Under Kentucky law, which of the following individuals may NOT receive compensation for negotiating a real estate transaction?

In Kentucky, individuals who negotiate real estate transactions must be licensed in order to receive compensation for their services. Licensing ensures that individuals have met specific educational and ethical standards, which protects consumers in real estate transactions.

Unlicensed individuals are not permitted to engage in activities that require a license, such as negotiating the terms of a sale or lease and receiving compensation for doing so. This regulation is in place to safeguard the public from unqualified individuals who may lack the necessary knowledge about legal, financial, and procedural aspects of real estate transactions.

In contrast, licensed real estate agents and brokers have completed the required training and obtained their licenses, allowing them to legally negotiate transactions and earn commissions. Property owners representing themselves, while not licensed, can negotiate their own transactions, as they are not acting on behalf of another party. Therefore, unlicensed individuals stand out as the only group prohibited from receiving compensation for negotiating real estate transactions in Kentucky.