Licensure Requirements for a Sales Associate
- Minimum age of 18
- 96 hours of real estate education through an Approved School OR 6 credit hours in the study of real estate from an accredited college or university
- High school diploma or equivalent
- Must obtain Errors and Omissions Insurance
- Fingerprint Background Check
- No felonies
- No misdemeanors within the past 5 years
- Pass the sales associate exam
- Apply for license within 60 days of passing the exam
- Complete 48 hours of post-license education from an Approved School within 2 years of license becoming active
Licensure Requirements for a Broker
- Complete education requirement as outlined on page 1 of the Kentucky Candidate Handbook
- Must have worked as a licensed sales associate for at least 2 years and worked at least an average of 20 hours per week during that time
- Must carry Errors and Omissions Insurance
- Fingerprint Background Check
- No felonies
- No misdemeanors within the past 5 years
- Submit Broker Education Review Form
- Pass the broker exam
- Apply for license within 60 days of passing the exam
Step by Step Guide (Sales Associate)
- Complete 96 hours of real estate education through an Approved School OR 6 credit hours in the study of real estate from an accredited college or university
- Complete the Fingerprint Background Check
- Pass the sales associate exam (See below for more information)
- Obtain Errors and Omissions Insurance
- Apply for license within 60 days of passing the exam
- Complete 48 hours of post-license education from an Approved School within 2 years of license becoming active. (For details on specific courses and hours, refer to the KREC Website)
Step by Step Guide (Broker)
- Complete education requirement as outlined on page 1 of the Kentucky Candidate Handbook
- Submit Broker Education Review Form
- Complete the Fingerprint Background Check
- Pass the broker exam (DO NOT register for the exam until your Broker education Review Form has been verified by the KREC)
- Apply for license within 60 days of passing the exam
Obtaining a reciprocal license if you are already licensed in another state:
Refer to page 2 of the Kentucky Candidate Handbook
Exam Info
Sales Associate: The exam costs $100 and is administered on a computer in multiple choice format. There are 130 scored questions (80 national and 50 state law), and 5-10 pre-test questions that do not affect your score.
There is no distinction made between scored questions and pre-test questions on the exam. They are all mixed in together, so it is important that you answer each question carefully. You must achieve a score of at least 75% to pass. You will have 2 ½ hours to complete the national portion and 1 ½ hours to complete the state law portion.
Broker: The exam costs $100 and is administered on a computer in multiple choice format. There are 125 scored questions (75 national and 50 state law), and 5-10 pre-test questions that do not affect your score.
There is no distinction made between scored questions and pre-test questions on the exam. They are all mixed in together, so it is important that you answer each question carefully. You must achieve a score of at least 75% to pass. You will have 2 ½ hours to complete the national portion and 1 ½ hours to complete the state law portion.
- Schedule online at http://www.psiexams.com/ or by calling (855) 746-8176. You can also mail or fax the exam registration form, found on PDF pages 14-15 of the Kentucky Candidate Handbook.
- For exam locations, refer to pages 4-5 of the Kentucky Candidate Handbook.
Fees:
Exam Fee- $100
License Application Fee (Sales Associate)- $130
License Application Fee (Broker)- $60
Background Check Fee- $18 through the FBI or $51.25 through KREC
License History Certification Fee (If Applicable)- $10
Broker Education Review Form Fee (Broker Applicants Only)- $10