OpenExamsFREE PRACTICE — ANY EXAM

Kentucky Real Estate Broker — Requirements & Free Practice

US-KY · License preparation

349 free questions · Answer explanations · No signup required

Choose what to practice

Start with an exam below. Your examination requirements depend on your application pathway. View licensing requirements

Combined practice

Choose an exam or combined practice to begin.

Licenses, application pathways and examination requirements

Each license and applicant pathway has its own requirements and exemptions. Choosing practice questions does not determine your eligibility.

Real Estate Broker License

Kentucky broker licensure, including affiliated and principal broker practice, inactive status, and statutory issuance and restoration pathways.

Licensing authority: Kentucky Real Estate Commission · Application information

Reinstatement within one year after failure to affiliate or enter inactive status
No examination is required for this applicant pathway.
Individual Requirements
The Commission describes the reinstatement checklist as generic; individual applicants may accrue additional fees, fines, or documents according to the duration and reason for cancellation.
Reinstatement
Pay the applicable fee and submit Form 200 for active affiliation, or Form 201 and Form 203 with ERP coverage for inactive status.
Status
Broker license cancelled for the stated reason, with no revocation or suspension and reinstatement within one year of cancellation.

Official no-examination sources

Effective from 2024-04-04.

Reinstatement within one year after failure to complete Core or continuing education
No examination is required for this applicant pathway.
Individual Requirements
The Commission describes the reinstatement checklist as generic; individual applicants may accrue additional fees, fines, or documents according to the duration and reason for cancellation.
Reinstatement
Complete delinquent education; enter the applicable written delinquency plan and pay the statutory or regulatory fines and fees; submit affiliation or principal-broker company forms or inactive-status insurance as applicable.
Status
Broker license cancelled for the stated reason, with no revocation or suspension and reinstatement within one year of cancellation.

Official no-examination sources

Effective from 2024-04-04.

Reinstatement within one year after failure to maintain insurance
No examination is required for this applicant pathway.
Individual Requirements
The Commission describes the reinstatement checklist as generic; individual applicants may accrue additional fees, fines, or documents according to the duration and reason for cancellation.
Reinstatement
Provide Form 203 with compliant insurance; affiliated brokers submit Form 200; principal brokers submit Form 202 and an acceptance Form 200 for each affiliate; pay the applicable reinstatement fees.
Status
Broker license cancelled for the stated reason, with no revocation or suspension and reinstatement within one year of cancellation.

Official no-examination sources

Effective from 2024-04-04.

Reinstatement within one year after failure to renew
No examination is required for this applicant pathway.
Individual Requirements
The Commission describes the reinstatement checklist as generic; individual applicants may accrue additional fees, fines, or documents according to the duration and reason for cancellation.
Reinstatement
Submit renewal Form 208; for an affiliated active broker submit acceptance Form 200 and insurance Form 203; for a principal broker submit company Form 202, affiliate acceptance forms, insurance and the stated fees.
Status
Broker license cancelled for the stated reason, with no revocation or suspension and reinstatement within one year of cancellation.

Official no-examination sources

Effective from 2024-04-04.

New issuance after missing the education suspension reinstatement period
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
At least 21 academic credit hours or equivalent: nine academic credit hours of real estate courses excluding sales associate prelicense education, three of Broker Management, and nine commission-approved broker electives; no duplicate course credit.
Experience
Sales associate experience averaging at least 20 hours a week for 24 months before application; submit the notarized principal-broker statement or other commission-accepted documentation.
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
Management Final
Pass the currently offered management-course final; course completion predates the license application. A prior passing course result remains relevant even if the applicant need not retake it.
Management Project
Pass the individual course practicum or project before sitting the management final.
Minimum Age
At least 18 years of age under KRS 324.040(3).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Portion Timing
Pass both licensure portions within four months of passing the first; then apply within 60 days. After three failures of a required portion, wait at least 30 days before retaking.
Status
Failed to reinstate within 90 days after the end of an education-related suspension; the license is cancelled and initial-licensure requirements apply, including retaking the examination.
Reinstatement within 90 days after an education related suspension
No examination is required for this applicant pathway.
Documents Fees
Submit all documents required for reinstatement, pay all reactivation, renewal and transfer fees, and comply with all Commission orders.
Education
Complete all delinquent mandatory education.
Examination Authority
KRS 324.045(2) does not extend the general renewal examination exemption to suspended licenses; Section 13(9) supplies the specific timely reinstatement requirements.
Status
Suspension imposed under 201 KAR 11:210 Section 13; apply within 90 days following its expiration.

Official no-examination sources

Effective from 2019-12-16.

  • 201 KAR 11:210

    201 KAR 11:210 Section 13(9)(a)-(c), exhaustive timely reinstatement

  • KRS 324.045

    KRS 324.045(2), renewal examination exemption

New broker issuance after expiration or cancellation exceeding one year
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Commission Checklist Conflict
The Commission generic Steps to Reinstate a Cancelled License document says: "If a license has been cancelled for longer than one (1) year, the individual must obtain a National Criminal History Check, pass the sales associate licensing exam, and submit an application to KREC." That sales-associate examination belongs to another profession and is a condition only. The higher-ranked broker licensure provisions and the broker initial-licensure rule carry this broker route.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
At least 21 academic credit hours or equivalent: nine academic credit hours of real estate courses excluding sales associate prelicense education, three of Broker Management, and nine commission-approved broker electives; no duplicate course credit.
Experience
Sales associate experience averaging at least 20 hours a week for 24 months before application; submit the notarized principal-broker statement or other commission-accepted documentation.
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
Management Final
Pass the currently offered management-course final; course completion predates the license application. A prior passing course result remains relevant even if the applicant need not retake it.
Management Project
Pass the individual course practicum or project before sitting the management final.
Minimum Age
At least 18 years of age under KRS 324.040(3).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Portion Timing
Pass both licensure portions within four months of passing the first; then apply within 60 days. After three failures of a required portion, wait at least 30 days before retaking.
Status
Broker license expired or cancelled for more than one year; meet current initial issuance requirements and re-sit the appropriate broker examination.
Reactivation of an expired license before a one year lapse
No examination is required for this applicant pathway.
Active Requirements
Meet applicable active-license requirements, including education, E&O, affiliation or principal-broker company information.
Fees
Pay delinquent fees and the applicable late-renewal fine.
Status
Expired license with a lapse of less than one year.

Official no-examination sources

Effective from 2020-01-01.

  • KRS 324.045

    KRS 324.045(2), renewal examination exemption

  • KRS 324.090

    KRS 324.090(3), reactivation before a one-year lapse

  • KRS 324.160

    KRS 324.160(2), cancellation reissuance within one year

Initial licensure by examination
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
At least 21 academic credit hours or equivalent: nine academic credit hours of real estate courses excluding sales associate prelicense education, three of Broker Management, and nine commission-approved broker electives; no duplicate course credit.
Experience
Sales associate experience averaging at least 20 hours a week for 24 months before application; submit the notarized principal-broker statement or other commission-accepted documentation.
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
Management Final
Pass the currently offered management-course final; course completion predates the license application. A prior passing course result remains relevant even if the applicant need not retake it.
Management Project
Pass the individual course practicum or project before sitting the management final.
Minimum Age
At least 18 years of age under KRS 324.040(3).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Portion Timing
Pass both licensure portions within four months of passing the first; then apply within 60 days. After three failures of a required portion, wait at least 30 days before retaking.
Initial licensure with discretionary degree based experience reduction
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
At least 21 academic credit hours or equivalent: nine academic credit hours of real estate courses excluding sales associate prelicense education, three of Broker Management, and nine commission-approved broker electives; no duplicate course credit.
Experience
The Commission may reduce the experience requirement to one year for an applicant with an associate degree in real estate or a baccalaureate degree with a real estate major or minor; reduction is discretionary under KRS 324.046(4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
Management Final
Pass the currently offered management-course final; course completion predates the license application. A prior passing course result remains relevant even if the applicant need not retake it.
Management Project
Pass the individual course practicum or project before sitting the management final.
Minimum Age
At least 18 years of age under KRS 324.040(3).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Portion Timing
Pass both licensure portions within four months of passing the first; then apply within 60 days. After three failures of a required portion, wait at least 30 days before retaking.
Automatic continuation and renewal during active duty
No examination is required for this applicant pathway.
Duration
Continue throughout active duty and at least six months after discharge.
Prior License
In good standing and duly Kentucky-licensed when activated into Armed Forces active duty.
Renewal
Renew without dues, fees, or other typical renewal acts; continuing education is excused when military circumstances prevent it and a waiver is requested, or when the licensed occupation is performed as military duty documented in DD-214.

Official no-examination sources

Effective from 2011-06-08.

  • KRS 12.355

    KRS 12.355(1)-(3), active-duty continuation and renewal

  • KRS 12.010

    KRS 12.010(8), administrative body definition

Military connected equivalent license recognition
No examination is required for this applicant pathway.
Compact
A qualifying interstate-compact license instead follows the compact and applicable statutes under KRS 12.245(4).
Decision
Issuance within 30 days of a complete application unless a listed exception applies; the Commission may deny upon substantive evidence of significant training, education or experience deficiency creating a health or safety risk.
License Held
Equivalent license from another United States jurisdiction, active or expired for less than two years, in good standing; no disciplinary suspension.
Military Eligibility
United States military, Reserve or National Guard member, veteran, or spouse of a member or veteran.
Proof
Submit license and good-standing evidence and DD-214 or other qualifying military-service proof, or orders documenting transfer to a Kentucky military assignment.

Official no-examination sources

Effective from 2024-07-15.

  • KRS 12.245

    KRS 12.245(1), mandatory equivalent-license issuance and exceptions

  • KRS 12.245

    KRS 12.245(2), documentary requirements

  • KRS 12.010

    KRS 12.010(8), administrative body definition

Expedited regular broker issuance for a qualifying military spouse
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Military Spouse
Married to a current Armed Forces member assigned to a Kentucky duty station; hold a valid equivalent broker license from another United States jurisdiction; meet statutory broker qualifications and submit the prescribed application.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Processing Fees
Issue within 30 days without dues or fees under KRS 12.357(1); for regular electronic issuance or renewal, refund required fees within 30 days when subsection (4) conditions are met.
Regular renewal with military spouse fee protection
No examination is required for this applicant pathway.
Course Assessments
Any examination attached to a chosen continuing-education course is an educational completion condition; the official renewal provision does not identify a separate statewide examination.
Education
Comply with KRS 324.085 as amended effective July 15, 2026: 12 hours per biennial period, six in the first year, six of the 12 in law; extra biennial hours may be accumulated in the first year. The older 201 KAR 11:210 Section 11(1) states: 'Three (3) of the hours of continuing education shall be in law, and three (3) of the hours of continuing education may be electives.' It requires six hours each year. Those implementation terms remain stated for the applicant, with current KRS 324.085 controlling. Complete the Kentucky Core course every four years unless exempt.
Fee Refund
If electronic application requires fees, refund those fees within 30 days when KRS 12.357(4)(a) conditions are met.
Insurance
Maintain the required active E&O coverage or inactive ERP coverage and provide insurance certification when required.
Military Spouse
Spouse of a current Armed Forces member; meet regular broker renewal statutory requirements and submit the prescribed renewal application before the regular deadline.
Prior License
Current Kentucky broker license that has not been revoked or suspended and has not expired without renewal for more than one year.
Renewal
Renew biennially by March 31 in an even-numbered year using the portal or KREC Form 208; pay applicable fees and verify contact information.

Official no-examination sources

Effective from 2026-07-15.

  • KRS 324.045

    KRS 324.045(2), renewal examination exemption

  • KRS 324.090

    KRS 324.090(1), biennial renewal

  • 201 KAR 11:210

    201 KAR 11:210 Section 8(1)-(4), renewal procedure

  • KRS 12.357

    KRS 12.357(4), regular issuance and renewal qualifications and refunds

  • KRS 12.010

    KRS 12.010(8), administrative body definition

  • KRS 324.085

    KRS 324.085(1)(a)-(d), current biennial continuing education

Regular broker issuance with qualifying military training and experience
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
At least 21 academic credit hours or equivalent: nine academic credit hours of real estate courses excluding sales associate prelicense education, three of Broker Management, and nine commission-approved broker electives; no duplicate course credit.
Examination Nonwaiver
Military training and experience cannot substitute for a specified examination prerequisite under KRS 12.354(5)(b).
Experience
Sales associate experience averaging at least 20 hours a week for 24 months before application; submit the notarized principal-broker statement or other commission-accepted documentation.
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
Management Final
Pass the currently offered management-course final; course completion predates the license application. A prior passing course result remains relevant even if the applicant need not retake it.
Management Project
Pass the individual course practicum or project before sitting the management final.
Military Training
Military member or veteran separated with an honorable, under honorable conditions, or general under honorable conditions discharge within two years; submit DD-214 or proof of qualifying training. The Commission may accept military training, education and experience satisfying its statutory requirements and may deny insufficient equivalence.
Minimum Age
At least 18 years of age under KRS 324.040(3).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Portion Timing
Pass both licensure portions within four months of passing the first; then apply within 60 days. After three failures of a required portion, wait at least 30 days before retaking.
Reactivation of an inactive broker license
No examination is required for this applicant pathway.
Criminal History
Submit an acceptable criminal-record check under KRS 324.310(4)(a).
Education
Complete Core if it has not been taken in four years; if inactive more than one education cycle, complete Core plus six elective continuing-education hours; pre-June 19, 1976 licensees retain the statutory education exemption.
Fees Insurance
Pay reactivation fees, meet requirements applicable to active licensees, and provide compliant E&O coverage.
Status
Hold an inactive broker license and request active status through Form 201 or the portal.

Official no-examination sources

Effective from 2021-01-01.

  • KRS 324.045

    KRS 324.045(2), renewal examination exemption

  • KRS 324.310

    KRS 324.310(3)-(4), exhaustive reactivation requirements

  • 201 KAR 11:210

    201 KAR 11:210 Section 10(4)-(5), inactive reactivation

Reciprocal issuance under Kentucky agreement for Florida license holders
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Agreement Eligibility
The Kentucky Commission requires an active Florida broker license for at least 2 years immediately before the application under its named agreement or memorandum; eligibility is assessed by Kentucky.
Agreement Review
Review the Kentucky Commission named agreement or memorandum to determine qualification; submit license history, insurance, criminal-history check, and required fees.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Reciprocal Law Course
Complete the 40-hour reciprocal license law course through a KREC-approved provider and submit its completion certificate.
Reciprocal issuance under Kentucky agreement for Illinois license holders
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Agreement Eligibility
The Kentucky Commission requires an active Illinois broker license for at least 2 years immediately before the application under its named agreement or memorandum; eligibility is assessed by Kentucky.
Agreement Review
Review the Kentucky Commission named agreement or memorandum to determine qualification; submit license history, insurance, criminal-history check, and required fees.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Reciprocal Law Course
Complete the 40-hour reciprocal license law course through a KREC-approved provider and submit its completion certificate.
Reciprocal issuance under Kentucky agreement for Mississippi license holders
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Agreement Eligibility
The Kentucky Commission requires an active Mississippi broker license for at least 2 years immediately before the application under its named agreement or memorandum; eligibility is assessed by Kentucky.
Agreement Review
Review the Kentucky Commission named agreement or memorandum to determine qualification; submit license history, insurance, criminal-history check, and required fees.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Reciprocal Law Course
Complete the 40-hour reciprocal license law course through a KREC-approved provider and submit its completion certificate.
Reciprocal issuance under Kentucky agreement for Ohio license holders
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Agreement Eligibility
The Kentucky Commission requires an active Ohio broker license for at least 2 years immediately before the application under its named agreement or memorandum; eligibility is assessed by Kentucky.
Agreement Review
Review the Kentucky Commission named agreement or memorandum to determine qualification; submit license history, insurance, criminal-history check, and required fees.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Reciprocal Law Course
Complete the 40-hour reciprocal license law course through a KREC-approved provider and submit its completion certificate.
Reciprocal issuance under Kentucky agreement for Tennessee license holders
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Agreement Eligibility
The Kentucky Commission requires an active Tennessee broker license for at least 3 years immediately before the application under its named agreement or memorandum; eligibility is assessed by Kentucky.
Agreement Review
Review the Kentucky Commission named agreement or memorandum to determine qualification; submit license history, insurance, criminal-history check, and required fees.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Reciprocal Law Course
Complete the 40-hour reciprocal license law course through a KREC-approved provider and submit its completion certificate.
Reciprocal issuance from an active equivalent license
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Biennial renewal of an active broker license
No examination is required for this applicant pathway.
Course Assessments
Any examination attached to a chosen continuing-education course is an educational completion condition; the official renewal provision does not identify a separate statewide examination.
Education
Comply with KRS 324.085 as amended effective July 15, 2026: 12 hours per biennial period, six in the first year, six of the 12 in law; extra biennial hours may be accumulated in the first year. The older 201 KAR 11:210 Section 11(1) states: 'Three (3) of the hours of continuing education shall be in law, and three (3) of the hours of continuing education may be electives.' It requires six hours each year. Those implementation terms remain stated for the applicant, with current KRS 324.085 controlling. Complete the Kentucky Core course every four years unless exempt.
Insurance
Maintain the required active E&O coverage or inactive ERP coverage and provide insurance certification when required.
Prior License
Current Kentucky broker license that has not been revoked or suspended and has not expired without renewal for more than one year.
Renewal
Renew biennially by March 31 in an even-numbered year using the portal or KREC Form 208; pay applicable fees and verify contact information.

Official no-examination sources

Effective from 2026-07-15.

  • KRS 324.045

    KRS 324.045(2), renewal examination exemption

  • KRS 324.090

    KRS 324.090(1), biennial renewal

  • 201 KAR 11:210

    201 KAR 11:210 Section 8(1)-(4), renewal procedure

  • KRS 324.085

    KRS 324.085(1)(a)-(d), current biennial continuing education

  • 201 KAR 11:210

    201 KAR 11:210 Section 11(1), annual education implementation

Biennial renewal while inactive
No examination is required for this applicant pathway.
Course Assessments
Any examination attached to a chosen continuing-education course is an educational completion condition; the official renewal provision does not identify a separate statewide examination.
Education
An inactive licensee is exempt from continuing education while inactive, except education required for subsequent reactivation.
Insurance
Maintain the required active E&O coverage or inactive ERP coverage and provide insurance certification when required.
Prior License
Current Kentucky broker license that has not been revoked or suspended and has not expired without renewal for more than one year.
Renewal
Renew biennially by March 31 in an even-numbered year using the portal or KREC Form 208; pay applicable fees and verify contact information.
Status
License remains inactive; do not engage in brokerage for others; pay biennial renewal fees.

Official no-examination sources

Effective from 2019-12-16.

Discretionary reissuance at least five years after revocation
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
At least 21 academic credit hours or equivalent: nine academic credit hours of real estate courses excluding sales associate prelicense education, three of Broker Management, and nine commission-approved broker electives; no duplicate course credit.
Experience
Sales associate experience averaging at least 20 hours a week for 24 months before application; submit the notarized principal-broker statement or other commission-accepted documentation.
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
Management Final
Pass the currently offered management-course final; course completion predates the license application. A prior passing course result remains relevant even if the applicant need not retake it.
Management Project
Pass the individual course practicum or project before sitting the management final.
Minimum Age
At least 18 years of age under KRS 324.040(3).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Portion Timing
Pass both licensure portions within four months of passing the first; then apply within 60 days. After three failures of a required portion, wait at least 30 days before retaking.
Revocation
At least five years must have passed after revocation; another license is solely at Commission discretion, and the applicant must retake the appropriate examination and meet contemporary licensing requirements.

Temporary Real Estate Broker License

Temporary occupational licensure authorized by KRS 12.354 or KRS 12.357, applied to Kentucky real estate brokers; issuance remains subject to the qualifications and discretion of the applicable statute.

Licensing authority: Kentucky Real Estate Commission

Temporary broker issuance for a qualifying military spouse
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Education
Provide proof of 21 academic credit hours or equivalent approved through a reciprocity agreement, under 201 KAR 11:210 Section 3(3)(c) and (4).
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
License Held
An active equivalent real estate license from another United States jurisdiction and certification issued within the preceding 90 days; furnish license history and disciplinary information for every jurisdiction where previously licensed.
Management Exemption
The Commission Brokerage Management page states: "The regulation does not apply to broker candidates who are applying for a license through reciprocity." KRS 324.141(1)(a)3 nevertheless requires all other pre-license qualifications and KRS 324.046(1)(a) names broker management. The requirement retains the management assessments on those statutory terms; the applicant should use the Commission stated exemption or commission-approved education equivalence as applicable.
Military Spouse
Spouse of a current Armed Forces member assigned to a Kentucky duty station with a valid broker license from another United States jurisdiction; satisfy Kentucky statutory broker requirements.
Minimum Age
At least 18 years of age under KRS 324.040(3).
National Portion
Only the state-law portion is involved in reciprocal licensure under KRS 324.141(1)(a)2 and 201 KAR 11:210 Section 3(3)(d).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Processing Fees
Issue within 30 days of the qualifying application without dues or fees.
Temporary Term
Temporary license expires six months after issuance and is not renewable under KRS 12.357(3).
Discretionary temporary broker issuance based on military training
Active Practice Status
An affiliated broker practices under a principal broker; a principal broker must satisfy the office, escrow, and company-information requirements applicable to that status.
Application
Submit the Score Report/License Application and all applicable supporting documents and fees; passing required portions is valid for 60 days.
Character
Honesty, truthfulness, good reputation, trustworthiness, and competence under KRS 324.045.
Criminal History
Request the national criminal history check before the licensure examination; the report must be obtained within the 90 days preceding the license application.
Discretion
Temporary issuance is discretionary; insufficient military equivalence may be denied, and specified examination prerequisites cannot be replaced by military experience.
Education
At least 21 academic credit hours or equivalent: nine academic credit hours of real estate courses excluding sales associate prelicense education, three of Broker Management, and nine commission-approved broker electives; no duplicate course credit.
Experience
Sales associate experience averaging at least 20 hours a week for 24 months before application; submit the notarized principal-broker statement or other commission-accepted documentation.
High School
High school diploma or its equivalent under KRS 324.040(3).
Insurance
Active licensure requires compliant errors and omissions insurance; inactive status requires one year of extended reporting period coverage.
Management Final
Pass the currently offered management-course final; course completion predates the license application. A prior passing course result remains relevant even if the applicant need not retake it.
Management Project
Pass the individual course practicum or project before sitting the management final.
Military Training
KRS 12.354 permits temporary issuance for a military member or veteran with qualifying separation within two years and military training, education, and experience satisfying broker requirements; submit DD-214 or other training proof.
Minimum Age
At least 18 years of age under KRS 324.040(3).
Nonresident Consent
A nonresident applicant must file Consent to Jurisdiction and Service of Process, KREC Form 205.
Portion Timing
Pass both licensure portions within four months of passing the first; then apply within 60 days. After three failures of a required portion, wait at least 30 days before retaking.

Temporary Principal Broker Status

Commission-permitted principal-broker closing status for an affiliated licensee after death or incapacity; this authorization is limited to closing the existing business and does not represent ordinary initial broker licensure.

Licensing authority: Kentucky Real Estate Commission

Temporary authorization to close a deceased or incapacitated principal broker business
No examination is required for this applicant pathway.
Affiliation
A sales associate affiliated with the principal broker at the time of death or incapacity; the rule describes an affiliated licensee requesting this status.
Discretion Application
The Commission decides permission on the merits of each case; submit Notification of Death or Incapacity of a Licensee, Form 206.
Scope
Complete and close only the then-existing business, for no more than six months.

Official no-examination sources

Effective from 2019-12-16.

  • KRS 324.425

    KRS 324.425, temporary permission to close a deceased or incapacitated principal broker business

  • 201 KAR 11:210

    201 KAR 11:210 Section 15(1)-(2), temporary principal broker status

Broker Management Skills Course Final Examination

Provider
Commission-approved broker education provider
Format
Comprehensive closed-book multiple-choice final examination
Exam questions
At least 75 multiple-choice questions
Passing score
At least 75 percent
Examination outline
  • Broker Management Skills
    • Leadership and management skills
    • Communications and decision-making
    • Analyzing the business environment
    • Analyzing the market
    • Developing a business plan, including structuring the organization, business systems, and finances
    • Business policies and procedures
    • Marketing and advertising
    • The practical and legal realities of staffing
    • Recruiting, selecting, and hiring the staff
    • Professional development
    • Critiquing operations
    • Managing risk
Examination sources
  • 201 KAR 11:170

    201 KAR 11:170 Section 7(2)(e)1-3, approved final examination

  • 201 KAR 11:170

    201 KAR 11:170 Section 7(2)(c)1-12, management course scope

  • 201 KAR 11:170

    201 KAR 11:170 Section 7(2)(e)4-6, final examination retakes

Broker Management Skills Course Scenario-Based Practicum or Project

This assessment does not have a question bank.

Provider
Commission-approved broker education provider
Format
Individual practicum or project
Passing score
Pass on a pass-fail scale
Examination sources
  • 201 KAR 11:170

    201 KAR 11:170 Section 7(2)(d), practicum and pass-fail assessment

Kentucky Real Estate Broker Examination — State Portion

Provider
PSI Services LLC
Format
Computer-administered written examination
Exam questions
50 scored state questions; 5 to 10 experimental questions may be administered and are unscored
Time limit
90 minutes for the state portion
Passing score
At least 75% correct
Examination outline
  • Real Estate Commission (Broker 7 Items)
    • General Powers
    • General Powers — Authority to issue licenses
    • General Powers — Examination and audit of records
    • General Powers — Administration of Education, Research, and Recovery Fund
    • Enforcement Powers
    • Enforcement Powers — Investigations, hearings, and appeals, emergency suspension
    • Enforcement Powers — Sanctions
    • Sanctions — Fines
    • Sanctions — License suspension, revocation, and other action
    • Sanctions — Criminal action
  • Requirements for a License (Broker 8 Items)
    • Activities requiring a license
    • Eligibility
    • Renewal of license
    • License procedures
    • License procedures — License changes and information to be reported
    • License procedures — Inactive license
    • Continuing and post-license education
    • Errors & Omissions insurance, ERP required to deactivate license
    • Criminal background check
  • Brokerage Activities and Requirements (Broker 18 Items)
    • Broker/sales associate relationship
    • Broker/sales associate relationship — Team and group management and rules (broker only)
    • Commissions
    • Advertising
    • Handling of monies
    • Handling of documents
    • Place of business
    • Records
    • Escrow accounts
    • Improper conduct
    • Unlicensed assistants
    • Broker lien law
    • Zero (no-call) list
    • Brokerage management (broker only)
    • Unlicensed brokerage
  • License Law Requirements for Contracts (Broker 6 Items)
    • Statute of Frauds
    • Listing contracts
    • Purchase contracts
    • Purchase contracts — Submission of offers
    • Purchase contracts — Finance provisions
    • Purchase contracts — Other required provisions
    • Licensee Duties
  • Disclosures and Agency Issues (Broker 8 Items)
    • Agency relationships, requirements, and disclosure
    • Disclosures of personal interests in real estate transactions
    • Condominium seller certificates
    • Seller disclosure of property condition
    • Other disclosure issues (stigmatizing factors)
  • Property Management (Broker 3 Items)
    • Must have written agreement
    • Procedures and guidelines
    • Handling of security deposits
Examination sources

National Broker Exam — National Portion (Real Estate Principles and Practices)

Provider
PSI Services LLC
Format
National portion of state real estate broker licensing examinations with its own minimum passing score; scenario-based questions with more than four options and one best answer, each option weighted zero, one or two points; candidates who fail one portion retake only that portion
Examination outline
  • I. Property Ownership (Broker 10%) (10%)
    • A. Real and personal property; conveyances
    • B. Land characteristics and legal descriptions: 1. Metes and bounds method of legal property description; 2. Lot and block (recorded plat) method of legal property description; 3. Government survey (rectangular survey) method of legal property description; 4. Measuring structures (linear and square footage); 5. Land measurement
    • C. Encumbrances and effects on property ownership: 1. Types of liens and their effect on the title and value of real property; 2. Easements, rights of way and licenses, including their effect on the title, value and use of real property; 3. Encroachments and their effect on the title, value and use of real property; 4. Potential encumbrances on title, such as probate, leases, or adverse possession; 5. Property rights that may be conveyed separately from use of the land surface, such as mineral and other subsurface rights, air rights, or water rights
    • D. Types of ownership: 1. Ownership in severalty/sole ownership; 2. Implications of ownership as tenants in common; 3. Implications of ownership in joint tenancy; 4. Forms of common-interest ownership, such as Timeshares, Condominiums and Co-ops; 5. Property ownership held in a trust or by an estate; 6. Ownership by business entities; 7. Life Estate ownership
  • II. Land use Controls (Broker 5%) (5%)
    • A. Government rights in land: 1. Government rights to impose property taxes and special assessments; 2. Government rights to acquire land through eminent domain, condemnation and escheat
    • B. Government controls on land use
    • C. Private controls: 1. Deed conditions or restrictions on property use; 2. Subdivision covenants, conditions and restrictions (CC&Rs) on property use; 3. Condominium and owners’ associations regulations or bylaws on property use
  • III. Valuation (Broker 8%) (8%)
    • A. Appraisals: 1. Appraisals for valuation of real property; 2. Situations which require appraisal by a licensed or certified appraiser and brokerage-related actions that constitute unauthorized appraisal practice; 3. General steps in appraisal process
    • B. Estimating Value: 1. Economic principles and property characteristics that affect value of real property; 2. Sales or market comparison approach to property valuation and appropriate uses; 3. Cost approach to property valuation and appropriate uses; 4. Income analysis approach to property valuation and appropriate uses
    • C. Comparative Market Analysis (CMA): 1. Competitive/Comparative Market Analysis (CMA), BPO or equivalent; 2. Automated Valuation Method (AVM), appraisal valuation and Comparative Market Analysis (CMA)
  • IV. Financing (Broker 9%) (9%)
    • A. Basic Concepts and Terminology: 1. Loan financing (for example, points, LTV, PMI, interest, PITI); 2. General underwriting process (e.g., debt ratios, credit scoring and history); 3. Standard mortgage/deed of trust clauses and conditions; 4. Essential elements of a promissory note
    • B. Types of Loans: 1. Conventional loans; 2. Amortized loans, partially amortized (balloon) loans, interest-only loans; 3. Adjustable-rate mortgage (ARM) loans; 4. Government Loans — a. FHA insured loans; b. VA guaranteed loans; c. USDA/Rural Development loan programs; 5. Owner financing (for example, installment or land contract/contract for deed); 6. Reverse-mortgage loans; 7. Home equity loans and lines of credit; 8. Construction loans; 9. Rehab loans; 10. Bridge loans
    • C. Financing and Lending: 1. Real Estate Settlement Procedures Act (RESPA), including kickbacks; 2. Truth-in-Lending Act (Regulation Z), including advertising; 3. Requirements and time frames of TRID (TILA-RESPA Integrated Disclosures); 4. Equal Credit Opportunity Act; 5. Lending Process (application through loan closing); 6. Risky loan features, such as prepayment penalties and balloon payments
  • V. Contracts (Broker 19%) (19%)
    • A. General Contract Law: 1. General principles of contract law; 2. Elements necessary for a contract to be valid; 3. Effect of the Statute of Frauds; 4. Offer and a contract; 5. Enforceability of contracts; 6. Void, voidable and unenforceable contracts; 7. Bilateral and unilateral contracts; 8. Nature and use of option agreements; 9. Notice, delivery, acceptance and execution of contracts; 10. Appropriate use, risks, and advantages of electronic signatures and paperless transactions; 11. Rights and obligations of the parties to a contract; 12. Possible remedies for breach or non-performance of contract; 13. Termination, rescission and cancellation of contracts
    • B. Purchase and Lease Contracts: 1. Addenda and amendments to contracts; 2. Purchase agreements; 3. Contract contingencies and methods for satisfying them; 4. Leases and rental agreements; 5. Lease-purchase agreements; 6. Types of leases
    • C. Proper handling of multiple offers and counteroffers
  • VI. Agency (Broker 13%) (13%)
    • A. Agency and non-agency relationships: 1. Agency relationships and how they are established; 2. Types of listing contracts; 3. Buyer brokerage/tenant representation contracts; 4. Other brokerage relationships, including transaction brokers and facilitators; 5. Powers of attorney and other assignments of authority; 6. Conditions for termination of agency or brokerage service agreements
    • B. Agent Duties: 1. Fiduciary duties of agents; 2. Agent's duties to customers/non-clients, including honesty and good faith
    • C. Agency Disclosures: 1. Disclosure of agency/representation; 2. Disclosure of possible conflict of interest or self-interest
  • VII. Property Disclosures (Broker 7%) (7%)
    • A. Property Condition: 1. Seller's property condition disclosure requirements; 2. Property conditions that may warrant inspections or a survey; 3. Red flags that warrant investigation of public or private land use controls
    • B. Environmental and Government Disclosures: 1. Environmental issues requiring disclosure; 2. Federal, state, or local disclosure requirements regarding the property
    • C. Disclosure of material facts and material defects
  • VIII. Property Management (Broker 5%) (5%)
    • A. Duties and Responsibilities: 1. Procurement and qualification of prospective tenants; 2. Fair housing and ADA compliance specific to property management; 3. How to complete a market analysis to identify factors in setting rents or lease rates; 4. Property manager responsibility for maintenance, improvements, reporting and risk management (BROKER ONLY); 5. Handling landlord and tenant funds; trust accounts, reports and disbursements (BROKER ONLY); 6. Provisions of property management contracts (BROKER ONLY)
    • B. Landlord and tenant rights and obligations
  • IX. Transfer of Title (Broker 6%) (6%)
    • A. Types of deeds
    • B. Title Insurance and Searches: 1. Title insurance policies and title searches; 2. Potential title problems and resolutions; 3. Marketable and insurable title
    • C. Closing Process: 1. When transfer of ownership becomes effective; 2. Process and importance of recordation; 3. Settlement procedures (closing) and parties involved; 4. Home and new construction warranties
    • D. Special Processes: 1. Special issues in transferring foreclosed properties; 2. Special issues in short sale transactions; 3. Special issues in probate transactions
  • X. Practice of Real Estate (Broker 12%) (12%)
    • A. Antidiscrimination: 1. Federal Fair Housing Act general principles and exemptions; 2. Protected classes under Federal Fair Housing Act; 3. Protections against discrimination based on gender identity and sexual orientation; 4. Prohibited conduct under Federal Fair Housing Act (Redlining, Blockbusting, Steering, Disparate Treatment); 5. Fair housing advertising rules; 6. Americans with Disabilities Act (ADA) obligations pertaining to accessibility and reasonable accommodations
    • B. Legislation and Regulations: 1. Licensees’ status as employees or independent contractors; 2. Antitrust laws and types of violations, fines and penalties; 3. Do-Not-Call List rule compliance; 4. Proper use of Social Media and Internet communication and advertising
    • C. Duties and Responsibilities: 1. Protection of confidential personal information (written, verbal or electronic); 2. Duties when handling funds of others in transactions; 3. Licensee responsibility for due diligence in real estate transactions
    • D. Supervisory Responsibilities (BROKER ONLY): 1. Broker's supervisory responsibilities (licensees, teams and unlicensed assistants and employees) (BROKER ONLY); 2. Broker relationship with licensees (employees or independent contractors and governing rules) (BROKER ONLY)
  • XI. Real Estate Calculations (Broker 6%) (6%)
    • A. Calculations for Transactions: 1. Seller’s net proceeds; 2. Buyer funds needed at closing; 3. Real property tax and other prorations; 4. Real property transfer fees; 5. PITI (Principal, Interest, Taxes and Insurance) payments estimate given loan rate and term
    • B. General Concepts: 1. Equity; 2. Rate of return/Capitalization rate; 3. Loan-to-Value ratio; 4. Discount points and loan origination fees
Examination sources