58-3041. Restricted license.
- The Commission may at any time issue a restricted license to
a person:
- Who is or has been licensed but who has been found by the Commission
after a hearing, held in accordance with the provisions of the Kansas
administrative procedure act, to have violated any provision of this
act or rules and regulations adopted hereunder;
- who is applying for an original license under this act and
has met the examination and experience requirements but has been found
by the Commission after a hearing, held in accordance with the provisions
of the Kansas administrative procedure act, to have failed to make
a satisfactory showing that such person meets all other applicable
requirements; or
- who is applying for an original license as a broker under this
act but whose activities or experience and education, pursuant to
subsection (c) of K.S.A. 58-3039 and amendments thereto, have been
found by the Commission after a hearing, held in accordance with the
provisions of the Kansas administrative procedure act, to have been
limited to a specialized activity or particular type of transaction,
thereby justifying restriction of the license to the specialized activity
or type of transaction.
- A restricted license issued pursuant to this section may be
restricted, as the Commission determines advisable in the public interest,
as follows:
- By term;
- to employment by or association with a particular broker as
an independent contractor;
- to a particular type of transaction; or
- by other conditions deemed advisable by the Commission, including
the filing of a surety bond in such amount as may be required by the
Commission for the protection of persons with whom the licensee may
deal.
- The holder of a restricted license shall not be entitled to
automatic renewal of such license, such renewal being in the discretion
of the Commission.
(History: L. 1980, ch. 164, § 8; L. 1984, ch. 313, § 84;
L. 1995, ch. 149, § 3; July 1.)