CHAPTER 324. REAL ESTATE BROKERS AND SALESMEN  


010. Definitions for 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 Repealed, 1982. [Repealed]
048. Repealed, 1982. [Repealed]
050. Repealed, 1982. [Repealed]
060. Repealed, 1972. [Repealed]
070. Repealed, 2000. [Repealed]
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 Repealed, effective July 1, 1980. [Repealed]
094. Repealed, effective July 1, 1977. [Repealed]
100. Repealed, 1982. [Repealed]
105. Repealed, 1982. [Repealed]
110. Repealed, 1982. [Repealed]
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 Repealed, 1960. [Repealed]
117. Advertising -- Affiliations to be listed -- Administrative regulations of commission.
120. Repealed, 1942. [Repealed]
121. Designation of licensee as exclusive agent -- Effect of designation -- Availability of dual agency.
130. Repealed, 1942. [Repealed]
140. Repealed, 1982. [Repealed]
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 -- Emergency hearings.
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 Repealed, 1942. [Repealed]
190. Repealed, 1996. [Repealed]
200. Hearing -- Denial of license or any other disciplinary action -- Appeal -- Stay of judgment pending appeal.
210. Repealed, 1996. [Repealed]
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.
Commercial Real Estate Brokerage
235. Definitions for KRS 324.235 to 324.238.
236. Engaging in commercial real estate brokerage by out-of-state principal broker and out-of-state licensee.
237. Notice of affiliation with Kentucky cooperating broker required.
238. Compliance with KRS 324.160(4) and 324.235 to 324.238 -- Sanctions and penalties.
240. Repealed, 1942. [Repealed]
250. Repealed, 1942. [Repealed]
260. Repealed, 1942. [Repealed]
270. Repealed, 1942. [Repealed]
280. Repealed, 1966. [Repealed]
Kentucky Real Estate Commission
281. Kentucky Real Estate Commission -- Members -- Terms -- Vacancies -- Duties -- Mandatory continuing education.
2811. Automatic removal of member from commission.
2812. Limitation of commission's jurisdiction.
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. [Repealed]
300. Repealed, 1976. [Repealed]
310. Delivery of sales associate's license to commission when association terminated -- Placing license in escrow with commission.
312. Commission's right to return of associate's license -- Sanction for failure to return.
320. Repealed, 1976. [Repealed]
330. Notice of change of location, firm name, surname, or associate -- New license.
340. Repealed, 2000. [Repealed]
350. Repealed, 1982. [Repealed]
360. Form for seller's disclosure of conditions.
Errors and Omissions Insurance
395. Errors and omissions insurance mandatory for all licensees.
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
990. Engaging in real estate brokerage without license -- Penalties.