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Code · Kentucky · Chapter 324 — Real estate brokers and sales associates

324.090 Expiration of license -- Fine for failure to renew on time -- Expired status.

178 words·~1 min read·/ky/chapter-324/324-090

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

(1)Licenses shall expire biennially and shall be renewed every two
(2)years on the
date determined by the commission by administrative regulation. The commission
shall renew a license for two
(2)years, in the absence of any reason or condition
which might warrant the refusal of the granting of the license, upon receipt of the
written request of the applicant and payment of the biennial fees required. A new
license shall be mailed only if the licensee's name, address, status, or affiliation
changes.
(2)A fine not to exceed two hundred dollars ($200) shall be assessed for failure to
renew on time before a new license is issued. Failure to receive a renewal form shall
not constitute an adequate excuse for failure to renew on time nor shall failure of
the mail.
(3)Any license not renewed at the end of the biennial license period as prescribed by
the commission shall automatically revert to expired status. An expired license may
be reactivated before a lapse of one
(1)year, if delinquent fees are paid by the
licensee.
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