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Practice Of Real EstateContinuing_educationMEDIUM

A Kentucky licensee who fails to complete continuing education by the deadline:

Correct Answer

B) Has their license placed on inactive status until requirements are met

Failure to complete required continuing education results in the license being placed on inactive status. The licensee cannot practice real estate until CE requirements are fulfilled and the license is reactivated.

Answer Options
A
Receives a warning
B
Has their license placed on inactive status until requirements are met
C
Is permanently barred
D
Can practice for 6 more months

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Related Topics & Key Terms

Related Topics:

Continuing educationLicense renewalInactive statusKREC enforcementLicense reactivation

Key Terms:

continuing educationinactive statuslicense renewalKRECCE deadline

Related Concepts

Market allocation is an illegal antitrust practice in which competing real estate brokerages agree to divide markets among themselves by geographic area, property type, or price range, thereby eliminating competition.

Price fixing is an illegal antitrust practice in which competing real estate brokerages agree to charge the same commission rates, fees, or other pricing for their services. It is a per se violation of the Sherman Antitrust Act.

Florida brokers are required to maintain transaction records and escrow records for a minimum of five years.

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