Kansas Real Estate Broker Exam — All Questions
3 questions
Which body licenses and regulates real estate brokers in Kansas?
- a.The Kansas Association of Realtors
- b.The Kansas Department of Revenue
- c.The Kansas Real Estate Commission (KREC)✓
- d.The county register of deeds
The Kansas Real Estate Commission (KREC) licenses and regulates brokers and salespersons under the Kansas Real Estate Brokers' and Salespersons' License Act (K.S.A. 58-3034 et seq.). A trade association is a private membership group with no licensing power, and the register of deeds and Department of Revenue have no jurisdiction over real estate licensing.
Under the Kansas license act, a 'supervising broker' is:
- a.The broker responsible for supervising the licensees and trust accounts of a branch or firm✓
- b.A salesperson with more than five years of experience
- c.An unlicensed office manager appointed by the firm
- d.A representative of the Kansas Association of Realtors
Kansas law defines a supervising broker as the broker responsible for supervising the activities of associate brokers and salespersons and for the trust accounts at a particular office or branch. This role carries accountability to KREC for the office's compliance, and it cannot be filled by a salesperson or an unlicensed manager.
In Kansas, when a person qualifies as a broker but works under another broker rather than running a firm, that person typically holds a license as a(n):
- a.Provisional salesperson
- b.Unlicensed assistant
- c.Property manager only
- d.Associate broker✓
Kansas recognizes the 'associate broker,' a licensee who has met broker qualifications but is affiliated with and supervised by another broker rather than acting as the supervising broker of a firm. This mirrors the broker-tier structure found in many states and is distinct from the salesperson and supervising-broker categories.