All active and escrowed licenses expire June 30th. In late May or early June, a renewal form is mailed to the home/mailing address, as previously reported by the licensee. The renewal forms and renewal fees are due in the Board office on or before Monday, June 30, 2008. This is not a postmark deadline, but a filing deadline. A completed renewal form and fee is processed if the required continuing education (CE) is earned by June 30, 2008 or the licensee is exempt from reporting CE. If a renewal is not received or CE is not complete, the license is canceled on July 1st and the individual may not perform services as an auctioneer or auction house operator.

If a renewal form is submitted from July 1, 2008 through December 31, 2008 AND the continuing education hours are earned between July 1, 2007 and June 30, 2008, the renewal is considered late and the applicable fees are required with the renewal form. If the CE is not complete by June 30, the licensee may renew his/her license by submitting the renewal form, the applicable renewal fee and a CE penalty fee of $300. The CE reporting requirement will be doubled for the next renewal. If a licensee is exempt from reporting continuing education and submits a renewal form from July 1, 2008 through December 31, 2008, the renewal is considered late and the applicable fees will be required with the renewal form.

Since the Kentucky Board of Auctioneers recognizes the CE requirement of the home jurisdiction of a reciprocal auctioneer, he/she shall submit the renewal form, fee and copy of his/her home-jurisdiction license. The Board determined that submission of a Letter of Good Standing with renewal is not required.
If the home jurisdiction does not require CE, the Kentucky reciprocal licensee must also meet Kentucky's continuing education requirement by earning six hours of continuing education from July 1, 2007 through June 30, 2008, and sending the completion document to KBA.

If continuing education hours have not been earned by June 30, 2008 or the renewal form and proof of applicable CE has not been submitted to the Board on or before December 31, 2008, the individual will be required to pass the examination for licensure. An individual's previous exemption status of reporting CE is voided.