Kentucky Real Estate School Online: Pre-License Courses

We’ve built the most affordable way for you to get your Real Estate License. All you have to do is attend at least 1 interview with one of our recruiters (+ provide feedback) after passing the state exam & before joining another brokerage, and we’ll reimburse you for the entire cost of The CE Shop course that you purchase from us.

That’s right – we’ll reimburse you whether you choose to join our team or not (but we hope you do!).  About 50% of our tuition reimbursement graduates choose to work for our team after interviewing with us.  The other 50% of our tuition reimbursement students that choose to join another brokerage still get their course costs fully reimbursed.

Below is a list of costs associated with getting a real estate license in KY:

How much are real estate pre-licensing classes?

The estimated cost for this is around $400-$800 or more depending on the school or online program you select. This involves finding an accredited and qualified real estate school to clock your hours. As stated earlier, the state of Kentucky requires you to finish 96 hours of education.

KY Real Estate License and Exam Costs

• $18 for FBI criminal background check fee
• $100 for Kentucky Sales Associate exam fee
• $120 for sales associate license application fee
• E&O insurance (dependent on whether group or independent insurance – as low as $126/year for group)

Real estate broker fees

These fees are estimated to cost anything from $30 to $450 per month. The real estate broker fees are the fees that you have to incur when you want to become associated with a recognized and accredited broker. As it is your first year, there are some things that your sponsor broker will provide. These things, such as office supplies, photocopies, internet, and any other business expenses, are usually associated with the daily operation of your business. It is also likely that you will have to pay a desk fee every month to help reimburse some of these costs.

Real estate membership dues

Membership dues and feels usually cost around $200 or more each year. And while they can qualify as a tax break in the state of Kentucky, they are still a significant expense for many Realtors. This fee typically depends on how many associations you want to join. For instance, you can become part of your local and state real estate boards.

Every one of these boards comes with a membership fee that has to be paid monthly or yearly for you to be able to enjoy the numerous advantages and networking options they offer. The local MLS or Multiple Listing Service will also have fees associated with them. Depending on where you are in the state, you may have to pay your monthly dues either to your broker or to the association directly.

Continuing Education

Becoming a real estate agent does not mean you stop educating yourself once you have passed your licensing tests.  To stay an active agent, you have to meet CE requirements. Some CE courses are offered for free through local boards of realty. Additional designations, though optional, may also come with fees.

The two most time-consuming factors to getting your real estate license in Kentucky include completing the FBI criminal background check and completing the Pre-Licensing education requirement. The background check takes 12 to 16 weeks to complete. The quickest way to complete the education requirement is to choose the 96 clock hours option and utilize the services of an online education provider, where you control the pace and tempo of your coursework, allowing you to complete the 96 hours as quickly as you want.

The average salary for a real estate agent in Kentucky is around $46,162. The bottom 20% of agents make around $21,100 per year, and the top agents make around $100,900 per year.

Kentucky only has reciprocity with Ohio real estate license holders. You just need to do the following before you can apply for a reciprocal license:

• Pay the salesperson license fee
• Have an active Ohio salesperson license for at least one year immediately preceding the time of application.
• You must affiliate your Kentucky license with a principal broker who holds a Kentucky broker license.
• Once licensed in Kentucky, you must adhere to all Kentucky licensing requirements, including completing 48 hours of post-license education courses within the first 2 years of obtaining a license.

Learning how to get a real estate license in KY might seem tricky, but we are here to help you avoid unnecessary stress.

KREC is the organization in Kentucky that is entrusted with real estate regulation and monitoring. They maintain standard practices, and handle issuing licenses to agents and brokers. The commission ensures that every real estate agent in Kentucky is up to snuff, and they ensure nobody is damaging the market with shady practices. In short, they oversee all aspects of the industry.