324.121 Designation of licensee as sole representative — Effect of designation — Availability of dual representation. 324.220 No further licences shall be issued for five years after revocation. We cannot provide legal advice to licensees or consumers in connection with a private business matter or draft or interpret contracts, agreements, disclosures, releases, forms or other legal documents. See Kentucky Supreme Court Rule 3.13(4.2, 4.3). The Kentucky Bar Association may be able to help you find a lawyer. Alternatively, Kentucky Realtors offers additional legal resources on its website. Kentucky REALTORS (KYR) represents more than 12,000 real estate agents involved in all aspects of real estate, including residential and commercial real estate agents, sales agents, developers, builders, property managers, office managers, appraisers and auctioneers®. KYR appreciates the open process through which these regulations were developed and for allowing our organization and others in our industry to provide feedback and feedback. We appreciate the hard work and time that each of the KREC commissioners and staff put into the process, as well as all the attempts to improve the real estate profession in Kentucky. 324,200 Trial — Denial of licence or other disciplinary action — Appeal — Stay of judgment pending appeal. If you have any questions, please do not hesitate to contact Richard Wilson, Director of Government Affairs at KYR, at 859-263-7377 or by email at rwilson@kyrealtors.com.

324,090 Licence expiry — Late renewal fine — Status expired. 324,236 Participation in commercial real estate brokerage by a non-state and off-state licensed prime broker. This page covers the most common topics covered by licensees and consumers. Please read each topic below to find answers to your questions before contacting the Office of the General Counsel for more information. 324.312 Right of Board to return partner licence — Penalty for non-return. 324 395 Errors and omissions insurance mandatory for all active status licensees — insurance for inactive licensees with extended reporting periods. 324,040 Application for registration as a commercial broker or agent. 324.150 Investigation of licensee — Disciplinary action against licensee — Commission`s powers of investigation — Emergency hearings. This handy reference of laws and rules for the real estate industry in Kentucky is a must for real estate professionals.

It is published in collaboration with Kentucky real estate brokers and contains useful information for real estate® and legal professionals. 324.330 Notice of change of location, company name, surname or shareholder — New licence. 324,400 Real Estate Education, Research and Recovery Fund — fees. 324.230 The revocation or suspension of the prime broker`s licence renders the licence of the person associated with the principal broker inactive. 324.112 Broker to manage specific branches — A qualified sales representative may manage certain branches — Branch registration — Licensing — Temporary affiliation of one principal broker with another. The Kentucky REALTOR Institute Real Estate Law Handbook 2020 is a softcover book covering the statutes, professions and professions of Kentucky Title 26 Chapters 324 and 324B and the Kentucky Regulations Title 201 Chapter 11. This book is complementary, but beneficial for all licensees. Under the following links, you will find the statutes and regulations of the professions of the Real Estate Inspection: The registration of subscribers to the automatic subscription program can be cancelled at any time by: Return of the invoice with the mention «CANCEL SUBSCRIPTION»; Call customer service at 800-833-9844; or by e-mail to customer.support@lexisnexis.com.

324.020 Licence requirement — Application of chapter to owner or builder-developer — Prohibition of apportionment of fees — Exceptions — Supervision of seller — Injunction. 324,237 Notice of affiliation with a cooperating broker in Kentucky required. 324 085 Training requirements — Training requirements after approval — Qualification of trainers — By-laws. 324.141 Interstate mutual licences — Consent to service of proceedings by non-resident applicants. 324.282 Election of the President — Rules of procedure. TITLE XXVI Professions Chapter 324. Real estate agents and salespeople, 324,010 to 324,990,324 B. Department of Professional Licensing – Kentucky Real Estate Authority, 324B.010 to 324B.060 BY-LAWS TITLE 201 Boards and Commissions 11. Real Estate Commission 201 KAR 11:011.

Definitions for 201 KAR Chapter 11 201 KAR 11:105. Advertisement 201 KAR 11:121. Code of Business Conduct 201 KAR 11:170. Requirements for Education Providers 201 KAR 11:190. Consumer and government complaints; Discipline; Administrative Hearings 201 KAR 11:210. Licensing, Training and Testing Requirements 201 KAR 11:220. Index of errors and omissions insurance requirements KREC has published possible changes to the following forms: Form 400 – Guide to Relations with Agents, Form 401 – Agency Consent – Seller and Buyer, Form 402 – Disclosure of Ownership Conditions by the Seller. KYR GAC 2021 sent out a survey last year to get feedback on the forms. After the comments were compiled and discussed in depth, the GAC submitted a letter to KREC for the public comment hearing, reflecting our opposition to some of the changes. Use your phone`s camera – scan the code below and download the Kindle app.

After the order window, all updates will be automatically sent to the subscriber with an invoice at the full price then in effect on a semi-annual or annual basis as soon as the updates are available. The subscriber can expect a price increase compared to the current selling price. The selling price does not and will not include shipping and handling. Customer reviews, including star ratings of products, help customers learn more about the product and decide if it`s right for them. If subscribers cancel between 31 and 60 days after the billing date and return the product at their own expense, they will receive a credit of 5/6 of the annual subscription price. For cancellations more than 60 days after the invoice date, no credit will be granted. In order to receive a credit, the subscriber must return all products shipped during the year at his expense within the aforementioned applicable withdrawal period. 324,284 employees — Office — Equipment and supplies. 324,425 Closure of existing businesses of deceased or unfit prime brokers. Subscription automatically renews without action by subscriber 324 281 Kentucky Real Estate Commission — Members — Terms and Conditions — Jobs — Duties — Mandatory Training — Compensation of Members. 324.238 Compliance with subsections KRS 324.160(4) and 324.235 to 324.238 — sanctions and penalties. 324.170 Pre-disciplinary hearing — Communication — Conduct of hearing.

324,420 Recovery by the injured party from the recovery fund. Subscribers will receive the products listed on the purchase order and any updates made available during the annual subscription period. Shipping and handling charges are not included in the annual price. See an example of this title with the function ReadNow 324 117 Advertising — affiliations to be listed — Commission by-laws. Read instantly in your browser with Kindle Cloud Reader. To calculate the total number of stars and the percentage distribution per star, we do not use a simple average. Instead, our system takes into account things like updating a review and whether the reviewer purchased the item on Amazon. It also analyzed reviews to check for reliability. 324.2811 Automatic dismissal of the member of the Commission. 324,165 Prohibited trade practices — Penalties. The Total Price includes the Products listed in the Order Form and any Updates for a limited period (minimum period of 30 days) after placing the order («Order Window»).

Shipping and handling charges are not included in the total price. 324,142 Promotion of the sale of real estate outside the State of Kentucky. 324,286 Disposition of fees — Payment of expenses. Subscribers are informed of the number of updates made to each publication in the previous year. The number of updates may vary due to legislative developments and other publishing issues, but subscribers can use it as a rough estimate of future deliveries. Subscribers can call customer service at 800-833-9844 for more information. The renewal price will likely include a slight increase from last year`s subscription price. Shipments cannot be returned more than 30 days after receipt and no credit will be issued.