Kansas law establishes several grounds upon which KREC may take disciplinary action against a licensee. Which of the following is NOT listed as a ground for disciplinary action under the Kansas Real Estate Brokers' and Salespersons' License Act?
Correct Answer
D) Failing to sell a listed property within the term specified in the listing agreement
Failing to sell a listed property within the term of a listing agreement is not a ground for disciplinary action by KREC. A broker cannot guarantee a sale will occur, and the inability to sell within a listing period is a market outcome, not a license law violation. KREC's disciplinary grounds focus on conduct, honesty, and compliance with legal obligations — not on transaction results.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A trust account, also called an escrow account, is a separate bank account maintained by a broker to hold funds belonging to others, such as earnest money deposits, security deposits, or other client funds.
Advertising regulations govern how real estate licensees may market properties and services, requiring truthful, non-deceptive advertising that includes proper identification of the brokerage.
Antitrust violations in real estate occur when competing brokerages or agents engage in practices that restrain trade, reduce competition, or harm consumers through collusion. These violations are governed by the Sherman Antitrust Act and can result in severe penalties.
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