Kentucky Revised Statutes Title XXVI. Occupations and Professions § 324.235.Definitions for KRS 324.235 to 324.238

1. Lawfully used primarily for sales, retail, wholesale, office, research, institutional, warehouse, manufacturing, or industrial purposes;

2. Lawfully used primarily for multifamily residential purposes involving five (5) or more dwelling units; or

3. Zoned for a business or commercial use by a planning unit acting pursuant to KRS Chapter 100.

(2) “Cooperation agreement” means a written co-brokerage, referral, affiliation, or other agreement or arrangement between an out-of-state principal broker and a Kentucky cooperating broker;

(3) “Kentucky cooperating broker” means a principal broker licensed under this chapter who has entered into a written cooperation agreement with an out-of-state principal broker;

(4) “Out-of-state principal broker” means an individual who is licensed as a real estate broker in a jurisdiction other than Kentucky, and who is the designated broker with whom one (1) or more out-of-state licensees are affiliated or associated; and

(5) “Out-of-state licensee” means an individual who is licensed as a real estate broker or real estate sales associate in a jurisdiction other than Kentucky, and who is affiliated or associated with an out-of-state principal broker.