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Brokers, Owners File Suit Against RE Commission

LOUISVILLE, KY-A group of commercial property owners and brokers allege the Kentucky Real Estate Commission is misusing its authority.

By Dana Dubriwny | Updated on September 12, 2006

LOUISVILLE, KY-A group of commercial property owners and real estate brokers has filed a federal lawsuit challenging certain regulations and practices by the Kentucky Real Estate Commission. Specifically, the suit alleges that the commission has misused its regulatory authority to exclude regional and national commercial brokerage firms from the Kentucky market.

The five-member commission, according to its website, is empowered to “regulate state licensing and education of real estate brokers and sales associates and to safeguard and protect the public interest.” But the plaintiffs argue that the commission is working to protect special interests by ensuring broker payments stay within the state.

Stuart Cobb, assistant state’s attorney general, is representing the commission in the litigation. Cobb says that contrary to the allegations, the regulations set forth by the commission are intended to allow for the discipline of brokers who engage in unethical conduct or fail to provide competent service.

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