Kentucky Contract Requirements for Leases, Land Contracts, and Options
Real estate isn't always a typical sales transaction with buyer, lender, seller. Often, a transaction will involve a lease or option to purchase, or the seller may be the one extending the financing. To expand your knowledge in this area, you'll want to learn which lease agreements are used in Kentucky, the primary provisions of residential and commercial lease agreements, and the Kentucky contract requirements for land contracts and options.
Course highlights:
- Types of residential leases used in Kentucky
- Provisions of the KREC residential lease
- Kentucky landlord requirements that affect leases
- Land contracts and default issues
- Required elements in an option contract
- Enforcing and terminating an option contract
- Activities and scenarios to reinforce key concepts
State Requirements For Kentucky
Kentucky State Requirement Details for Real Estate Sales Associate Post-Licensing Education
Hours Required by the State: 48 hours
- 32 hours of mandatory course topics
- 3-hour Commission Compliance course
- 6 hours in Agency
- 6 hours in Contracts
- 3 hours in Finance
- 3 hours in Advertising
- 3 hours in Disclosure
- 3 hours in Fair Housing
- 3 hours in Technology & Data Security
- 2 hours in Risk Management
- 16 hours of elective course topics
Note: All sales associates licensed after January 1, 2016, are required to complete 48 hours of post-license education within the first 2 years of obtaining an active license.
Kentucky Real Estate Commission
Street Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Mailing Address: Mayo-Underwood Building, 500 Mero Street , 2NE09, Frankfort, Kentucky 40601
Telephone: (502) 564-7760