Under Kentucky law, how long must a candidate have been actively licensed as a sales associate before applying for a broker license?
Correct Answer
C) 2 years
Under KRS 324.045 and 201 KAR 11:121, a Kentucky broker applicant must have been actively licensed as a sales associate for at least 2 years prior to applying for a broker license. In addition, the candidate must complete 21 hours of broker pre-license education and pass the broker licensing examination.
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Related Topics & Key Terms
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Related Concepts
An agency relationship created by a clear, explicit agreement between the principal and agent, either orally or in writing.
The highest legal obligation of trust and confidence owed by an agent to their principal, requiring the agent to act solely in the principal's best interest.
An agency relationship where the agent agrees to act on behalf of the principal without receiving compensation.
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