Kentucky Statutes 324.040 – Application for license as broker or sales associate
Current as of: 2024 | Check for updates
|
Other versions
(1) Every applicant for a license, whether as broker or sales associate, shall state whether the applicant has ever had any broker’s or sales associate‘s license revoked or suspended. Every applicant for a license shall furnish a sworn statement setting forth his business and residence address.
(2) Every applicant for a broker’s or sales associate’s license shall apply in writing upon forms prepared or furnished by the commission. The applicant shall state the name of the person or company with which he will be associated in the business of real estate and the location of the place for which the license is desired. The applicant also shall set forth the period of time, if any, during which he has been engaged in the real estate business.
(3) Every applicant for a license shall be at least eighteen (18) years of age and shall have attained a high school diploma or its equivalent. After an applicant passes the required examination, the commission shall issue a license to him.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 448, sec. 5, effective July 14, 1992. — Amended
1982 Ky. Acts ch. 196, sec. 11, effective July 15, 1982. — Amended 1978 Ky. Acts ch. 172, sec. 2, effective June 17, 1978. — Amended 1976 Ky. Acts ch. 100, sec. 9. — Amended 1972 Ky. Acts ch. 264, sec. 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3990e-4.
(2) Every applicant for a broker’s or sales associate’s license shall apply in writing upon forms prepared or furnished by the commission. The applicant shall state the name of the person or company with which he will be associated in the business of real estate and the location of the place for which the license is desired. The applicant also shall set forth the period of time, if any, during which he has been engaged in the real estate business.
Terms Used In Kentucky Statutes 324.040
- Broker: means any person who is licensed under KRS §. See Kentucky Statutes 324.010
- Commission: means the Kentucky Real Estate Commission. See Kentucky Statutes 324.010
- Company: may extend and be applied to any corporation, company, person, partnership, joint stock company, or association. See Kentucky Statutes 446.010
- Real estate: means real estate in its ordinary meaning and includes timeshares, options, leaseholds, and other interests less than leaseholds. See Kentucky Statutes 324.010
- Revoked: means the status of a license when disciplinary action has been ordered that removes the licensee's legal authority to broker real estate for a minimum of five (5) years. See Kentucky Statutes 324.010
- Sales associate: means any person licensed in accordance with KRS §. See Kentucky Statutes 324.010
- State: when applied to a part of the United States, includes territories, outlying possessions, and the District of Columbia. See Kentucky Statutes 446.010
- Sworn: includes "affirmed" in all cases in which an affirmation may be substituted for an oath. See Kentucky Statutes 446.010
(3) Every applicant for a license shall be at least eighteen (18) years of age and shall have attained a high school diploma or its equivalent. After an applicant passes the required examination, the commission shall issue a license to him.
Effective: July 14, 1992
History: Amended 1992 Ky. Acts ch. 448, sec. 5, effective July 14, 1992. — Amended
1982 Ky. Acts ch. 196, sec. 11, effective July 15, 1982. — Amended 1978 Ky. Acts ch. 172, sec. 2, effective June 17, 1978. — Amended 1976 Ky. Acts ch. 100, sec. 9. — Amended 1972 Ky. Acts ch. 264, sec. 2. — Recodified 1942 Ky. Acts ch. 208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3990e-4.