In Kentucky, a licensee appointment or vacancy must be filled. Which statement is correct?
Correct Answer
C) The Kentucky Association of Realtors supplies a list of at least three licensee names to the Governor within sixty days
KRS 324.281 directs the Kentucky Association of Realtors to supply a list of not less than three licensee names within sixty days. Source basis: KRS 324.281 and KRS 324.150, Kentucky Legislative Research Commission official statutes: Commission composition, terms, duties, investigations, subpoenas, and emergency hearings; checked 2026-04-30.
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Related Topics & Key Terms
Related Topics:
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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