Brokers

BROKERS EDUCATION

**Licensees should send in Form #603 Request for Education Documentation to the KREC, along with completion certificates, reports or transcripts and a $10 check or money order ($20 if cancelled) to obtain an education review.  All education and experience must be completed before taking the broker exam.

Requirements to apply for a broker’s license:
  • Experience:  Two (2) years of experience working at least twenty hours a week as a licensee. The experience verification affidavit is only provided, as a part of the application, by the testing service once the exam has been passed.
  • Education:   Twenty-one (21) credit hours with twelve (12) in real estate from an accredited college and three (3) of the twelve (12) credit hours in Brokerage Management the additional nine (9) credit hours completed in electives; or three hundred thirty-six (336) classroom hours in real estate from an approved proprietary school with forty-eight (48) of the hours in Brokerage Management.  
 
Kentucky REALTOR® Institute offers the pre-licensing course (96 hours) and the GRI program, which is 48 hours elective credits. We currently do not offer the Broker Management course. Please check on the Kentucky Real Estate Commission's website to find a school that offers that course. The approved courses are located here.
 
Example of Typical Broker Applicant’s Education:
  • Real Estate Principles - 96 classroom hours (This is the course most individuals completed to obtain their sales associate license.)
  • Brokerage Management – 48 classroom hours (This is a mandatory course for broker applicants. This course must have been completed on or after September of 2000.)
  • GRI 100 – 600 (48 Hours) or Real Estate Law (48 Classroom hours) – Both are popular options. Neither are required but recommended.  The GRI provide CE hours as well as hours toward the most recognized designation available to real estate professionals.
  • Nine college electives credit hours – This is the equivalent of 144 classroom hours and is the highest number of electives accepted by the Commission.*If the licensee has not completed nine college elective hours, they must complete an additional 144 classroom hours in real estate courses. If you have questions, please contact KREC

Hours

Course

=

336 Hours Required

=240 Hours

240 Hours

  • Broker Management (48HR) - Required Course

=192 Hours

192 Hours

=144 Hours

144 Hours

  • 9 College Elective Hours (144HR) or Elective Hours (144 HR)

=0

 

Applicant Examples

Applicant 1

Classroom Hours

Course

Provider

96 Hours

  • Real Estate Principles (Pre-licensing course)

Proprietary School

48 Hours

  • Broker Management - Required Course

Proprietary School

48 Hours

  • Real Estate Law

Proprietary School

144 Hours

  • 9 College Elective Hours (144HR)

College

=336 Hours    

 

Applicant 2

Classroom Hours

Course

Provider

48 Hours

  • 3 Electives Real Estate Law

College

48 Hours

  • Broker Management (48HR)

Proprietary School

48 Hours

  • 3 Electives Real Estate Finance

College

16 Hours

  • GRI 1 (Old GRI Program)

Designation

16 Hours

  • GRI 2 (Old GRI Program)

Designation

16 Hours

  • GRI 3 (Old GRI Program)

Designation

16 Hours

  • ABR Designation

Designation

16 Hours

  • CRS 201

Designation

40 Hours

  • CI 101

Designation

32 Hours

  • CI 102

Designation

48 Hours

  • Auctioneering

Elective

=344 Hours

   

 

Calculation Notes:

  • Each college credit hour is worth 16 classroom hours (Example: Brokerage Management 3 credit hours = 48 classroom hours).

  • Some colleges are on a quarter hour basis.  KREC only accepts 2/3 of quarter hours (Example: Real Estate Law - 3 quarter hours x 2/3 = 2 credit hours or 32 classroom hours).