA. Be 18 years old Broker Pre Licensing Education RequirementsA. Be 18 years old a. The typical Broker applicants education is made up of the following courses: i. Real Estate Principles- 96 hours **This is the course most individuals complete to obtain their salesperson license*** D. Submit for FBI background check Salesperson Post-Licensing Education RequirementsA. As of March 30th, 2015 HB 149 (KRS 324.085) became law stating that new sales associate licensees will be required to complete 48 hours of post-license education within
the first 2 years of obtaining a license. Went info effect 1/1/2016. a. 32 hours of Mandatory hours i. Commission Compliance Course- 3 hours b. 16 hours of electives Salesperson and Broker Continuing Education RequirementsA. All actively licensed agents shall be required to attend 6 hours of CE courses by December 31st of each calendar year. a. All actively licensed agents, except those licensees exempt under KRS 324.046(5) and those licensees satisfying the educational requirement in subsection (2) of this section, shall successfully complete 12 classroom or online hours of continuing education for the biennial license period. 6 of the 12 hours shall be completed
in the first year of the biennial license period or the license shall be automatically cancelled. Exam Provider InformationA. Questions about scheduling, items to bring or how the exam procedure works, please visit the testing providers website. a. Website: https://candidate.psiexams.com/catalog/fti_agency_license_details.jsp?fromwhere=findtest&testid=2312 B. Review the Candidate information bulletin to licensees are fully prepared for exam day. What does a broker have to do in Kentucky to maintain their right to place a lien on a residential property?What does a broker have to do in Kentucky to maintain their right to place a lien on a residential property? No broker in Kentucky is allowed to acquire a lien unless it is agreed to in writing that the broker will be paid for broker services rendered.
What's the fine for Kentucky licensees who fail to complete CE requirements?Licensees taking courses after December 21st of the calendar year may be subject to a cancelled license and will be assessed a $1,000 (new regulation) fine from KREC. There are no exceptions.
On what date do licensees need to renew their real estate licenses in Kentucky?All licensees must renew by March 31 of each year.
What must happen before the Kentucky Real Estate Commission may deny a new license application or order any disciplinary action against a licensee?before ordering disciplinary action against a licensee, the commission must... order a hearing. broker Pearl represents buyer Emma.
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