Kentucky Real Estate License: A license issued by the Kentucky Real Estate Commission that allows individuals to legally work as real estate agents in the state. Kentucky Real Estate License: A state-issued license that allows individuals to legally sell or lease real estate in Kentucky. Kentucky Real Estate License - Obtain the certification to legally practice real estate in the state of Kentucky. Kentucky REALTOR® Institute 96 hour online program consists of four parts: Part A, Part B, Course Project and Final Exam. The program is approved by the Kentucky Real Estate Commission (KREC). Part A, Part B and the Course Project is completed online.