Kentucky License Law
KREC has authority to impose a maximum fine per violation of KRS Chapter 324 of up to:
A$500
B$2,500✓ Correct
C$5,000
D$10,000
Explanation
Under KRS Chapter 324, KREC may impose a civil fine of up to $2,500 per violation of its statutes or regulations.
Related Kentucky Kentucky License Law Questions
- Under Kentucky law, a 'pocket listing' where the agent markets a property to buyers without entering it into the MLS may raise concerns about:
- In Kentucky, a sales associate who is moving to another state and wants to transfer their Kentucky license must:
- Referral fees paid to an unlicensed person by a Kentucky real estate licensee are:
- A Kentucky licensee who advertises a property must include:
- A Kentucky real estate licensee's failure to maintain errors and omissions (E&O) insurance may result in:
- In Kentucky, what is the license renewal period for real estate licensees?
- A Kentucky licensee who violates the National Association of REALTORS® Code of Ethics may face:
- A person who practices real estate brokerage in Kentucky without a license may face:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →