Krec forms 2026

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The document is an Exclusive Right to Sell Listing Agreement for vacant land in Kentucky, outlining the terms between the Seller and the Agent. It details the property description, listing price, earnest money handling, term of agreement, compensation structure for the Agent, cooperation with other agents, and duties of both parties. The contract emphasizes that it is legally binding and requires written modifications. It also includes provisions for termination and additional terms.

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Click ‘Get Form’ to open the Exclusive Right to Sell Listing Agreement in the editor.
Begin by entering the date of the agreement at the top of the form. This is crucial for establishing the timeline of your contract.
Fill in the Seller's name and address, ensuring accuracy as this identifies who is entering into the agreement.
Specify the property details, including its location and description. This section is vital for clarity on what property is being sold.
Set the listing price in the designated field. This amount will be critical for negotiations and agreements moving forward.
Complete sections regarding earnest money and escrow deposits, ensuring you understand how these funds will be handled during the transaction.
Review and check off any applicable authorizations regarding cooperation with other agents, which can affect how your property is marketed.
Finally, ensure all parties sign and date where indicated to finalize the agreement legally.

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What are the continuing education requirements for real estate in Kentucky?

KENTUCKY REAL ESTATE COMMISSION. All actively licensed agents shall be required to attend six (6) hours of continuing education courses sponsored or approved by the Commission. Of the six (6) hours, three (3) hours shall be in courses on real estate law.

What are the requirements to become a real estate agent in KY?

Requirements for a Kentucky Real Estate License Be 18 years of age; Have attained a high school diploma or GED; Completed all real estate pre-license courses prior to taking the real estate examination; Complete FBI criminal background check; and. Must apply within sixty (60) days of passing their exam.

What is the commission for a realtor in Kentucky?

Average total real estate commission in Kentucky is 5.65% of the home sale price. This includes an average of 2.83% for the selling agent plus an average of 2.82% for the buyers agent. Heres what 5.65% works out to for three different price points: $9,605 in agent fees on a $170,000 home.

What is a sellers disclosure of property condition in Kentucky?

Seller Disclosure Laws A seller of a single family home must supply buyers with a completed property condition disclosure form. The law in Kentucky states that sellers must reveal any known material defects of a property that may affect its value or desirability.

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