KRS 324.400: Real estate education, research, and recovery fund -- Fees.

(1) There is hereby created and established in the State Treasury the real estate

education, research, and recovery fund.

(2) In addition to the license fees provided for in KRS 324.287, upon renewal of every

broker's and sales associate's license, as well as any and all other types of licenses, if

any, issued by the commission, as of June 30, 1972, and every regular biennial

renewal date thereafter, the commission shall charge each of the aforesaid licensees

an amount not to exceed sixty dollars ($60) per year to be included in the real estate

education, research, and recovery fund. Each and every original applicant for a

license after July 1, 1972, shall likewise submit to the commission an additional fee

not to exceed sixty dollars ($60) to be deposited in th e real estate education,

research, and recovery fund and shall also be subjected thereafter to a biennial

renewal fee as of the regular renewal period.