Kentucky License Recognition Information
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The Kentucky Real Estate Commission (KREC)are as follows:
1. The only education requirement is to pass a 40 question multiplce choice real estate law exam. After passing the exam, Kentucky will recognize the license you currently hold. That is, if you have a Broker’s license, you will receive a Kentucky broker’s license; if you have a sales associate license, you will receive a Kentucky sales associate’s license. You must apply for the same license that is active in the state where you reside.
2. Your real estate license must be active and you must provide a Certificaiton of Status showing that your real estate license in in good standing in the state where you currently reside. You must provide a Certification from all states in which you currently hold a real estaet license or have ever held a real estate license.
3. You must pass an FBI Criminal
Go to the local sheriff's department, state police post, UPS store or any other location for fingerpints. Your local law enforcement office should have the fingerprint file or it can be downloaded from www.FBI.gov or at this direct link.
4. When you pass your
exam, you will be given an exam score report and
application at the testing center. Here are the documents
that must be sent to the KREC in one package.
a. Exam Score Report
c. Criminal Background Check or Affividate
d. Certificate of Licensure
e. $60 License Fee
f. Proof of Errors and Omissions Insurance - KREC E&O Insurance Info
Send all documents in one package.
Principal Brokers will have additional forms, so keep reading!
Additional Information for Principal Brokers Applying for a Kentucky Real Estate License by License Recognition
If your brokerage firm is a corporation, partnership, limited liability company or business trust, you need to include your “Certificate of Existence” from the Kentucky Secretary of State’s Office. (www.sos.ky.gov)
If you are a sole proprietorship and you use a name other
than your legal name, you MUST include a copy of your
registration from the County Clerk’s Office where you are a
County Clerk information can be found athttp://elect.ky.gov/countyclerks.htm.
If your firm is a sole proprietorship and you are using your
proper name, you do not need to register with the Secretary
of State or the County Clerk’s office.
However, it is recommended that you consult with an attorney about the appropriate legal entity for your brokerage.
Kentucky law requires your brokerage to maintain an escrow account at a Kentucky bank. You will need to have the bank and the account number verified on your application.
Q. Where do I get my application?
A. You will receive your application from the PSI testing
service once you have passed the exam. You may
register for the exam atwww.PSIExams.com.
Be sure to tell them that you want to schedule the License
and inform them if you will be taking the sales associate or the broker ‘s exam.
If you are unclear as to which exam you need to take, please contact the Kentucky Real Estate Commission to verify before scheduling your exam. (www.krec.ky.gov)
Q. Is there anything I need to know to register?
A. Yes, your school code is 9999 and you must take a copy of your license or Certification of Licensure to the testing service. If you do not have your license or Certification of Licensure with you, the exam fee will be forfeited.
Q. Do you have exam prep materials to help me study?