A principal broker under Kentucky law in a written cooperation agreement with an out-of-state principal broker is known as what?

In Kentucky law, a principal broker who enters into a written cooperation agreement with an out-of-state principal broker is referred to as a Kentucky Cooperating Broker. This designation highlights the broker's role in facilitating real estate transactions involving out-of-state brokers while complying with the state's regulations. By entering into a cooperation agreement, they establish the terms of collaboration and can operate across state lines, ensuring that they adhere to Kentucky's real estate laws governing these interactions.

The term 'Cooperative Broker' could cause confusion because it is broader and doesn't specifically indicate the Kentucky-based context of the cooperation. 'Out-of-State Broker' references brokers from outside Kentucky but does not identify the role of the Kentucky broker in the agreement. 'Interstate Broker' generally refers to brokers operating between states but lacks the specificity regarding the cooperation aspect in the context of Kentucky law. Thus, the term 'Kentucky Cooperating Broker' is the most accurate and applicable designation in this scenario.