Kentucky License Law
Referral fees paid to an unlicensed person by a Kentucky real estate licensee are:
APermissible if under $500
BProhibited✓ Correct
CAllowed if reported to KREC
DPermitted with a written referral agreement
Explanation
Kentucky law prohibits real estate licensees from paying referral fees or compensation to unlicensed persons for activities that require a real estate license.
Related Kentucky Kentucky License Law Questions
- A Kentucky real estate licensee's duty to discover and disclose material facts:
- A Kentucky real estate agent who acts in their personal capacity to buy a foreclosure property for their own investment must disclose to the seller that they are:
- A real estate licensee in Kentucky who provides false information on their license application may face:
- A Kentucky real estate licensee who is convicted of a felony must notify KREC within:
- Under KRS Chapter 324, who is responsible for ensuring a brokerage's advertising complies with KREC rules?
- A Kentucky broker who changes the employing broker for a sales associate must:
- A Kentucky licensee who is unsure whether a particular activity requires a real estate license should:
- A Kentucky real estate licensee who is also a certified public accountant (CPA) and tax advisor should be careful to:
Practice More Kentucky Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kentucky Quiz →