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ing to the National Association of Realtors, the most common complaint filed against realtors involves fraud. These suits most often allege a failure to disclose defects in a property.
As an agency of the Commonwealth of Kentucky, the Kentucky Real Estate Commission is empowered under Chapter 324 of the Kentucky Revised Statutes to regulate state licensing and education of real estate brokers and sales associates and to safeguard and protect the public interest.
Agents who misrepresent a property, mislead clients or fail to disclose property defects quickly make themselves vulnerable to being sued.
There are four principle ways in which agents cheat customers: failing to tell sellers of higher bids when lower bids provide the agents with more commission through mortgage and insurance needs; switching second bidders to other properties when buyers are in short supply; selling unnecessary insurance or the wrong
The most common lawsuits brought against real estate agents are for bdocHub of duty because clients place trust in their agents expertise and their agent must act in the best interest of the client.
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Unethical conduct is when you become aware of another person not adhering to professional ethics and therefore, behaving in a way that puts clients at risk. Examples of unethical conduct could include situations such as: a fellow worker is overheard gossiping about a client at the local pub.
The Commission is charged with the responsibility of protecting the public interest through regulation, examination and licensing of Kentucky real estate brokers and sales associates.
Why you should negotiate real estate commission. Real estate commissions are absolutely negotiable. Real estate agents are independent contractors, and although they may be tied to paying a certain amount to their broker, they usually have some flexibility in what percentage they can charge.
The Kentucky Real Estate Authority protects the public through licensing real estate professionals, including appraisers, auctioneers, home inspectors, and real estate sales associates and brokers. Four governor-appointed boards guide staff in carrying out the mission of each board, and serving the public.
what is the main purpose of the Kentucky Real Estate Commission? to put into effect and make known the administrative regulations to effectively carry out and enforce the provisions of the Kentucky statutes governing real estate. who must a principal broker supervise in a real estate office?

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