Kentucky Statutes 324.230 – Revocation or suspension of principal broker’s license renders inactive the license of person associated with broker
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The revocation or suspension of a principal broker‘s license shall automatically render inactive every license granted to any person by virtue of association with the principal broker whose license has been revoked or suspended, pending a change of principal broker and the issuance of a new license. Such new license shall be issued without charge, if granted during the same year in which the original license was granted.
Effective: July 14, 2000
History: Amended 2000 Ky. Acts ch. 488, sec. 21, effective July 14, 2000. — Amended
1982 Ky. Acts ch. 196, sec. 25, effective July 15, 1982. — Amended 1978 Ky. Acts ch. 172, sec. 8, effective June 17, 1978. — Amended 1976 Ky. Acts ch. 100, sec. 19. –
– Amended 1942 Ky. Acts ch. 184, secs. 3 and 11. — Recodified 1942 Ky. Acts ch.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3990e-5.
Effective: July 14, 2000
Terms Used In Kentucky Statutes 324.230
- Broker: means any person who is licensed under KRS §. See Kentucky Statutes 324.010
- Principal broker: means a person licensed as a broker under KRS §. See Kentucky Statutes 324.010
- Revoked: means the status of a license when disciplinary action has been ordered that removes the licensee's legal authority to broker real estate for a minimum of five (5) years. See Kentucky Statutes 324.010
- Year: means calendar year. See Kentucky Statutes 446.010
History: Amended 2000 Ky. Acts ch. 488, sec. 21, effective July 14, 2000. — Amended
1982 Ky. Acts ch. 196, sec. 25, effective July 15, 1982. — Amended 1978 Ky. Acts ch. 172, sec. 8, effective June 17, 1978. — Amended 1976 Ky. Acts ch. 100, sec. 19. –
– Amended 1942 Ky. Acts ch. 184, secs. 3 and 11. — Recodified 1942 Ky. Acts ch.
208, sec. 1, effective October 1, 1942, from Ky. Stat. sec. 3990e-5.