324.150 Investigation of licensee -- Disciplinary action against licensee --

260 words·~1 min read·/ky/324-150

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

Investigative powers of commission -- Emergency hearings.

(a)The commission or its staff may on its own initiative investigate the actions of

any licensee or any person who acts in that capacity. On the verified written

complaint of any person, the commission shall investigate the actions of any

person who assumes to act in that capacity, if the complaint, together with any

evidence presented in connection with it, alleges a prima facie case that a

violation set out in KRS 324.160 has been committed. After the investigation,

the commission may order a hearing and, in appropriate cases, take

disciplinary action against any licensee who is found in violation of KRS

324.160.

(b)The commission may conduct an emergency hearing when alleged escrow

account violations warrant emergency action. The commission shall

promulgate administrative regulations to describe the specific circumstances

and allegations that authorize emergency action. The emergency hearing shall

be conducted in accordance with KRS Chapter 13B, as it relates to emergency

orders and emergency hearings.

(2)To investigate allegations of practices violating the provisions of this chapter, the

commission may:

(a)Issue subpoenas to compel attendance of witnesses and the production of

books, papers, documents, or other evidence;

(b)Administer oaths;

(c)Review evidence;

(d)Enter the office or branch office of any principal broker for the purpose of

inspecting all documents required by the commission to be maintained in the

principal broker's office or branch office which relate to the allegations of

practices violating the provisions of this chapter;

(e)Examine witnesses; and

(f)Pay appropriate witness fees.