/ / / / / KRS 324.990 Engaging in Real Estate Brokerage Without License- Penalties

KRS 324.990 Engaging in Real Estate Brokerage Without License- Penalties

(1) Any person engaging in real estate brokerage without a license shall be guilty of a Class A misdemeanor for a first offense and a Class D felony for any subsequent offenses.

Special Note For Understanding: Penalties in KY are more serious the earlier the letter in the alphabet.
Class A misdemeanor is more serious than a Class B misdemeanor.
Class D felony is less serious than Class A through Class C felony.

A person who engages in real estate brokerage without a license due to failure to renew a previously valid Kentucky license shall not be subject to this penalty if the person is entitled to and does avail himself of the remedial provisions of KRS 324.090(3).

(2) In addition to the penalties set out in this chapter, a Circuit Court may impose an additional penalty on any person who violates any provision of this chapter by fining them not less than one hundred dollars ($100) nor more than one thousand dollars ($1,000) or imprisoning them for a term not to exceed six (6) months, or both.

Upon conviction, in addition to the aforesaid fine, there shall be added to the fine the amount of any real estate brokerage commission paid or received as a result of the violation or violations in question. Each transaction shall be regarded as a separate offense and shall be punished as such.

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