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Practice Of Real EstateLicense_lawMEDIUM

Under the Kansas Real Estate Brokers' and Salespersons' License Act, which of the following activities performed for compensation would require a Kansas real estate license?

Correct Answer

D) A salaried employee of a property management company who leases units on behalf of the company's owner

Under K.S.A. 58-3034 et seq., leasing real property for others for compensation is a licensed activity. A salaried employee of a property management company who leases units on behalf of a property owner (other than the employee's direct employer in a narrow sense) generally must hold a Kansas real estate license unless a specific exemption applies. Performing leasing activities for the public on behalf of an employer who owns the properties can require licensure depending on the structure.

Answer Options
A
An attorney who negotiates a real estate sale as part of legal representation for a client
B
A property owner who sells their own property without using a broker
C
A licensed auctioneer who auctions real property under a court order
D
A salaried employee of a property management company who leases units on behalf of the company's owner

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Related Topics & Key Terms

Key Terms:

license_requiredexemptionsproperty_managementkrec

Related Concepts

The National Do Not Call Registry is a federal program administered by the FTC that allows consumers to opt out of receiving unsolicited telemarketing calls, including calls from real estate agents soliciting business.

Brokers in Florida have strict responsibilities for managing escrow accounts, including monthly reconciliation and proper handling of trust funds.

FREC has the authority to impose fines and other disciplinary actions on licensees who violate real estate laws and rules.

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