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Kentucky REALTOR® News

10 Best-Kept Secrets for Buying a Home

Mar 18, 2015
Get the most out of your money with these handy home-buying tips.

Buying Secret #10: Keep Your Money Where It Is
It’s not wise to make any huge purchases or move your money around three to six months before buying a new home. You don’t want to take any big chances with your credit profile. Lenders need to see that you’re reliable and they want a complete paper trail so that they can get you the best loan possible. If you open new credit cards, amass too much debt or buy a lot of big-ticket items, you’re going to have a hard time getting a loan. Read More
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Check out the NAR Generational Survey

Mar 12, 2015
Despite the economic and financial challenges young adults have braved since the recession, the millennial generation represented the largest share of recent buyers, according to the 2015 National Association of Realtors® Home Buyer and Seller Generational Trends study, which evaluates the generational differences of recent home buyers and sellers. Read More
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Kentucky jobless rate at 5.5% in January, 0.2% below U.S. rate

Mar 09, 2015
Kentucky’s seasonally adjusted preliminary January 2015 unemployment rate of 5.5 percent came in below the U.S. rate of 5.7 percent, according to the Office of Employment and Training, an agency of the Kentucky Education and Workforce Development Cabinet. The state rate matched the revised December 2014 rate of 5.5 percent and was 2 percentage points below the 7.5 percent recorded in January 2014.
“In addition to this great start to 2015, the annual revisions which align data for the past year were released yesterday and revealed that Kentucky’s unemployment rate has been below the national rate for the last six months,” said economist Manoj Shanker of the OET. “That’s quite an accomplishment. The last time Kentucky’s unemployment rate was below the national average for such an extended period was in 1995.” Read More
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15 apps for your real estate business

Mar 04, 2015
Our phones and the apps we use have become central to our daily productivity. Some apps streamline an existing process, or simplify a task, while others introduce new services we never thought we’d use on our phones. What’s great about each app is the freedom and anytime access it affords us. With 2015 underway, here are 15 fresh and powerful apps that should be on every real estate agent’s phone. Read More
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FAA proposed rule for drone use supported, NAR still says no for now

Mar 04, 2015
On February 15, the Federal Aviation Administration proposed rules for unmanned aircraft systems, also known as drones, stating that they should be legally allowed to fly in the United States for business purposes.

Up to now, the use of commercial remote controlled aircraft are banned, unless a specific, rare exception is obtained from the FAA, which requires that operators follow a lengthy list of rules.

However, the new proposed rules–applicable for drones weighing under 55 pounds–will restrict commercial drone operators to flights during daylight hours, as well as to to heights under 500 feet. Pilots will have to pass a knowledge test first, drones will have to be registered with the FAA, and when flying, pilots will be required to have a visual line of sight with the drone, or be in contact with someone who does. Read More

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Understand the August 1 changes to HUD-1, closing process

Feb 27, 2015
The days of filling out the HUD-1 settlement form and getting a Good Faith Estimate (GFE) from the lender are winding down. On August 1, those two forms are going away. The Truth in Lending Act (TILA) disclosure form is going away, too. Replacing them are two new forms: the Closing Disclosure and the Loan Estimate. You can familiarize yourself with these new forms on the website of the Consumer Financial Protection Bureau (CFPB), which has taken over administration of the Real Estate Settlement Procedures Act (RESPA) from HUD. Just go to and type in the name of the forms in the search box. Read More

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HB149: Post-license education

Feb 23, 2015

State Representative Tommy Thompson filed the bill on January 8th and it has been amended by HCS. This legislation will require 48 hours of education within two years after a person receives a real estate sales license; and does not affect current licensees. Increased education helps protect the public and better ensure real estate licensees maintain an acceptable level of industry knowledge throughout their career. Here is the current status timeline:   

  • Jan 8 - introduced in House
  • Jan 9 - to Licensing & Occupations (H)
  • Feb 4 - posted in committee
  • Feb 11 - reported favorably, 1st reading, to Consent Calendar with Committee Substitute
  • Feb 12 - 2nd reading, to Rules; posted for passage in the Consent Orders of the Day for Tuesday, February 17, 2015; taken from the Consent Orders of the Day, placed in the Regular Orders of the Day for Friday, February 13, 2015

To view the bill status, click here. To learn more about the bill, click here or watch the video explaining the bill here.

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SB123: Dog bite legislation for property owners

Feb 22, 2015
Currently, under Kentucky state law, property owners are responsible for their tenants dog if the animal attacks or bites someone. As it states, the "owner," when applied to the proprietorship of a dog, includes "every person having a right of property in the dog and every person who keeps or harbors the dog, or has it in his care, or permits it to remain on or about premises owned or occupied by him." This bill would exclude the property owner if the owner is acting as a landlord for a tenant who owns such a dog by amending KRS 258.095 - modifying the definition of persons who would qualify as the owner of a dog for purposes of that chapter. To view the bill status, click here.  To learn more about the bill, click here to watch the video.



returned to Agriculture (S)



1st reading



taken from Agriculture (S)



to Agriculture (S)



introduced in Senate

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ListHub will stop sending Trulia listings, judge issues temp restraining order

Feb 20, 2015
Following the recent decision to stop sending listings to Zillow, ListHub announced it will also stop supplying listings data that it aggregates from more than 560 multiple listing services to Trulia, having terminated its syndication agreement with the nation’s second most visited real estate search portal in the wake of its acquisition by Zillow. Read More
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Kentucky unemployment hits near seven year low at 5.7%

Jan 23, 2015
Kentucky’s seasonally adjusted preliminary unemployment rate nearly matched the U.S. rate as it plunged to a preliminary 5.7 percent rate in December 2014 from a revised 6 percent in November 2014, according to the Office of Employment and Training (OET), an agency of the Kentucky Education and Workforce Development Cabinet. This is the lowest rate for the state since February 2008 when it was 5.7 percent. The U.S. seasonally adjusted jobless rate for December 2014 declined to 5.6 percent from 5.8 percent in November 2014, according to the U.S. Department of Labor. Kentucky’s preliminary December 2014 jobless rate was 2.2 percentage points below the 7.9 percent rate recorded for the state in December 2013. Read More
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Kentucky REALTORS hosting Gubernatorial Candidate Forum at upcoming meeting

Jan 21, 2015
At the upcoming Legislative & Business Meetings, the Kentucky Association of REALTORS is hosting a forum for gubernatorial candidates to speak about their outlook, views and goals in the upcoming election and how their campaign plans to address the future of Kentucky specifically when it comes to real estate. Each candidate will have a few minutes to speak and then the floor will open for questions from the membership. Members of KAR are invited to attend and find out first-hand what is important to each candidate leading up to the May primaries and the general election in November. The official filing deadline is January 27 and KAR will continue to reach out to all candidates who file to run for office. Read More 
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TRIA signed into law with 6 year extension

Jan 15, 2015
On Jan.  12, President Obama signed H.R. 26, the Terrorism Risk Insurance Program Reauthorization Act of 2015, into law. On Jan. 7 the House passed H.R. 26, by a vote of 416-5; the following day, the Senate passed it by a vote of 93-4.  This follows strong advocacy efforts by NAR in support of reauthorization, including many visits to Congressional offices, letters to both the House and Senate, and participation as a steering committee member in the Coalition to Insure Against Terrorism (CIAT). Read More
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KAR to fill Delegate at-large vacancy

Jan 15, 2015

The Past Presidents Committee announces a vacancy for the position of Delegate at-Large. In accordance with the KAR Bylaws, a successor for the remainder of the term will be made by a majority vote of the Board of Directors. The Delegate at-Large term ends December 31, 2015.

Those interested in serving as Delegate at-Large for the remainder of the term should contact their KAR Region Director to let them know that you would like to be considered for this vacancy. The Board of Directors will hold the election at the Legislative & Business Meeting in February. 

Information regarding the responsibilities of Directors of KAR can be found in the KAR Bylaws and KAR Policies and Procedures Manual.  

If you have any questions, please contact Julie Johnson at KAR at 800-264-2185 or by email 

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Harris named KAR Director of Governmental Affairs

Jan 15, 2015
The Kentucky Association of REALTORS® (KAR) announces that David C. Harris has been hired as the Director of Governmental Affairs. David comes to KAR with a strong and impressive background in political campaigns, governmental affairs, advocacy and non-profit associations. 

He has served as a field representative for a major political party and worked on local, state, and federally related political campaigns. Earlier in his career, David served as a programs and advocacy manager for the Kentucky Southeast Indiana Chapter of the National Multiple Sclerosis Society and as a legislative assistant for the Kentucky Transportation Cabinet. David also served as the manager of government affairs for Greater Louisville Inc. - the Metro Chamber of Commerce. While working with Greater Louisville Inc., he researched numerous political issues including tax issues and immigration policy while advocating for proposals that encouraged business leaders to take action on other local issues. 

“David came to KAR with just the right balance of legislative, advocacy and non-profit experience,” said Joe McClary, KAR’s CEO. “He also understands and loves Kentucky which is one of the reasons we are thrilled he has joined our team.”

David’s primary responsibility at the Association will be to promote and defend homeownership and private property rights across the state. He is married to Jennifer and they have two children.
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Kentucky special election for Senate seat has candidates

Jan 12, 2015

Democrats and Republicans in the 27th Senate District nominated their candidates on Saturday for a special election to fill a vacancy by newly sworn-in Rowan County Judge-Executive Walter Blevins, kickstarting the state’s first campaign of 2015.

The Kentucky Democratic Party announced more than 100 gathered in Morehead early Saturday to select Maysville attorney Kelly Caudill as the party’s nominee for the March 3 special election.

Republicans in the district’s GOP committees named Millersburg real estate attorney and cattle farmer Steve West their candidate at a meeting in Flemingsburg Saturday afternoon, according to a Republican Party of Kentucky news release. Read More
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Contact KAR

859.263.7377 (local)
800.264.2185 (toll free)
859.263.7565 (fax)

161 Prosperous Place, Suite 100
Lexington, KY 40509