In Kentucky, how long must a principal broker maintain a written cooperation agreement with an out-of-state broker?

The correct answer is that a principal broker in Kentucky must maintain a written cooperation agreement with an out-of-state broker for as long as the cooperation exists. This approach ensures that both parties involved have a clear understanding of their obligations and can refer back to the terms of the agreement while the cooperative relationship is active.

The requirement to keep the agreement for the duration of the cooperation reflects the importance of maintaining documentation in real estate transactions. It helps protect the interests of both brokers and provides a legal framework for the operation of their business relationship.

Other durations such as "indefinitely," "a minimum of six months," or "until the agreement is terminated" do not accurately capture the necessity for the documentation to be relevant only while the cooperation is ongoing. By allowing the agreement to be maintained only as long as the cooperation exists, it aligns the documentation with the practical realities of changing business relationships in the real estate sector. This ensures that unnecessary records are not kept beyond their usefulness, reflecting a more efficient approach to business practices.