KRS 324.236

324.236 Engaging in commercial real estate brokerage by out-of-state principal broker and out-of-state licensee. An out-of-state principal broker and his or her out-of-state licensee, for or in the expectation of a fee, commission, compensation, or other valuable consideration, may engage in real estate brokerage with respect to commercial real estate if the requirements of this section are satisfied: (1) The out-of-state licensee shall be licensed with and work under the direct supervision of the out-of-state principal broker; (2) The out-of-state principal broker shall enter into a written cooperation agreement with the Kentucky cooperating broker that shall include but not be limited to the following: (a) The terms of cooperation and compensation between the out-of-state principal broker and the Kentucky cooperating broker; (b) A description of the parties, the commercial real estate, or other information sufficient to identify the specific transactions governed by the cooperation agreement; and (c) The effective date and a definite termination date of the cooperation agreement; and (3) Regarding transactions that fall within the scope of the cooperation agreement specified in subsection (2) of this section, the out-of-state principal broker and the out-of-state licensee shall: (a) Work in cooperation with a Kentucky cooperating broker; (b) Furnish the Kentucky cooperating broker with a copy of the out-of-state principal broker's and out-of-state licensee's current real estate license from the jurisdiction of his or her primary place of business; (c) Limit acts of real estate brokerage to commercial real estate transactions referenced in the cooperation agreement; (d) Only list commercial real estate located in this state for sale, lease, or exchange if the real estate is co-listed with the Kentucky cooperating broker; (e) Be prohibited from holding escrow funds, security deposits, or other moneys in escrow or other accounts located outside this state; (f) Promptly provide the Kentucky cooperating broker with relevant documentation relating to the specific transaction or transactions governed by the cooperation agreement; (g) Keep the Kentucky cooperating broker fully informed of all activities through prompt communications; (h) Perform all actions under the direct supervision and control of the Kentucky cooperating broker; (i) List his or her individual name, firm name, or both in advertising for commercial real estate transactions only if the advertising: 1. Includes with equal prominence the same identifying information for the  Kentucky cooperating broker and his or her relevant licensees, except that, with respect