Kentucky Statutes 324.288 – Affiliation fee
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No affiliation fee shall be charged in any year to a licensee. As used in this section, “affiliation fee” means any fee or compensation paid by a licensee, to any person, for the privilege of listing his license with a particular principal broker, in records submitted to the commission.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 488, sec. 26, effective July 14, 2000. — Created
1982 Ky. Acts ch. 196, sec. 8, effective July 15, 1982.
Effective: July 14, 2000
Terms Used In Kentucky Statutes 324.288
- 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
- Principal broker: means a person licensed as a broker under KRS §. See Kentucky Statutes 324.010
- Year: means calendar year. See Kentucky Statutes 446.010
History: Amended 2000 Ky. Acts ch. 488, sec. 26, effective July 14, 2000. — Created
1982 Ky. Acts ch. 196, sec. 8, effective July 15, 1982.