Happy Holidays to you from all of us on the KREC Team!
Eyes Wide Open!
Wendy Alkire | Deputy Director, Compliance Director
Real estate scams can lead to a substantial financial loss for those who fall victim. It may be expensive or impossible to recover from a real estate scam. The Kansas Real Estate Commission is aware of a sophisticated real estate scam that is allowing bad actors to sell real estate they do not own. The scammers target vacant parcels and unoccupied property. The scammers use fake identification in the name of the real estate owner, which makes it difficult to catch the scam before the property is sold and money has been distributed.
Scams are not new or unique in the purchase and sale of real estate. The best way to keep property owners from becoming victims is to be informed and aware of the warning signs. To help protect buyers and sellers in real estate transactions, be on the lookout for the following possible red flags:
A seller client or customer:
- does not allow a For Sale sign on the property.
- will not meet in person or via video (uses email or text only).
- claims to be out of the state or country.
- requires a cash transaction.
- wants to list below market value.
- is in a hurry to sell and close.
- hires a licensee in a different market area than the property is located.
- waives standard due diligence such as earnest money deposits.
- applies pressure on the licensee to make sure the deal goes through.
- requests a remote closing with a remote notary.
Be sure to work with the closing company to ensure due diligence is done to verify the seller is the actual property owner. To report suspected land scams, file a complaint with the FBI at www.ic3.gov.
KREC in Manhattan
KREC will hold its next Commission meeting in conjunction with the Kansas Association of REALTORS 2024 Winter Advocacy Conference in Manhattan, Kansas. Join us in-person or virtually on January 24, 2024 at 8:00 a.m. The agenda and meeting documents will be posted to the KREC website in January.
CE Corner: No Exemptions
If I am an attorney who also holds a real estate license, am I exempt from completing the 12-hour CE requirement to renew my real estate license?
No. The license law does not contain an exemption for attorneys or any other profession requiring occupational licensing. All Kansas licensees must complete at least nine hours of electives and three mandatory hours in a course titled “Kansas Required Core,” pay the fee, and complete the renewal form every two years. See the Directory of Approved Continuing Education Providers and Courses.
However, courses completed for other occupations may count toward the renewal of a real estate license if the content contributes to the maintenance and improvement of the quality of real estate services provided by the real estate licensee to the public. All requirements, including the 90% exam pass rate for distance education, contained in Kansas license law must also be met. Credit cannot be substituted for the Kansas Required Core course.
To request up to nine hours of elective credit be reviewed, submit an RE-800 Individual Request form complete with all required documentation and fee. We recommend completing CE far in advance of the license expiration date to prevent delays in renewal.
Search the Statutes by Keyword
Did you know the online statute book contains the most updated rules and regulations for Kansas licensees? Use these two methods to find what you need within the digital PDF document:
- Click the linked bookmarks to search by title.
- Tap Ctrl F on your keyboard to open a search box and browse by keyword.
If you prefer a paper statue book, you may also print the PDF at your convenience. KREC does not mail and ship printed statute books at this time.
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Disciplinary Actions
Revocations, suspensions, and aggregate fines greater than $500 issued 10/17/23 – 12/05/23.
Docket Number
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Last Name
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First Name
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License Number
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Legal Action
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Effective Date
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24-1595
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Reiger
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Dana
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00230944
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License Suspended
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11/06/23
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KREC on Social Media
Give us a follow on social media for weekly posts on renewal reminders, compliance do’s and don’ts, regulation spotlights, and more. Find us on these platforms:
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