Staff Directory

Education, Research and Recovery Fund Annual Statement for Fiscal Year Ending June 30, 2019


 

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About Us 

The Kentucky Real Estate Commission is charged with protecting the public interest through regulation, examination and licensing of Kentucky real estate sales associates and brokers pursuant to Kentucky Revised Statutes, Chapter 324.​​​​​​​​​

Notice to New Applicants

If you are initially licensed with the KREC in January and February please note you will be subject to renewal fees during the renewal cycle in the same year.

New Forms

New forms have been implemented by the KREC. When documenting licensee insurance, please use form #203 instead of form #500.

License Recognition Regulation Update

Effective Monday, Dec 16, Kentucky will no longer be a license recognition state. The KREC will only accept license recognition applications postmarked on or before Monday, Dec 16, 2019 due to the installment of regulation 201 KAR 11:210 Section 3. The Commission is currently negotiating reciprocity agreements with individual states, but at this time no agreements have been finalized.

 

We have moved!
The Kentucky Real Estate Commission has now moved to the newly constructed Mayo-Underwood state office building located in downtown Frankfort, Kentucky.

The new mailing address is:

Kentucky Real Estate Commission
Mayo-Underwood Building
500 Mero Street, 2NE09
Frankfort, KY  40601

Office phone notification- To continue to provide outstanding service to the real estate industry and the public we serve, effective immediately, the Public Protection Cabinet gives notice of the following new phone numbers: ​

KY Board of Auctioneers: 502-782-0722

The following numbers will remain unchanged during and after the relocation:

KY Real Estate Commission: 502-564-7760 

KY Board of Home Inspectors: 502-782-0563

KY Real Estate Appraisers Board: 859-623-1658
 
 

NEW Extended Reporting Period Coverage Insurance Requirement for Inactive Status KRS 324.310 (effective 06/27/19).

To place your license in inactive status (formerly known as "escrow"), you must provide proof of Extended Reporting Period Coverage (ERP) insurance for one (1) year after the date of your status change in order to process your request. If you are currently insured through the Kentucky Real Estate Commission group policy, a one (1) year ERP endorsement will satisfy this requirement. Licensees presently covered under a Firm insurance policy should purchase an individual policy and ERP endorsement to cover themselves. Contact your insurance provider about ERP options if you are not insured through the KREC's group policy.

Review the change in statute regarding the ERP by clicking here ​

For informational documents regarding the Extended Reporting Period (ERP) coverage issued in conjunction with the KREC group RISC policy, click here

For information regarding a firm private insurance policy for an Extended Reporting Period (ERP) coverage, click here (you will be redirected to a third-party insurance provider's website).

Paperwork Processing

We are presently experiencing a 3-5 BUSINESS day turnaround time for ALL paperwork processing. This includes but is not exclusive to applications, opening of new offices, commence/terminate inactive status and acceptance/release forms.

  
Online Applications and Online Services Portal for Brokers

 The Kentucky Real Estate Commission is pleased to present our online application system for submission of individual salesperson or broker licenses. This streamlined process can decrease turn-around time between application and issuance of a license. The link can be found here.

We encourage all Principal Brokers to use the Online Services portal for accepting and transfer actions as they will be facilitated in a more expedient time frame. You simply need to log into YOUR portal, click Acceptance Form (Licensee), type in the name of licensee, click ADD.  Once the licensee is unaffiliated from their present firm they go into THEIR portal, click Accept Transfer Request, select firm, digitally sign name and click submit.  The process will be complete and almost immediate. ​

 

E&O Insurance Notification

If you are an active agent, please make sure to renew E&O before renewing your license.​To renew your Errors and Omissions insurance policy for the 2019-2020 period, please click here: https://enroll2.risceo.com/policies/profile-verify

While renewing the policy, please make sure to use the 6 digit license number that was issued in Nov. 2017, or there may be an error in uploading it to the​ KREC system.

 
National Criminal History Check 
 

The fee for the National Criminal History Check is issued through the Kentucky State Police is $33.25. The FBI will also process the NCHC for $18. ​

  Meetings & Agendas

Meeting Announcement
A Kentucky Real Estate Commission meeting is scheduled for 11 a.m. on Jan. 16, 2020. This meeting will be held at the KREC's new primary location of the Mayo-Underwood Building, 500 Mero Street, Frankfort, KY 40601. Upon arrival, please wait in the main lobby until KREC staff can escort you to the meeting room. Thank you for your patience as we adapt to new office protocols.