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Competition and Real Estate by State

Kentucky Kentucky

Positive icon Allows choice of brokerage services
Positive icon Allows brokers to offer rebates to consumers

Through a settlement reached between the Kentucky Real Estate Commission and the U.S. Department of Justice in 2005, real estate brokers may now offer rebates and other inducements to consumers. The Commission suspended enforcement of its regulation banning rebates, and in February 2006 the Commission instituted an emergency regulation to comply with the terms of the settlement.

In 2009, Kentucky amended KRS 324.160 to remove the restriction placed on real estate brokers on offering "prizes" to influence purchasers or prospective purchasers of real estate.

The Antitrust Division has also commented to the Kentucky state bar about the benefits that consumers realize when non-attorneys are allowed to compete with attorneys to provide real estate closing services.

Learn more about:

Brokerage services: Discount Brokers Can Make Selling a Home Less Costly

Rebates: Rebates Make Buying a Home Less Expensive

Press Releases

July 13, 2005

Justice Department Reaches Settlement with Kentucky Real Estate Commission

March 31, 2005

Justice Department Sues Kentucky Real Estate Commission for Limiting Competition Among Real Estate Brokers

June 11, 1999

Justice Department Urges Kentucky Bar to Continue to Allow Non-Lawyer Real Estate Closings

September 10, 1997

Justice Department Urges Kentucky Bar to Allow Non-Lawyers to Participate in Real Estate Closings

Case Filing

U.S. v. Kentucky Real Estate Commission

Comment Letters

June 10, 1999

Letter to the Kentucky Bar Association Re: Opinion KBA U-58 Prohibiting Real Estate Closings By Non-Attorneys

September 10, 1997

Comment Letter: Letter to the Kentucky Bar Association Re: Proposed Opinion Prohibiting Real Estate Closings By Non-Attorneys

Related documents on the Internet:

KRS 324.160

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