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Complaints must state a prima facie case against a licensee. If the complaint does not state a prima facie case then the complainant shall have
10 days to cure any defect
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KREC shall dismiss any complaint that
does not constitute a prima facie case
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A licensee must answer a complaint within ____
20 days; a copy of the answer is sent by certified mail to the KREC and the complainant
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Penalties that can be imposed by the KREC against a licensed agent include
suspension, revocatioin, fine not to exceed 1000$, probation up to 12 months, completion of real estate courses, a formal reprimand, or informal reprimand
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IF your licensed is canceled
you have one year to renew if you pay the fees and meet all other licensing requirements. You may not practice real estate brokerage while canceled, however you may be paid for transactions that occurred prior to cancellation
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An agent who fails to notify his client of a problem that causes the client to lose money has commited
gross negligence
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Time periods for suspnsion of license are determined
by KREC
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Revocation
is for 5 years
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an agent who commits a deliberate act to deceive a client or customer has commited
fraud
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An agent who wishes to show the exclusive listing of another firm
should call the firm and make an appointment
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An agent can not accept offers on bbehalfof a client unless the agent has a
Writen power of attorney
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if a client ask an agent to discriminate in the sale of property
the agent should refuse the listing
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A listing agent who quotes a price lower than the listing price is violating
the License law and fiduciary responsiblitiesto a client
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An agent who fails to reveal a property defect is
negligent
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upon revocation or suspension of a principal broker's license
the licenses of all associates under the broker are automatically rendered inactive.
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Penalties that can be imposed by the KREC include
$1000 Fine, revocation of license, suspension of license, probation, attend school, formal reprimand, informal reprimand
-
An agent who fail to notify a client of a problem that causes the client to lose money has committed
gross negligence
-
Time periods for suspension of license are determined
by KREC
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