324.165 Prohibited business practices -- Penalties.
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/ky/chapter-324/324-165A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
(1)No person shall:
(a)Solicit or request a referral fee from a real estate licensee unless that person
introduced the business to the real estate licensee from whom the referral fee
is sought and a contractual referral fee relationship exists between the person
and the real estate licensee; or
(b)Threaten to reduce or withhold employee relocation benefits or to take other
action adverse to the interests of a client of a real estate licensee because of an
agency relationship.
(2)No real estate licensee, relocation firm, or firm with a corporate relocation policy or
benefits, or anyone on behalf of any licensee or firm, shall counsel a client of
another real estate licensee regarding the manner in which the client may terminate
or amend an existing listing contract, buyer agency agreement, or other agency
relationship. Communicating corporate relocation policy or benefits to a
transferring employee shall not be considered a violation of this section, as long as
the communication does not involve advice or encouragement regarding the manner
in which the client may terminate or amend an existing agency relationship.
(3)Violation of this section by a broker or sales associate shall be considered improper
conduct as referred to in KRS 324.160(4)(u). Violation of this section by unlicensed
persons shall be subject to the penalties in KRS 324.990.