Must Kentucky property management companies have a real estate broker's license?
Yes, if a property manager is going to lease, rent, list, procure prospects or negotiate, assist, or offer to perform any of those acts, her or she will need a broker's license. A salesperson working under a broker may engage in such activities.
All active Kentucky real estate licensees are required to carry errors and omissions insurance as a condition of licensure.
Must Kentucky community association managers have a real estate broker's license?
NO. A broker's license is not required to manage community associations in Kentucky.
Kentucky Real Estate Broker Requirements
- 18 years of age
- must have been actively engaged in the real estate business as a licensed sales associate for a period averaging at least 20 hours per week for a two year period.
- have completed 21 credit hours, with at least 12 in real estate courses from an accredited college or university OR 336 classroom hours in real estate courses from a Kentucky Approved Proprietary School.
- Pass broker's exam
- submit to a criminal background check
