58-3041. Restricted license.

1. The Commission may at any time issue a restricted license to a person:
1. 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;
2. 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
3. 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.
2. A restricted license issued pursuant to this section may be restricted, as the Commission determines advisable in the public interest, as follows:
1. By term;
2. to employment by or association with a particular broker as an independent contractor;
3. to a particular type of transaction; or
4. 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.
3. 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.)