There Is a Newer Version of the Kentucky Revised Statutes
2006 Kentucky Revised Statutes - CHAPTER 324 REAL ESTATE BROKERS AND SALESMEN
- .010 Definitions for chapter -- Application of chapter.
- .020 Requirement of licensing -- Application of chapter to owner or builder-developer -- Prohibition against fee splitting -- Supervision of sales associate -- Authority to seek injunctive relief.
- .030 Exceptions to KRS 324.020.
- .040 Application for license as broker or sales associate.
- .045 Qualifications for license -- Examination -- Fee -- Criminal record check.
- .046 Requirements for initial licensure.
- .047 Repealed, 1982.
- .048 Repealed, 1982.
- .050 Repealed, 1982.
- .060 Repealed, 1972.
- .070 Repealed, 2000.
- .080 Form of license certificate -- Delivery.
- .085 Continuing education requirements -- Qualifications of instructors -- Administrative regulations.
- .090 Expiration of license -- Fine for failure to renew on time -- Expired status.
- .092 Repealed, effective July 1, 1980.
- .094 Repealed, effective July 1, 1977.
- .100 Repealed, 1982.
- .105 Repealed, 1982.
- .110 Repealed, 1982.
- .111 Escrow account of broker -- Interest -- Audit -- Contract deposit release -- Separate property management accounts.
- .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.
- .115 Brokers required to maintain definite place of business -- Exception for reciprocity agreements.
- .116 Repealed, 1960.
- .117 Advertising -- Affiliations to be listed -- Administrative regulations of commission.
- .120 Repealed, 1942.
- .121 Designation of licensee as exclusive agent -- Effect of designation -- Availability of dual agency.
- .130 Repealed, 1942.
- .140 Repealed, 1982.
- .141 Reciprocal licensing between states -- Consent to service of process by nonresident applicant.
- .142 Promotion of sales in Kentucky of property located outside state.
- .150 Investigation of licensee -- Disciplinary action against licensee --Investigative powers of commission.
- .151 Complaints -- Answers.
- .160 Sanctions -- Grounds for sanctions.
- .162 Agent's duty to disclose.
- .165 Prohibited business practices -- Penalties.
- .170 Hearing to precede any disciplinary action -- Notice -- Conduct of hearing.
- .180 Repealed, 1942.
- .190 Repealed, 1996.
- .200 Hearing -- Denial of license or any other disciplinary action -- Appeal -- Stay of judgment pending appeal.
- .210 Repealed, 1996.
- .220 No other license to be issued for five years after revocation.
- .230 Revocation or suspension of principal broker's license renders inactive the license of person associated with broker.
- .240 Repealed, 1942.
- .250 Repealed, 1942.
- .260 Repealed, 1942.
- .270 Repealed, 1942.
- .280 Repealed, 1966.
- .281 Kentucky Real Estate Commission -- Members -- Terms -- Vacancies -- Duties -- Mandatory continuing education.
- .2811 Automatic removal of member from commission.
- .282 Election of chairperson -- Rules and regulations.
- .283 Compensation of commission members.
- .284 Employees -- Office -- Equipment and supplies.
- .285 Seal -- Records.
- .286 Disposition of fees -- Payment of expenses.
- .287 Fees.
- .288 Affiliation fee.
- .290 Repealed, 1982.
- .300 Repealed, 1976.
- .310 Delivery of sales associate's license to commission when association terminated -- Placing license in escrow with commission.
- .312 Commission's right for return of associate's license -- Sanction for failure to return.
- .320 Repealed, 1976.
- .330 Notice of change of location, firm name, surname, or associate -- New license.
- .340 Repealed, 2000.
- .350 Repealed, 1982.
- .360 Form for seller's disclosure of conditions.
Errors and Omissions Insurance
Real Estate Education, Research, and Recovery Fund
- .400 Real estate education, research, and recovery fund -- Fees.
- .410 Purposes of fund.
- .420 Collection by aggrieved party from recovery fund.
- .425 Closing existing business of deceased or incapacitated principal broker.
- .980 Persons to whom KRS Chapter 324 does not apply.
Penalties
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.
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