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PSI Kentucky Licensing Requirements

Candidates must apply for licensure within sixty (60) days of passing the examination.

Candidates are responsible for submitting all real estate education documents and college transcripts for elective hours to the Commission.

An applicant for a broker’s license will not be permitted to make a reservation for the broker’s exam nor be eligible for a broker’s license unless he/she has completed the required education.

DOCUMENTATION OF REAL ESTATE EDUCATION
The official documentation of the real estate education hours will consist of either an official transcript from the college or university or a course completion certificate from a Kentucky-approved real estate school.

CANDIDATES WHO HAVE HELD A LICENSE IN ANOTHER STATE
Any candidate who has ever held a real estate license in another state (regardless of whether the license is active or has been canceled) must provide a written “Certification of License History” from the licensing agency in that state. This document must be attached to the application and is only valid for ninety (90) days.

CANDIDATES WHO LIVE OUTSIDE KENTUCKY

Applicants who do not reside in Kentucky must complete and attach, as part of the license application, a “Consent to Service of Jurisdiction Form.” This form can be found in the Online Document Catalog on the KREC website (www.krec.ky.gov), Document #407.

LICENSE RECOGNITION CANDIDATES
If you are applying for a Kentucky broker or sales associate license under Kentucky license recognition, the state law portion of the examination is required as part of the licensing process. Please register to take this portion of the exam by requesting either the Sales – License Recognition Exam or the Broker – License Recognition Exam.

Please refer to the “License Recognition Application Information” section of the KREC website for instructions and forms. Any questions on the process should be directed to the KREC License Department staff.

Candidates applying under one of these agreements must be actively licensed in another state, obtain a criminal background check, and obtain certification of license history to apply. The candidate’s license cannot be canceled, in escrow, in retirement, or otherwise in an inactive status that would prohibit the performance of brokerage activity. Candidates applying under license recognition must bring a copy of their license or certificate of licensure to the test center to be administered only the state portion of the examination.

ERRORS AND OMISSIONS INSURANCE
Kentucky real estate licensees can choose to participate in the Commission’s group errors and omissions insurance policy or elect to obtain insurance through a private carrier as an individual or as part of a brokerage firm.

Candidates should consult with their principal broker regarding which errors and omissions insurance policy they should obtain.

To obtain the Commission’s group errors and omissions insurance policy, candidates should contact RISC Insurance Company. If candidates elect to carry private insurance, they must submit the “Private Carrier Certification of Coverage” form on the Commission’s website.

CRIMINAL BACKGROUND CHECK
All persons taking the real estate examination shall submit proof of an FBI Identification Records Check as part of the application for a license. This record must indicate that there have been no felony charges or convictions at any time and no misdemeanor charges or convictions within the past five (5) years.

Examination Fee $100

NOTE: REGISTRATION FEES ARE NOT REFUNDABLE. REGISTRATION FEES EXPIRE AFTER ONE YEAR OF REGISTERING.

Applicants must complete the fingerprint process and mail a request for the records check before they schedule for an examination.

If there is no record, the report and fingerprint card must be attached to the application for a license and forwarded to the Commission along with the other required documents and fees.

If any charge or conviction appears on the record, the report must be submitted to the Commission within five (5) days of receipt of the report. The Commission will then require that the applicant complete a Privacy Act Waiver and will begin an investigation into the charges or convictions. Following the completion of the investigation, the applicant will either be allowed to continue with education and examination or directed to appear before the Commission for a hearing.

Information regarding the criminal background check procedure is on the Commission’s website.. If the applicant receives an FBI report indicating that the prints are unreadable, he/she should refer to this document for further instructions on action to take. The report is valid for ninety (90) days.

ISSUANCE OF A LICENSE
The passing score report/license application will include a list of all items that must be forwarded to the Commission for issuance of a license. Applications that do not contain all of the necessary documents will be considered incomplete and thus not processed. Once all required documentation has been received, the application will be processed.

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