What term is used in Kentucky for performing brokerage services without a license?

The term "unlicensed brokerage" is used in Kentucky to describe the act of providing brokerage services without the appropriate state-issued license. This designation clearly indicates that individuals or entities engaging in these activities are doing so in violation of state regulations that require proper licensure to ensure that those in the profession have met the necessary educational and ethical standards.

Unlicensed brokerage can lead to serious legal repercussions for the individuals involved, including fines and other penalties, illustrating the importance of adhering to licensing laws. This term serves as a reminder of the strict regulations in place to protect consumers and uphold the integrity of the real estate market. Understanding this terminology is essential for anyone entering the field, as it emphasizes the significance of compliance with licensing requirements.