In this guide you’ll learn all the details you need to know to get your license and become a real estate agent in Kentucky.
You’ll learn the basic real estate licensing requirements in Kentucky, information about the exam including pass rates and test prep, reciprocity rules, county by county breakdowns of the most expensive real estate in Kentucky, and more.
Okay, grab a cup of coffee, and let’s start at the beginning.
Basic Kentucky Real Estate Licensing Requirements
Getting a real estate license in Kentucky is rather easy compared to other states. You only need a total of 96 classroom hours of commission-approved pre-licensing courses. In comparison, to get a license in Texas, real estate licenses require applicants to complete 180 hours of courses. Here’s a quick breakdown of the real estate licensing requirements in Kentucky.
Pre-licensing Courses Required in Kentucky
In order to get a real estate license in Kentucky, you will need to complete 96 hours of real estate pre-licensing courses that will cover:
- The Real Estate Business
- License Law and Qualifications for Licensure
- License Law and Commission Rules
- Authorized Relationships, Duties, and Disclosure
- Real Estate Brokerage Activities and Procedures
- Violations of License Law, Penalties, and Procedures
- Federal and State Laws Pertaining to Real Estate
- Property Rights: Estates and Tenancies, Condominiums, Cooperatives, and Time Sharing
- Title, Deeds, and Ownership Restrictions
- Legal Descriptions
- Real Estate Contracts
- Residential Mortgages
- Types of Mortgages and Sources of Financing
- Computations and Closing of Transactions
- The Real Estate Market and Analysis
- Real Estate Appraisal
- Real Estate Investments and Business Opportunity Brokerage
- Taxes Affecting Real Estate
- Planning, Zoning, and Environmental Hazard
Kentucky Real Estate Exam Information
While the Kentucky Real Estate License exam has a higher passing rate than other states, you should still take studying for the test seriously.
If you’re looking for help in studying for the test, we recommend Real Estate Exam Scholar’s Exam prep course. They offer top-notch exam prep for an affordable price. Even better, they also offer a money back guarantee if you don’t pass on the first try.
Kentucky Pre-Licensing Exam Questions
- Total of 120 multiple-choice questions
- Questions on real estate principles and practices
- Questions on Kentucky and Federal laws
What to Bring to the Exam
- 2 valid forms of identification with signatures on pre-printed name. One ID must be a government-issued Photo ID
You must earn a score of 75 to pass the Kentucky Real Estate Sales Associate Exam
Kentucky Real Estate License Fee
Exam Fee in Kentucky
You need to have at least a high school diploma or GED in order to apply for a license in Kentucky.
Applicants must be at least 18 of age or older
Any U.S. citizen or a lawfully admitted alien can apply.
Any active member of the Kentucky Bar who is in good standing and qualified under the real estate license law is exempt from taking the real estate sales associate prerequisite course.
Applicants who have an existing criminal record may still apply for a real estate license. It would be best if applicants were to include their criminal history along with the necessary documents related to the conviction, if any, on their application. After submitting your fingerprints, your application will be forwarded to the Division of Criminal Justice Information Systems and to the Federal Bureau of Investigation. Upon investigation, each applicant will be considered on their own merits.
On average, it will take 3-4 weeks for your application to be processed and approved.
Online Real Estate Schools in Kentucky
While taking your real estate pre-licensing course in person can be helpful, online courses are much cheaper and offer the exact same courses. Real Estate Express is a solid choice.
Kentucky Real Estate License Reciprocity and Portability
If you plan on working in states besides Kentucky, then you need to know the real estate license reciprocity and portability laws for Kentucky.
- Reciprocity: Kentucky doesn’t have reciprocity with any other state.
- Portability: Cooperative.
To learn more about real estate license portability in Kentucky, check out our guide on real estate license reciprocity and portability here.
How to Choose the Right Real Estate Company to Work For in Kentucky
Let’s face it. Choosing the right brokerage to work for in any state isn’t easy. In order to make your choice a little bit easier, check out our in-depth guide on choosing the right real estate company to work for.
If you’re curious about which Kentucky brokerages are the most successful, check out Real Trends list of the top real estate brokerages in Kentucky for 2017 below.
|Real Estate Brokerage|
|Semonin Realtors & Rector-Hayden Realtors / HomeServices of Kentucky|
|Keller Williams Realty Louisville East|
|Schuler Bauer Real Estate ERA Powered|
|RE/MAX Properties East|
|Coldwell Banker McMahan Co.|
|Real Estate Brokerage|
|Semonin Realtors/Rector-Hayden Realtors/ HomeServices of Kentucky|
|RE/MAX Creative Realty|
|United Real Estate Lexington|
|Milestone Realty Consultants|
*Data from Real Trends Market Leaders 2017
Kentucky Counties with Highest Average Listing Price and Highest Median Sales Price 2017
Let’s face it, higher listing prices mean higher commission checks! To get a sense of which counties offer the best opportunities for big bucks in Kentucky check out this sales data from Trulia’s Kentucky home price page below.