Sparks real estate broker fined more than $100,000

Save Story
Leer en Español

Estimated read time: Less than a minute

This archived news story is available only for your personal, non-commercial use. Information in the story may be outdated or superseded by additional information. Reading or replaying the story in its archived form does not constitute a republication of the story.

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 ( 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,

Copyright © The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Most recent Business stories

Related topics

The Associated Press


    Get informative articles and interesting stories delivered to your inbox weekly. Subscribe to the Trending 5.
    By subscribing, you acknowledge and agree to's Terms of Use and Privacy Policy.

    KSL Weather Forecast