324.115 Brokers required to maintain definite place of business -- Exception for
120 words·~1 min read·
/ky/324-115A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
reciprocity agreements.
(1)Except as provided in subsection
(2)of this section, every broker licensed under
KRS 324.045 shall maintain a definite place of business in this state.
(2)A broker who is a nonresident shall not be required to maintain an active place of
business in this state if:
(a)He or she maintains a business place in the state of original licensure;
(b)The state of original licensure, in accordance with its reciprocity agreement
with the commission, does not require Kentucky licensees holding licenses in
that state to maintain an office in that state; and
(c)Paragraphs
(a)and
(b)of this subsection do not conflict with the commission's
agreement of reciprocity with the state of original licensure.