INACTIVE AND ACTIVE STATUS
Sales associates and brokers have the option of having an active or inactive license. While active licensees may engage in brokerage activities, an individual whose license is inactive (formerly known as "escrow") is prohibited from doing so. Licensees who wish to place their license in a referral company must maintain an active license.
Steps to Place a License in Inactive Status:
- Purchase an extended reporting period (ERP) policy through the licensee's preferred E&O provider
- Complete sections 1, 4, and 5 of KREC form 201 | Form 201
- Submit form 201 and proof of ERP with a check or money order for $10 to KREC
A licensee may also place a license in inactive status on their eServices account. To do so, the licensee needs to complete step 1 above and select "Place License in Inactive Status" on the eServices menu.
FORM 201
E&O Insurance
eServices
Steps to Activate a License in Inactive Status:
- Obtain a National Criminal History Check
- Complete education pursuant to 201 KAR 11:210 Section 10. Click here for list of courses: Documents/2022.12.5 Courses to come out of inactive status.pdf
- Purchase E&O insurance through the licensee's preferred E&O provider
- Complete sections 1, 4, and 5 of KREC form 201 | Form 201
- If the licensee is affiliating with a principal broker, complete KREC form 200 | Form 200
- If the licensee is opening a brokerage, complete KREC form 202 | Form 202
- Submit national criminal history check, education, and appropriate forms with a check or money order for $30 to KREC
National Criminal History Check
E&O Insurance
Form 200
Form 201
Form 202
