Section 324.115 - Brokers required to maintain definite place of business - Exception for reciprocity agreements(1) Except as provided in subsection (2) of this section, every broker licensed under KRS 324.045 shall maintain a definite place of business in this state.(2) A broker who is a nonresident shall not be required to maintain an active place of business in this state if: (a) He or she maintains a business place in the state of original licensure;(b) The state of original licensure, in accordance with its reciprocity agreement with the commission, does not require Kentucky licensees holding licenses in that state to maintain an office in that state; and(c) Paragraphs (a) and (b) of this subsection do not conflict with the commission's agreement of reciprocity with the state of original licensure.Effective:7/14/2000
Amended 2000, Ky. Acts ch. 488, sec. 11, effective7/14/2000. -- Amended 1998, Ky. Acts ch. 313, sec. 7, effective 7/15/1998. -- Amended 1982 Ky. Acts ch. 196, sec. 17, effective 7/15/1982. -- Amended 1980 Ky. Acts ch. 353, sec. 1, effective 7/15/1980. -- Created 1952 Ky. Acts ch. 4, sec. 4, effective 6/19/1952.