What’s the difference between a salesperson- and broker license in KY?

To make any changes to your licensing status, you will need to file a License Status And Personal Information Update Form with the Kentucky Real Estate Commission. Reactivating your license will cost $10, and you must submit updated insurance coverage information.

A Kentucky broker license enables you to operate an independent real estate firm into higher sales associates to work for you. A salesperson license enables you to assist with the business of real estate but work under the supervision of a real estate broker.

Refer to the Kentucky Department of Professional Licensing license verification tool to see your licensing status. Once you have been approved and issued a license, you will appear here. Another option is to search the Active License Directory from the KYDPL.

Your principal broker will be able to visit the Kentucky DPL eServices to print out your license. A copy of your license will also be delivered or mailed to your principal broker.

Kentucky Real Estate Commission offers a group Errors & Omissions Insurance policy carried by RISC Insurance Company. Or, you can carry E&O through a private carrier. Consult with your principal broker about which policy to purchase. You will need to submit the “Private Carrier Certification of Coverage” form.

You need to complete the pre-license education, submit your fingerprints for a background check, take and pass the state exam, and purchase errors and omissions insurance. Once you have done these steps, you will be ready to apply for your salesperson license.

You will receive a licensing application at the PSI Testing Center when you pass the state licensing exam. In addition, the Kentucky Real Estate Commission will send you an email within 36-48 hours of passing the exam with online application instructions. You can use either form to apply for your salesperson license.

Yes, you can use an online application process for your Kentucky real estate salesperson license. Simply wait 36 to 48 hours in the Kentucky Real Estate Commission will send you an email with instructions for online submission. If you don't receive this email, contact the KREC.

The Kentucky salesperson license fee is $130 for an active license. You pay the fee to the Kentucky Real Estate Commission using a credit card, debit card, or electronic check.

Be prepared to submit: ● Proof of high school diploma, GED, or equivalent ● Real estate education documentation via official college transcript or course completion certificate ● FBI background check record still valid within 90 days and fingerprint card ● Proof of E&O Insurance

You only have 60 days after passing the Kentucky State licensing exam to file your license application with the Kentucky Real Estate Commission. After that, you'll need to start the process again.

You will need to work for a Kentucky licensed real estate broker in order to receive an active salesperson license. Your licensing application will ask you for the name of a person or company that you will associate with for the business of real estate.

An active license says that you have met all of the licensing requirements, that you are in good standing, and that you are authorized to assist and be paid for your work. An inactive license says that you have met the licensing requirements, but you are not currently authorized to assist and be paid for your work.

Changing your licensing status requires you to file a License Status And Personal Information Update Form with the Kentucky Real Estate Commission. Inactivating your license will cost $10, and you must renew your license while inactive or it can be canceled.

You must meet all of the Kentucky licensing requirements and work under the supervision of a Kentucky License broker to receive and maintain an active Kentucky real estate salesperson license.