Kansas Real Estate Commission Duties & Powers

Primary objective of KREC

To protect consumers by regulating, licensing, and examining real estate professionals in Kansas.

Composition of the KREC board

Five members appointed by the governor: four from congressional districts and one at-large.

Term length for KREC members

Staggered four-year terms.

Kansas residency requirement for KREC members

Must be a Kansas resident for five years prior to appointment.

Broker requirement for KREC members

At least three members must have been real estate brokers for five years.

Public member requirement for KREC

At least one member must never have been engaged in real estate.

Statute of limitations for filing complaints with KREC

Within three years of the date of occurrence.

Disputes outside KREC authority

Landlord/tenant disputes, property defects, HOA violations, and title/financing issues.

Standard maximum civil fine per KREC violation

Up to $1,000 per violation.

Maximum civil fine for aggravated KREC violations

Up to $5,000 per aggravated violation.

Timeframe to report out-of-state license discipline to KREC

Within 10 days using the License Denial & Licensee Disciplinary Action Report Form.

Timeframe to report criminal charges or arrests to KREC

Within 10 days using the Licensee Offense Report Form.

Effect on affiliated licensees if supervising broker license is suspended

Licenses automatically become inactive five calendar days after written notice.

Transfer fee when moving to new broker after supervisor suspension

No transfer fee is charged by KREC.

Grounds for summary (immediate) license suspension by KREC

Reason to believe the licensee improperly managed trust accounts or trust funds.

Destination of collected civil and criminal fines

Credited to the recovery revolving fund for expenses; remainder to state general fund.