KRRS FAQS
Q: What is a Referral Associate?
A: A Referral Associate is a licensed real estate agent whose services are limited to referring clients for the purpose of initiating a real estate transaction. A Referral Associate cannot actively solicit or engage in the sale or listing of property.
Q: How do I know if I should join?
A: If you do not actively sell real estate but want to maintain an active license, KRRS may be a great fit for you. You may still refer your family, friends, and customers, and we will help you locate a professional agent who will provide your referral with the high level of service you would provide to them.
Q: Do I have to continue to earn Continuing Education (CE) and Kentucky CORE credits?
A: Yes. Associates who join KRRS are required to keep their license active, which includes completing the required continuing education and CORE credits. Visit KREC.KY.GOV to review these requirements and applicable time-frames.
Q: What if my license is about to expire?
A: As a KRRS Referral Associate, you must maintain your license in an “active” status with the Kentucky Real Estate Commission (KREC) to be eligible to legally receive referral commissions.
Q: Can I refer a buyer or seller looking to buy or sell outside Kentucky?
A: Absolutely. Your referral coordinator works with a vast network of brokerage partner agents throughout the United States. You simply submit your referral form to KRRS, and your coordinator will make sure your referral clients are connected with a professional agent, regardless of where they need real estate services.
Q: Can I show houses or be involved with a client I refer through KRRS?
A: No. Once you submit a referral to KRRS, you are no longer allowed to participate in the transaction in any capacity, other than receiving your referral commission upon closing.
Q: Can I speak with the agent assigned to my referral client?
A: Yes. When you submit your KRRS referral, you can indicate that you would like to speak with the assigned agent prior to client contact.
Q: What if I decide to go back into real estate directly and sign up with a broker?
A: You are free to end your relationship with KRRS at any time. However, you will no longer be eligible to receive referral commissions on any referrals that are not under contract at the time you end your relationship with KRRS.
Q: What if I decide not to renew my Kentucky real estate license upon expiration?
A: To be an associate with KRRS, you must have an “active” real estate license with KREC. Therefore, once your license expires, you can no longer receive referral commissions from KRRS.
Q: What if I submit a client referral while my license is active, but the closing doesn't happen until after my license expires?
A: To receive any commission based on a real estate transaction in Kentucky, you must have an “active” real estate license with KREC. Therefore, once your license expires, you can no longer receive referral commissions from KRRS.
Q: Once an associate joins KRRS, who do they contact if they have questions?
A: Whenever you have a question about your relationship with KRRS, or that of your referral client(s) with KRRS, you may contact the KRRS referral coordinator by email at contactus@thekrrs.com or by phone at 502-420-5000.