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Kentucky Real Estate Commission

Kentucky Real Estate Commission, KREC function according to the Real Estate License Law and first such law was passed in 1924 by the Legislature of the state. The amendment of 1956 in the license law has made the written exam mandatory to get the real estate license. On 1 January, 1992 continuing education of six hours was made compulsory.

KY Real Estate Commission: Its Mission

The Kentucky Real Estate Commision has the mission that embraces the education and licensing of real estate brokers and salespersons. Along with this safeguarding public interest is also given the prime importance. Real estate commission in KY has five members who are appointed by the Governor. Four out of these are from the real estate sector and one is a consumer.

Licensing and Education of the real estate licensees is the core purpose of the Kentucky Real Estate Commission. For this written examination and it clearance is compulsory. There are many approved and online resources that can be checked for the pattern of the exam and how to prepare for this. After this the Kentucky Real Estate Commission issues the license to the applicant who have submitted their applications.

Kentucky Real Estate Continuing Education

Along with this renewal of the real estate license is also done for which continuing education is must to have. Continuing education is mandatory for the licensees who are licensed after June 19, 1976. This can be taken from the approved schools of real estate, which are sanctioned by the Kentucky Real Estate Commission. To check the list of approved real estate schools you can check the official website where info on pre-license education providers, continuing education providers , approved core course providers and schedules is given.

Real Estate Complaints

Handling real estate complaints is another function that is performed by the KY Real Estate Commission. Consumer who have experienced such law breaking practices can file the complaint against the salesperson and real estate brokers with the Kentucky Real Estate Commission.

There exists the Legal Department in the KREC that handles the complaints and all the legal questions, disciplinary and consumer calls, cases against unlicensed brokers etc. There are over hundred such FAQs in the website of KY Real Estate Commision that can be checked so that you get more clarity on the type of case and complaint. Along with this recovery fund is also kept by the real estate commission, which is given to the consumer who has suffered from financial loss because of the unlawful activity of any licensed broker or salesperson.

For working, the Kentucky Real Estate Commission also makes the policies. These policies are formulated according to the real estate law. During the growth of the real estate industry the commission also recommends the legislation to safeguard the interest of the public.

For further information check the contact information and website link of the Kentucky Real Estate Commission given by Realestatezing.com.

Address
Kentucky Real Estate Commission
10200 Linn Station Road, Suite 201
Louisville, KY - 40223
Ph: 502-429-7250
Fax: 502-429-7246
Website: http://www.krec.ky.gov/


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