If you’re looking to start a career in real estate in Kentucky or wondering, “Can a felon get a real estate license in Kentucky?” the answer depends on several factors. While it’s possible, some specific rules and steps must be followed. In this article, we’ll explain the requirements and the process for felons pursuing a real estate career in Kentucky.
Eligibility Criteria for a Kentucky Real Estate License
To be eligible to apply for a Kentucky real estate license, you need to fulfill the following prerequisites:
- Age requirement: You have to be at least 18 years old to qualify.
- Education: You must have a GED or a high school diploma.
- Legal Standing: Applicants must have no felony convictions in the past 10 years or misdemeanors involving fraud in the last five years.
Meeting these basic eligibility criteria allows you to move forward in the licensing process.
Complete a Pre-Licensing Education Course
One of the most important steps in getting your real estate license in Kentucky is completing a pre-licensing education course. This course prepares you for the state exam and teaches the basics of real estate.
Education Requirements
The state of Kentucky requires you to finish 96 hours of authorized real estate schooling. You can satisfy those hours by online publications or lessons. The route covers key subjects along with:
- Property Ownership: Understanding one-of-a-kind assets sorts and ownership rights.
- Contracts and Agreements: Learning how real estate contracts are structured and managed.
- Kentucky Real Estate Law: Familiarizing yourself with neighborhood laws and regulations.
Course Completion Certificate
After completing your course, you’ll receive a certificate. Keep this as proof when submitting your application to the Kentucky Real Estate Commission (KREC).
Pass the Kentucky Real Estate Exam
Once your education is completed, the next step is to pass the Kentucky real estate exam. This exam tests your knowledge of both national and state-specific real estate laws.
Exam Structure
The exam consists of two sections:
- National Portion: Covers general real estate principles such as property rights, contracts, and financing.
- State-Specific Portion: Focus on the rules and legislation governing real estate in Kentucky.
The computer-based test has multiple-choice questions. A minimum of 75% will be required to pass both sections.
Scheduling the Exam
The testing provider certified by the Kentucky Real Estate Commission is where you can make an appointment for your exam. After finishing your education course, be certain to schedule the exam and have enough cash available to cover the exam price.
Submit Your License Application
After passing the exam, the next step is to apply for your Kentucky real estate license. You’ll need to apply to the Kentucky Real Estate Commission along with a few required documents.
Required Documents
When applying, you’ll need to provide:
- Proof of completed pre-licensing education (your course completion certificate).
- Exam pass score.
- Background check: You’ll need to complete a criminal background check.
License Fees
There are fees associated with submitting your application, which typically include:
- Application fee: This covers the cost of processing your license.
- Background check fee: Separate fee for your background verification.
Complete Background Check
By legislation, all applicants for real estate licenses in Kentucky must submit to a background check. Through this inspection, the state’s legal requirements for professional licensees are met by the applicants.
Process of Background Check
Your fingerprints will be required for a universal background investigation. The check will be performed by the Kentucky State Police or another recognized agency. Since processing the data can take some time, it’s critical to complete this stage as soon as possible.
Maintain and Renew Your License
It’s crucial to maintain your real estate license valid after obtaining it. In Kentucky, maintaining your license in excellent condition involves ongoing training.
Conditions for Ongoing Education
You need to finish six hours of continuing education every year to renew your license. Real estate law updates and other legal subjects must be covered for at least 3 of these hours.
Procedure for Renewal of Licenses
Your license must be renewed annually. Before the renewal date, you will receive reminders from the Kentucky Real Estate Commission; nevertheless, it is your obligation to finish the required coursework and pay the renewal fee on time.
Start Your Real Estate Career in Kentucky
Once you’ve completed all the steps, you can start your career as a licensed real estate agent in Kentucky. Whether you’re interested in residential, commercial, or investment real estate, this license opens the door to many exciting opportunities.
Conclusion
Although obtaining a real estate license in Kentucky requires work, the benefits are significant. Every stage of the process, from finishing your pre-licensing training to passing the test and locating a sponsoring broker, has been designed to set you up for success in the field. In Kentucky, you can have a successful real estate career if you maintain your commitment to ongoing education and maintain the integrity of your license.
FAQ
Can a felon get a real estate license in Kentucky?
Yes, a felon can get a real estate license in Kentucky, but it’s not guaranteed. The Kentucky Real Estate Commission will review the criminal record first. They decide if the person is eligible to apply for the license. It’s important to get their approval before starting any classes or taking further steps.
Can you become a real estate agent with a felony in Texas?
It is possible to receive a real estate license in Texas without having committed a felony, although this is dependent upon the Texas Real Estate Commission’s (TREC) assessment.
How much does it cost to get a real estate license in Kentucky?
Depending on your preferred real estate school and level of training, a Kentucky real estate license can cost anywhere from $845 to $1,110. For a Kentucky real estate license course or bundle, Colibri charges $408–$884.
