Kansas License Law

What does 'substantial misrepresentation' mean as a KREC disciplinary ground?

AAny exaggerated advertising statement
BA false statement about a material fact that is significant enough to affect a party's decision to enter a transaction✓ Correct
CMisrepresenting only the sales price
DMisrepresenting the agent's education credentials

Explanation

Substantial misrepresentation involves making false statements about material facts that would influence a reasonable person's decision. It is a basis for KREC disciplinary action including license revocation and subject to civil liability.

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