2023 Kentucky Statutes 330.032 – License required for real estate sales at auction — Collaboration between auctioneer and real estate broker
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(1) A licensed auctioneer shall not sell real estate at auction without a real estate broker’s license.
(2) A licensed real estate broker shall not sell real estate at auction without an auctioneer’s license.
(3) Notwithstanding the provisions set forth in KRS § 426.522, an auctioneer and real estate broker may collaborate in conducting the sale of real estate at auction. When an auctioneer and real estate broker collaborate in the conduct of a sale of real estate at auction, a real estate broker shall be paid for services rendered as a broker, and an auctioneer shall be paid for services rendered as an auctioneer.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 14, sec. 1, effective June 24, 2015.
(2) A licensed real estate broker shall not sell real estate at auction without an auctioneer’s license.
(3) Notwithstanding the provisions set forth in KRS § 426.522, an auctioneer and real estate broker may collaborate in conducting the sale of real estate at auction. When an auctioneer and real estate broker collaborate in the conduct of a sale of real estate at auction, a real estate broker shall be paid for services rendered as a broker, and an auctioneer shall be paid for services rendered as an auctioneer.
Effective: June 24, 2015
History: Created 2015 Ky. Acts ch. 14, sec. 1, effective June 24, 2015.