Kansas Real Estate Agents – Top Reasons for Losing Your License

When thinking about a real estate license, most people do not consider a profession in real estate to be as regulated as the medical field, veterinary field, or legal field.  However, as is the case with all professions that require a license in the state of Kansas, real estate agents are subject to strict regulations that, if violated, could result in the loss of a real estate license.  If you are a Kansas real estate agent, you should be aware of the common reasons why Kansas real estate agents lose their license.  Such reasons include, but certainly are not limited to, the following:

  • Failure to Disclose All Material Facts About the Property – When seeking to purchase a home, potential buyers obviously want to be aware of all aspects of a home they may consider purchasing.  Real estate agents have a duty to disclose all material facts they are aware of, such as a roof leak, the presence of black mold, and foundation issues, among others.  When real estate agents do not disclose such key facts, a buyer may not be getting what he or she bargained for, and this could be detrimental to the buyer’s ability to own the home without problems in the future.
  • Failure to Review Final Documents – All final sale documents should accurately memorialize a home sale agreement and all the steps that were taken to ensure good title on the home and identity any potential defects to title.  While we all make clerical mistakes at some point, a clerical mistake in a home purchase agreement could materially change the meaning of the deal.  If a home buyer signs an agreement that does not accurately reflect the deal the parties agreed to, the home buyer may have problems later on when interpreting the meaning of the purchase agreement.
  • Failure to Take Continuing Education Courses – Most, if not all professions require some form of continuing education in Kansas that is necessary for keeping a professional license in good standing.  Kansas real estate agents are no exception, and a simple failure to take a continuing education course can cause your license to be invalid, and this is easily preventable.
  • Clarifying Who You Represent – As a real estate agent, you may represent the buyer, the seller or be a dual agent for both parties.  However, real estate agents sometimes do not make clear what their relationship is in a particular home purchase deal.  If all parties understand your role, there will be little if any chance of a dispute arising later on regarding your role in the particular deal.

Contact Danielle Sanger of the Sanger Law Office Today to Schedule Your Free Consultation

The real estate industry is a little more laid back than others, such as the legal field and medical field.  However, real estate agents are still held to a high standard that must be met in order to obtain and lawfully keep a real estate license.  If you are a Kansas real estate agent, it is very important that you follow all steps and procedures that are required as part of your profession and that you don’t make those small mistakes that could cost you your professional license.  If you are facing disciplinary action and your Kansas real estate license is at risk, it is essential that you seek the advice of a seasoned Kansas Professional License Defense Attorney right away.  Danielle Sanger of the Sanger Law Office is a Kansas Professional License Defense Attorney with the experience, skill and dedication necessary to provide you with the best legal representation possible.  As a former Assistant Attorney General of Kansas, Danielle Sanger knows what to expect from the licensing board and will seek to protect your rights and interests to the fullest extent possible.  To schedule a free consultation with Danielle Sanger, contact the Sanger Law Office today by calling (785) 979-4353.