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Kentucky Chapter 324 — Real Estate Brokers and Sales Associates

77 sections hosted, reproduced from the official public-domain source.

  • KRS 324.010— Definitions for chapter
  • KRS 324.020— Activities unlawful without license -- Requirement of licensing -- Application of chapter to owner or builder-developer -- Prohibition against fee splitting -- Exceptions -- Supervision of sales associate -- Authority to seek injunctive relief
  • KRS 324.030— Exceptions to KRS 324.020
  • KRS 324.040— Application for license as broker or sales associate
  • KRS 324.045— Qualifications for license -- Examination -- Fee -- Criminal record check
  • KRS 324.046— Requirements for initial licensure
  • KRS 324.047— Repealed, 1982
  • KRS 324.048— Repealed, 1982
  • KRS 324.050— Repealed, 1982
  • KRS 324.060— Repealed, 1972
  • KRS 324.070— Repealed, 2000
  • KRS 324.080— Form of license certificate -- Delivery
  • KRS 324.085— Continuing education requirements -- Post-licensure education requirements -- Qualifications of instructors -- Administrative regulations
  • KRS 324.090— Expiration of license -- Fine for failure to renew on time -- Expired status
  • KRS 324.092— Repealed, 1980
  • KRS 324.094— Repealed, 1977
  • KRS 324.100— Repealed, 1982
  • KRS 324.105— Repealed, 1982
  • KRS 324.110— Repealed, 1982
  • KRS 324.111— Escrow account of broker -- Interest -- Audit -- Contract deposit release -- Separate property management accounts
  • KRS 324.112— Broker to manage certain branch offices -- Qualified sales associate may manage certain branch offices -- Registration of branch offices -- Filing of licenses -- Temporary affiliation of one principal broker with another
  • KRS 324.115— Brokers required to maintain definite place of business -- Exception for reciprocity agreements
  • KRS 324.116— Repealed, 1960
  • KRS 324.117— Advertising -- Affiliations to be listed -- Administrative regulations of commission
  • KRS 324.120— Repealed, 1942
  • KRS 324.121— Designation of licensee as exclusive agent -- Effect of designation -- Availability of dual agency
  • KRS 324.130— Repealed, 1942
  • KRS 324.140— Repealed, 1982
  • KRS 324.141— Reciprocal licensing between states -- Consent to service of process by nonresident applicant
  • KRS 324.142— Promotion of sales in Kentucky of property located outside state
  • KRS 324.150— Investigation of licensee -- Disciplinary action against licensee --Investigative powers of commission -- Emergency hearings
  • KRS 324.151— Complaints -- Answers
  • KRS 324.160— Sanctions -- Grounds for sanctions
  • KRS 324.162— Agent's duty to disclose
  • KRS 324.165— Prohibited business practices -- Penalties
  • KRS 324.170— Hearing to precede any disciplinary action -- Notice -- Conduct of hearing
  • KRS 324.180— Repealed, 1942
  • KRS 324.190— Repealed, 1996
  • KRS 324.200— Hearing -- Denial of license or any other disciplinary action -- Appeal -- Stay of judgment pending appeal
  • KRS 324.210— Repealed, 1996
  • KRS 324.220— No other license to be issued for five years after revocation
  • KRS 324.230— Revocation or suspension of principal broker's license renders inactive the license of person associated with broker
  • KRS 324.235— Definitions for KRS 324.235 to 324.238
  • KRS 324.236— Engaging in commercial real estate brokerage by out-of-state principal broker and out-of-state licensee
  • KRS 324.237— Notice of affiliation with Kentucky cooperating broker required
  • KRS 324.238— Compliance with KRS 324.160(4) and 324.235 to 324.238 -- Sanctions and penalties
  • KRS 324.240— Repealed, 1942
  • KRS 324.250— Repealed, 1942
  • KRS 324.260— Repealed, 1942
  • KRS 324.270— Repealed, 1942
  • KRS 324.280— Repealed, 1966
  • KRS 324.281— Kentucky Real Estate Commission -- Members -- Terms -- Vacancies -- Duties -- Mandatory continuing education -- Compensation of members -- Staffing needs
  • KRS 324.282— Election of chairperson -- Rules and regulations
  • KRS 324.283— Repealed, 2017
  • KRS 324.284— Employees -- Office -- Equipment and supplies
  • KRS 324.285— Seal -- Records
  • KRS 324.286— Disposition of fees -- Payment of expenses
  • KRS 324.287— Fees
  • KRS 324.288— Affiliation fee
  • KRS 324.290— Repealed, 1982
  • KRS 324.300— Repealed, 1976
  • KRS 324.310— Delivery of sales associate's license to commission when association terminated -- Placing license in inactive status with commission -- Reactivating license
  • KRS 324.312— Commission's right to return of associate's license -- Sanction for failure to return
  • KRS 324.320— Repealed, 1976
  • KRS 324.330— Notice of change of location, firm name, surname, or associate -- New license
  • KRS 324.340— Repealed, 2000
  • KRS 324.350— Repealed, 1982
  • KRS 324.360— Form for seller's disclosure of conditions
  • KRS 324.395— Errors and omissions insurance mandatory for all active status licensees -- Extended reporting period coverage insurance for inactive licensees
  • KRS 324.400— Real estate education, research, and recovery fund -- Fees
  • KRS 324.410— Purposes of fund
  • KRS 324.420— Collection by aggrieved party from recovery fund
  • KRS 324.425— Closing existing business of deceased or incapacitated principal broker
  • KRS 324.980— Persons to whom KRS Chapter 324 does not apply
  • KRS 324.990— Engaging in real estate brokerage without license -- Penalties
  • KRS 324.2811— Automatic removal of member from commission
  • KRS 324.2812— Limitation of commission's jurisdiction