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Kentucky Revised Statutes

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Statutes Last Updated July 23, 2012

Includes Enactments through the 2012 Extraordinary Session
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KRS Chapter 324.00

  • .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  • .047   Repealed, 1982.

  • .048   Repealed, 1982.

  • .050   Repealed, 1982.

  • .060   Repealed, 1972.

  • .070   Repealed, 2000.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  • .092   Repealed, effective July 1, 1980.

  • .094   Repealed, effective July 1, 1977.

  • .100   Repealed, 1982.

  • .105   Repealed, 1982.

  • .110   Repealed, 1982.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  • .116   Repealed, 1960.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  • .120   Repealed, 1942.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  • .130   Repealed, 1942.

  • .140   Repealed, 1982.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 -- 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.

  • .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.

    • 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.

  • .250   Repealed, 1942.

  • .260   Repealed, 1942.

  • .270   Repealed, 1942.

  • .280   Repealed, 1966.

    • 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.

  • .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 to 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

  • .395   Errors and omissions insurance mandatory for all licensees.

    • Real Estate Education, Research,

  • .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.

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