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Sep 16, 2024 · The following breakdown shows typical commission rates based on median home prices in major Kentucky cities. City. Median Home Sale Price. 1.5% Real Estate Commission. 3% Real Estate Commission. 5% Real Estate Commission. Lexington. $330,000.
The statutes give the commission broad powers in regulating the conduct of Kentucky real estate licensees. That power includes everything from issuing and revoking licenses to the supervision of ...
The Kentucky Real Estate Commission protects the public interest through regulation, examination, and licensing of Kentucky real estate sales associates and brokers pursuant to Kentucky Revised Statutes, Chapter 324. Contact us at 502-564-7760 or click here for more contact information. Licensing. Education. KREC Forms.
The average commission rate for REALTORS in Kentucky typically ranges from 5% to 6% of the home’s sale price. However, it’s important to note that this is just an average and not a fixed rate. The actual commission rate can vary depending on various factors. One factor that can influence the commission rate is the local market conditions.
- 324.010 Definitions.
- 324.020 Requirement of licensing -- Application of chapter to owner or builder-developer -- Prohibition against fee splitting -- Exceptions -- Supervision of sales associate -- Authority to seek injunctive relief.
- 324.030 Exceptions to KRS 324.020.
- 324.040 Application for license as broker or sales associate.
The Kentucky Real Estate Commission (KREC, also known as the Commission) works to protect the public through the regulation, examination, and licensure of real estate sales associates and brokers. The Commission also receives and investigates complaints involving its licensees. KREC strives to ensure that the real estate profession is ...
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Consumer Information KY Real Estate Commission - Louisville, KY. This information from the KY Real Estate Commission will outline laws and issues that affect consumers in their purchase and sale of real property. Visit the Kentucky Real Estate Commission's website for more details. 1. Click for Loan Issues. 2. Click for Property Issues. 3.
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