58-3080. Licenses of certain licensees placed on inactive status, when, pending transactions.

178 words·~1 min read·/ks/chapter-58/58-3080

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(a)When the license of a supervising broker or branch broker expires or is deactivated, the licenses of all licensees associated with or employed by the supervising broker or branch broker shall automatically be placed on inactive status within five calendar days after written notice is issued by the commission to the associated or employed licensee unless notification is provided to the commission prior to the expiration date of the license or the date the license is deactivated that another broker will assume the role as the supervising broker or branch broker, the licensee transfers to another supervising broker or branch broker or the licensee is currently associated or employed with another broker. If deemed in the public interest until pending transactions are closed, the commission may authorize another broker to act as the supervising or branch broker during any period of deactivation.

(b)The provisions of this section shall be a part of and supplemental to the Kansas real estate brokers' and salespersons' license act.