Kentucky License Law
A new Kentucky real estate licensee passes their exam. Before they may practice, they must:
AOnly receive their license certificate from KREC
BAffiliate with a principal broker and have their license activated✓ Correct
CComplete an additional 30-hour post-license course
DPass a background check administered by the FBI
Explanation
After passing the exam, a new licensee must affiliate with a licensed principal broker and have their license formally issued and activated before they may perform any licensed real estate activities.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Fee SimpleThe highest and most complete form of property ownership — absolute ownership with the right to use, sell, or pass the property to heirs.
Joint TenancyCo-ownership where two or more people hold equal, undivided interests with the right of survivorship — when one owner dies, their share passes to the surviving owners.
State-Specific Concepts
License Law
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