58-3041. Restricted license.
58-3041
58-3041. Restricted license.(a) The commission may at any time issue a restricted licenseto a person:
(1) Who is or has been licensed but who has been found by the commissionafter a hearing, held in accordance with the provisions of the Kansasadministrative procedure act, to have violated any provision of this act orrules andregulations adopted hereunder;
(2) who is applying for an original license under this act and has metthe examination and experience requirements but has been found by thecommissionafter a hearing, held in accordance with the provisions of the Kansasadministrative procedure act, to have failed to make a satisfactory showingthat such person meets all other applicable requirements; or
(3) who is applying for an original license as a broker under this act butwhose activities or experience and education, pursuant to subsection (c) ofK.S.A. 58-3039 and amendments thereto, have been found by the commission aftera hearing, held in accordance with the provisions of the Kansas administrativeprocedure act, to have been limited to a specialized activity or particulartypeof transaction, thereby justifying restriction of the license to thespecialized activity or type of transaction.
(b) 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 anindependent contractor;
(3) to a particular type of transaction; or
(4) by other conditions deemed advisable by the commission, includingthe filing of a surety bond in such amount as may be required by the commissionfor the protection of persons with whom the licensee may deal.
(c) The holder of a restricted license shall not be entitled to automaticrenewal of such license, such renewal being in the discretion of thecommission.
History: L. 1980, ch. 164, § 8;L. 1984, ch. 313, § 84;L. 1995, ch. 149, § 3; July 1.