Download as PDF
324.400 Real estate education, research, and recovery fund -- Fees.
(1)
(2)
(3)
There is hereby created and established in the State Treasury the real estate
education, research, and recovery fund.
In addition to the license fees provided for in KRS 324.287, upon renewal of
every broker's and sales associate's license, as well as any and all other types
of licenses, if any, issued by the commission, as of June 30, 1972, and every
regular annual renewal date thereafter, the commission shall charge each of
the aforesaid licensees an amount not to exceed thirty dollars ($30) per year to
be included in the real estate education, research, and recovery fund. Each
and every original applicant for a license after July 1, 1972, shall likewise
submit to the commission an additional fee of thirty dollars ($30) to be
deposited in the real estate education, research, and recovery fund and shall
also be subjected thereafter to an annual renewal fee as of the regular renewal
period.
In addition to the license fees provided for in KRS 324.287, the commission,
based upon its own discretion as to need, may assess each licensee upon
renewal an amount less than thirty dollars ($30) per year, or nothing, but not
more. Each original applicant must pay the original amount of thirty dollars
($30), but on renewal will be subjected to the same renewal amount as other
licensees.
Effective:July 14, 2000
History: Amended 2000 Ky. Acts ch. 488, sec. 31, effective July 14, 2000. -Amended 1982 Ky. Acts ch. 196, sec. 31, effective July 15, 1982. -- Created
1972 Ky. Acts ch. 51, sec. 1.
Disclaimer: These codes may not be the most recent version. Kentucky may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.