David is a licensed Kansas salesperson who has been actively practicing for 18 months. He wants to apply for a Kansas broker license as soon as he is eligible. Under Kansas law, how much longer must David wait before he meets the experience requirement to apply for the broker license?
Correct Answer
A) 6 more months, because the requirement is 24 months of active salesperson experience
Under K.S.A. 58-3046a, an applicant for a Kansas broker license must have at least two years (24 months) of active experience as a licensed salesperson. David has 18 months of experience, so he must wait an additional 6 months before meeting the experience requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Broker supervision is the legal obligation of a designated or managing broker to oversee and be accountable for the real estate activities of all salespersons and associate brokers operating under their license.
Commingling is the illegal act of mixing client funds with a broker's personal or business operating funds, while conversion is the unauthorized use of client funds for the broker's own benefit. Both are serious violations that can result in license revocation.
Commingling is the illegal act of mixing client trust funds with a broker's personal or business operating funds; conversion is the misappropriation of those funds.
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