Kentucky Statutes 324.090 – Expiration of license — Fine for failure to renew on time — Expired status
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(1) Licenses shall expire biennially and shall be renewed every two (2) years on the date determined by the commission by administrative regulation. The commission shall renew a license for two (2) years, in the absence of any reason or condition which might warrant the refusal of the granting of the license, upon receipt of the written request of the applicant and payment of the biennial fees required. A new license shall be mailed only if the licensee’s name, address, status, or affiliation changes.
(2) A fine not to exceed two hundred dollars ($200) shall be assessed for failure to renew on time before a new license is issued. Failure to receive a renewal form shall not constitute an adequate excuse for failure to renew on time nor shall failure of the mail.
(3) Any license not renewed at the end of the biennial license period as prescribed by the commission shall automatically revert to expired status. An expired license may be reactivated before a lapse of one (1) year, if delinquent fees are paid by the licensee.
Effective: January 1, 2020
History: Amended 2019 Ky. Acts ch. 135, sec. 2, effective January 1, 2020. — Amended 2010 Ky. Acts ch. 130, sec. 1, effective July 15, 2010. — Amended 2000
Ky. Acts ch. 488, sec. 8, effective July 14, 2000. — Amended 1998 Ky. Acts ch. 313, sec. 6, effective July 15, 1998. — Amended 1992 Ky. Acts ch. 448, sec. 10, effective July 14, 1992. — Amended 1984 Ky. Acts ch. 352, sec. 4, effective July 13, 1984. — Amended 1982 Ky. Acts ch. 196, sec. 16, effective July 15, 1982. — Amended 1972
Ky. Acts ch. 51, sec. 5. — Amended 1942 Ky. Acts ch. 184, secs. 3 and 11. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3990e-5.
(2) A fine not to exceed two hundred dollars ($200) shall be assessed for failure to renew on time before a new license is issued. Failure to receive a renewal form shall not constitute an adequate excuse for failure to renew on time nor shall failure of the mail.
Terms Used In Kentucky Statutes 324.090
- Affiliation: means the relationship agreed upon between a licensee and a principal broker and reported to the commission, where the licensee places his or her license with the principal broker for supervision of the licensee's real estate brokerage activity. See Kentucky Statutes 324.010
- Commission: means the Kentucky Real Estate Commission. See Kentucky Statutes 324.010
- Year: means calendar year. See Kentucky Statutes 446.010
(3) Any license not renewed at the end of the biennial license period as prescribed by the commission shall automatically revert to expired status. An expired license may be reactivated before a lapse of one (1) year, if delinquent fees are paid by the licensee.
Effective: January 1, 2020
History: Amended 2019 Ky. Acts ch. 135, sec. 2, effective January 1, 2020. — Amended 2010 Ky. Acts ch. 130, sec. 1, effective July 15, 2010. — Amended 2000
Ky. Acts ch. 488, sec. 8, effective July 14, 2000. — Amended 1998 Ky. Acts ch. 313, sec. 6, effective July 15, 1998. — Amended 1992 Ky. Acts ch. 448, sec. 10, effective July 14, 1992. — Amended 1984 Ky. Acts ch. 352, sec. 4, effective July 13, 1984. — Amended 1982 Ky. Acts ch. 196, sec. 16, effective July 15, 1982. — Amended 1972
Ky. Acts ch. 51, sec. 5. — Amended 1942 Ky. Acts ch. 184, secs. 3 and 11. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3990e-5.