Agent Robert, affiliated with Prestige Realty in Louisville, has been found guilty of a felony involving fraud. He notifies KREC of the conviction as required. Under KRS Chapter 324, which of the following most accurately describes KREC's authority in response to this notification?
Correct Answer
A) KREC may investigate the conviction and, after providing due process, impose disciplinary action including revocation if the conviction relates to the licensee's fitness to practice
Under KRS 324.160, a felony conviction — particularly one involving fraud or moral turpitude — is grounds for KREC disciplinary action, including suspension or revocation. However, KREC must follow due process procedures under KRS Chapter 13B, including providing notice and an opportunity for a hearing, before imposing discipline. KREC evaluates the conviction's relevance to the licensee's fitness to practice real estate.
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Related Topics & Key Terms
Key Terms:
Related Concepts
Continuing education (CE) refers to the ongoing coursework that licensed real estate professionals must complete during each renewal cycle to maintain an active license. CE ensures agents stay current with changes in laws, regulations, and industry practices.
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.
More Practice Of Real Estate Questions
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