What is the main purpose of the Kentucky Real Estate Commission quizlet?

What is the main purpose of the Kentucky Real Estate Commission?

The Commission is charged with the responsibility of protecting the public interest through regulation, examination and licensing of Kentucky real estate brokers and sales associates.

Which of the following is the Kentucky Real Estate Commission empowered to do?

In creating the Commission, the Commonwealth of Kentucky empowered it to regulate the licensing and education of brokers and to safeguard and protect the public interest.

How many members are on the Kentucky Real Estate Commission?

List the requirements to become a Kentucky Real Estate Commissioner. The Commission is made up of five (5) Commissioners and no more than three from any one political party. Commissioners serve for 4 year terms and not more than 2 consecutive terms.

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Which scenario would cause a licensee member of the KREC to be automatically removed from the commission?

Which scenario would cause a “licensee” member of the KREC to be automatically removed from the commission? they let their real estate license lapse. The chairperson of the Kentucky Real Estate Commission (KREC) is chosen by: fellow commissioners.

How hard is the KY real estate exam?

The Kentucky Real Estate Salesperson Exam is one of the hardest state test to pass in the United States. We have compiled this simple exam cram book that quickly and easily prepares you to take your state licensing exam and pass it on the 1st try with the PSI exam.

What is the salary for real estate agents?

The median annual pay for real estate agents was $48,930 in 2019, according to the most recent data available from the U.S Bureau of Labor Statistics.

Where do I schedule my real estate exam?

You can schedule your exam online at candidate.psiexams.com or by calling PSI’s Candidate Service Center at 1-800-733-9267. PSI advises that the fastest and most convenient way to schedule an exam is over the Internet. Online registration is available 24 hours a day.

How many times can you take the Kentucky real estate exam?

In fact, you can take it as many times as you want but keep in mind you must pay the exam fee on each additional attempt. Good news, though, you only have to retake the portion of the exam – national or state law – you failed. You have four (4) months for the retake. After that, both portions must be retaken.

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What’s one way the Kentucky real estate Education Research and Recovery Fund protects the public?

What’s one way the Kentucky Real Estate Education, Research, and Recovery Fund protects the public? –It funds public seminars about mortgage fraud.

How do you become a member of the Kentucky Real Estate Commission?

All applicants must:

  1. Be 18 years of age;
  2. Have attained a high school diploma or GED; (see also: Foreign Transcripts )
  3. Completed all real estate pre-license courses prior to taking the real estate examination;
  4. Complete FBI criminal background check; and.
  5. Must apply within sixty (60) days of passing their exam.

How long does it take to get your real estate license in Kentucky?

How long does it take to get a Kentucky real estate license? The two most time-consuming factors to getting your license include completing the FBI criminal background check and completing the Pre-Licensing education requirement. The background check takes 12 to 16 weeks to complete.

How can I be a real estate agent?

You can become a real estate agent in about four to six months, depending on where you live. Online prelicensing classes can speed up the process. Requirements vary by state, but the general steps are to take a real estate prelicensing course, take the licensing exam, activate your license, and join a brokerage.