KREAB

 Welcome 

Online Renewals are now available.

Welcome to the Kentucky Real Estate Appraisers Board website.  We are charged with protecting the public interest through regulation, examination and licensing of Kentucky real estate appraisers and the registration of Appraisal Management Companies pursuant to Kentucky Revised Statutes, Chapter 324A.

We approve and monitor pre-licensing and certification education, experience and testing, as well as approve and monitor continuing education for real estate appraisers.

The Kentucky Real Estate Appraisers Board also investigates complaints against real estate appraisers and Appraisal Management Companies.

The Board is funded solely through fees charged to obtain and renew a license to practice real property appraising and to register to do business as an Appraisal Management Company in Kentucky. 

 

 

AMC Registration in Kentucky

Kentucky law requires that an Appraisal Management Company must register with the board and have a current license issued prior to doing business in Kentucky.  The AMC statutory requirements for initial registration and renewal are located in KRS 324A.150 – 164.

The annual renewal for Appraisal Management Company registration must be received by the board and a new registration certificate issued prior to the November 1 of each year.   The requirements for renewal include the following items included in KRS 324A.154:    

(6) (a) Registrations issued under this section shall be renewed annually.

(b) Renewal shall occur on October 31 of each year.

(c) If the initial registration occurs less than six (6) months before October 31, the renewal shall not be required until October 31 of the following year, and shall then be renewed on October 31 of each year thereafter.

(7) (a) Failure to renew a registration in a timely manner shall result in a loss of authority to operate.

(b) A request to reinstate a certificate of registration shall be accompanied by payment of a penalty of fifty dollars ($50) for each month of delinquency, up to six (6) months after expiration.

(c) After six (6) months' delinquency, a new application for registration shall be required.

View a listing of Kentucky Licensed AMC Companies.
AMC Application, Surety Bond & Fingerprint Instructions - Revised April 2012

For questions, please contact:

Larry Disney
Executive Director
Kentucky Real Estate Appraisers Board
Phone – 859-623-1658
Email – larry.disney@ky.gov

 

See Also...

USPAP Information

KREAB Laws & Regulations

E & O Insurance

Kentucky Licensed and Certified appraisers are not required by KRS 324A or the related administrative regulations to carry Errors and Omissions Insurance.

External Links

Some of the links on this site may resolve to non-governmental agencies.  The information on these pages is not controlled by the Kentucky Real Estate Appraisers Board or the Commonwealth of Kentucky.

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