Brokers

BROKERS EDUCATION
 

 

Kentucky REALTOR® Institute is your one stop shop to complete your Broker Education hours, making you eligable to sit for the Kentucky Brokers Exam. Kentucky REALTOR® Institute is an approved provider for the Pre-licensing Course (96 hours), the Graduate REALTOR Institute Program (48 Hours), the REQUIRED Kentucky Broker Management Course (48 hours), a Principles of Home Inspectinon Course (80 hours) as well as multiple online NAR Designation courses.

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.  

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

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 designations available to real estate professionals.
  • Nine college electives credit hours – This is the equivalent of 144 hours in real estate education 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 hours in real estate coursesIf you have questions, please contact KREC
     

 Hours Required

        Courses

   Completed Hours

 336 Hours Required

 = 240 Hours

 240 Hours

 = 192 Hours

 192 Hours

 = 144 Hours

 144 Hours

 = 0

 

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).