Licensing Requirements Flashcards

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1
Q

Activities Requiring a License

A
  • Working a a broker, associate broker, or salesperson
  • Representing yourself as a broker, associate broker, or salesperson
  • Performing any action included in the definition of broker
  • Claiming compensation for services provided as a broker, associate broker, or salesperson
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2
Q

Exemptions

A

No license is required for someone:

  • Selling their own property
  • under power of attorney from the owner (as long as there is no compensation)
  • Licensed as an attorney in Kansas
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3
Q

Qualifications

A
  • File a written application for license with KREC
  • Be at least 18 years of age
  • Have a high school diploma or its equivalent
  • Have a good reputation for honesty, trustworthiness, integrity, and competence
  • A salesperson must have a recommendation from the supervising broker that will empale the salesperson
  • Fingerprints submitted to a state and national criminal history record check
  • Education requirements must be met
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4
Q

Transferable

A

Licenses are not transferable

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5
Q

Individual

A

Licenses are only issued to individuals

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6
Q

Primary Office

A

A primary office must be established and a supervising designated to supervise the office any any employed associated salesperson or associate brokers.

The supervising broker must obtain approval for the business or trade name

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7
Q

Nonresident License

A

A nonresident broker or salesperson may be granted a license if:

  • The nonresident is licensed as a broker or salesperson in their state of residence
  • Meets all pertinent requirements
  • Submits the required certification
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8
Q

Renewal

A
  • Licenses expire on a date determined by the commission every two years
  • Applicants for renewal must provide the renewal fee
  • Applicants for renewal must satisfy continuing education requirements
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9
Q

Examination

A

Applicants for an original license must pass an examination covering general and state subject matter for brokers or salespersons. The examination must be passed within 6 months of application of licensure

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10
Q

Continuing Education

A

Prior to each license renewal, all licensees must complete 12 hours of approved continuing education

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