86-3-15 Reporting of information.

1. Each licensee shall report any of the following circumstances to the Commission, in writing and within 10 days of the date of occurrence:
1. Any litigation filed by or against the licensee or any real estate company owned in whole or in part by the licensee relating to the business of buying, selling, exchanging, or leasing real estate or to any activity listed in the definition of "broker" in K.S.A. 58-3035 and amendments thereto. The licensee shall provide a copy of the petition or complaint setting forth the allegations;
2. disposition of any litigation reported pursuant to paragraph (a)(1);
3. any court judgment filed against the licensee or any real estate company owned in whole or in part by the licensee;
4. any charge of, arrest or indictment for, plea of guilty or nolo contendere to, or conviction of any of the following:
1. Forgery, embezzlement, obtaining money under false pretenses, larceny, extortion, conspiracy to defraud, or any similar offense;
2. a crime involving moral turpitude; or
3. any felony;
5. any change in the licensee's name;
6. any change in the licensee's residence address;
7. any change relative to a trust account maintained by the licensee pursuant to K.S.A. 58-3061 and amendments thereto;
8. any denial by another jurisdiction of an application made by the licensee for a broker or salesperson license;
9. any suspension or revocation of, or any other disciplinary action taken by another jurisdiction against a broker or salesperson license held by the licensee; or
10. any denial, suspension, or revocation of, or any other disciplinary action taken by the state of Kansas or another jurisdiction against any professional or occupational license or certificate held by the licensee.
2. Each supervising broker for a partnership, association, or corporation whose members or officers are licensed pursuant to K.S.A. 58-3042, and amendments thereto, shall be responsible for reporting the information required by this regulation as it relates to the partnership, association, or corporation.
3. Each supervising broker and branch broker shall report to the Commission any information pursuant to paragraph (a)(4) of this regulation that is applicable to any associated or employed salesperson or associate broker. This report shall be submitted in writing within 10 days of the date that knowledge of the information comes to the attention of the broker.
4. Each supervising broker for a partnership or corporation whose members or officers are licensed pursuant to K.S.A. 58-3042, and amendments thereto, shall notify the Commission of the name and office of each officer of the corporation or the name of each partner, by completing and submitting a partnership or corporation report form obtained from the Commission. The supervising broker shall notify the Commission within 10 days of any change in the information, by completing and submitting a revised report.

(Authorized by K.S.A. 2001 Supp. 74-4202(b); implementing K.S.A. 2001 Supp. 58-3050, as amended by L. 2002, Ch. 82, § 6, K.S.A. 58-3061, K.S.A. 2001 Supp. 58-3062, as amended by L. 2002, Ch. 72, § 1, and K.S.A. 2001 Supp. 74-4202; effective Jan. 1, 1974; amended, E-81-18, July 16, 1980; amended May 1, 1981; amended May 1, 1984; amended, T-87-32, Nov. 19, 1986; amended May 1, 1987; amended Nov. 8, 2002.)