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58-30,102. Definitions.
As used in the brokerage relationships in real estate transactions act,
unless the context otherwise requires:
- "Affiliated licensee" means any individual licensed as
a salesperson or broker under the Kansas real estate brokers' and
salespersons' license act who is employed by a broker or affiliated
with a broker as an independent contractor.
- "Agency" means every relationship in which a broker acts
for or represents another, by the latter's express written authority,
in a real estate transaction. "Agency" also means the relationship
in which a broker, by verbal authorization pursuant to subsection
(d)(2) of K.S.A. 2001 Supp. 58-30,103, and amendments thereto, acts
for or represents any agency of the federal government in the sale
of property owned by the federal agency.
- "Agency agreement" means a written agreement setting
forth the terms and conditions of the relationship between a broker
and the broker's client.
- "Broker" means: (1) An individual who is licensed as
a broker under the Kansas real estate brokers' and salespersons' license
act and who has an agency with a seller, buyer, landlord or tenant
or acts as a transaction broker; or (2) an association, corporation,
limited liability company, limited liability partnership, partnership
or professional corporation of which the officers and members, or
persons employed by or associated with the association, corporation,
limited liability company, limited liability partnership, partnership
or professional corporation, are licensed pursuant to K.S.A. 58-3042,
and amendments thereto and which has an agency with a seller, buyer,
landlord or tenant or acts as a transaction broker. The term "broker"
includes the broker's affiliated licensees except where the context
would otherwise indicate. If an individual broker is indicated by
the context, the term "broker" means the supervising broker
as defined by K.S.A. 58-3035 and amendments thereto.
- "Brokerage firm" means the business entity of a broker,
whether an association, corporation, limited liability company, limited
liability partnership, partnership, proprietorship or professional
corporation.
- "Buyer's agent" means a broker who has an agency with
a buyer. The term includes the broker's affiliated licensees.
- "Client" means a seller, landlord, buyer or tenant who
has an agency with a broker.
- "Commission" means the Kansas Real Estate Commission.
- "Confidential information" means information made confidential
by statute, rule, regulation or instructions from the client or personal
information about the client which might place the other party at
an advantage over the client unless the information is made public
or becomes public by the words or conduct of the client to whom the
information pertains or from a source other than the licensee.
- "Customer" means a seller, landlord, buyer or tenant
in a real estate transaction in which a broker is involved but who
has not entered into an agency with the broker.
- "Designated agent" means a licensee
affiliated with a broker who has been designated by the broker, or
the broker's duly authorized representative, to act as the agent of
a broker's buyer or seller client to the exclusion of all other affiliated
licensees.
- "Exclusive agency agreement" means a written agency agreement
that sets forth the terms and conditions of the relationship between
a broker and the broker's clients and does the following: (1) Grants
the broker the exclusive right to represent the seller in the sale
of the seller's property; and (2) provides the broker will be compensated
if the broker or any other person or entity produces a purchaser in
accordance with the terms specified in the agreement or if the property
is sold during the term of the listing agreement, unless the property
is sold solely through the efforts of the seller or to specifically
exempted persons or entities.
- "Exclusive right to sell agreement" means a written agency
agreement or written transaction brokerage agreement that sets forth
the terms and conditions of the relationship between a broker and
the broker's clients or customers and does the following: (1) Grants
the broker the exclusive right to assist the seller in the sale of
the seller's property; and (2) provides the broker will be compensated
if the broker, seller or any other person or entity produces a purchaser
in accordance with the terms specified in the agreement or if the
property is sold during the term of the listing agreement to anyone
other than specifically exempted persons or entities.
- "Landlord's agent" means a broker who has entered into
an agency with a landlord. The term includes the broker's affiliated
licensees.
- "Licensee" means any person licensed under the Kansas
real estate brokers' and salespersons' license act as a broker or
salesperson.
- "Ministerial acts" means those acts that a licensee may
perform for a person that are informative in nature and do not rise
to the level of active representation on behalf of a person. Examples
of these acts include, but are not limited to:
- Responding to telephone inquiries by consumers as to the availability
and pricing of brokerage services;
- responding to telephone inquiries from a person concerning
the price or location of property;
- attending an open house and responding to questions about the
property from a consumer;
- setting an appointment to view property;
- responding to questions of consumers walking into a licensee's
office concerning brokerage services offered on particular properties;
- accompanying an appraiser, inspector, contractor or similar
third party on a visit to a property;
- describing a property or the property's condition in response
to a person's inquiry; or
- referral to another broker or service provider.
- "Seller's agent" means a broker who has an agency with
a seller. The term includes the broker's affiliated licensees and
subagents of the broker.
- "Qualified third party" means a federal, state or local
governmental agency or any person whom the broker, the affiliated
licensee or a party to the real estate transaction reasonably believes
has the expertise necessary to meet the industry standards of practice
for the type of inspection or investigation that has been conducted
by the third party in order to prepare a written report.
- "Statutory agent" means a seller's agent, a buyer's agent,
a landlord's agent, a tenant's agent or a designated agent in a real
estate transaction.
- "Tenant's agent" means a broker who has an agency with
a prospective tenant. The term includes the broker's affiliated licensees.
- "Transaction broker" means a broker who assists one or
more parties with a real estate transaction without being an agent
or advocate for the interests of any party to such transaction. The
term includes the broker's affiliated licensees.
- "Written transaction brokerage agreement" means a written
agreement setting forth the terms and conditions of the relationship
between a broker acting as a transaction broker and the broker's customers.
(History: L. 1995, ch. 252, § 2; Revived, L. 1997, ch. 65, §
24; L. 1997, ch. 65, § 25; Oct. 1; L. 2010, ch. 104; § 12,
July 1.)
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