- Associated Press - Thursday, May 7, 2015

RENO, Nev. (AP) - The Nevada Real Estate Commission has fined a Sparks-based real estate broker more than $100,000 for illegally engaging in a series of short sale transactions.

The Reno Gazette-Journal reports (https://tinyurl.com/leb7ljh) the commission ordered Kyle Krch on Wednesday to pay $102,000 in fines plus $10,128 in commission costs for a total of 39 violations cited by state investigators.

Among other things, Krch was accused of failing to submit written disclosures to sellers regarding his financial interest in their properties.

His lawyer, Matt Hipple, argued that Nevada law can be interpreted to allow for verbal disclosures, which Krch says he made to his clients.

But the commission ruled he did not represent the best interests of the sellers and the lenders, and failed to adequately supervise his agents.

___

Information from: Reno Gazette-Journal, https://www.rgj.com


Copyright © 2018 The Washington Times, LLC.

The Washington Times Comment Policy

The Washington Times welcomes your comments on Spot.im, our third-party provider. Please read our Comment Policy before commenting.

 

Click to Read More and View Comments

Click to Hide