Final answer:
K would be guilty of illegal practice if caught selling real estate without a license, facing possible fines or imprisonment.
Step-by-step explanation:
If K is selling real estate without a license and is caught, they would be guilty of practicing real estate without a license, which is illegal in most jurisdictions. The severity of the offense can vary, but typically, it could lead to fines, and in certain cases, imprisonment. Real estate professionals are required to be licensed to ensure they are knowledgeable about local real estate laws and regulations and to protect consumers from fraudulent practices. Therefore, operating without a license undermines industry standards and legal protections.