Kentucky
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Allows choice of brokerage services |
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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
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
- July 15, 2005
Amended Final Judgment
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