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58-30,103. Written agency agreements.
- Except when acting as a transaction broker or solely as a seller,
buyer, landlord or tenant, a broker shall act only as a statutory
agent in any real estate transaction. A licensee shall not act as
a dual agent or in a dual capacity of agent and undisclosed principal
in any transaction.
- A broker may work with a single party in separate transactions
pursuant to different relationships, including, but not limited to,
selling one property as a seller's agent and working with that seller
in buying another property as a buyer's agent if the broker complies
with this act in establishing the relationships for each transaction.
A broker who has been working with a seller, landlord, buyer or tenant
as a transaction broker may act as an agent for the seller, landlord,
buyer or tenant if the broker complies with this act in establishing
the agency relationship.
- A broker may be engaged as a transaction broker by oral or written
agreement with the seller, landlord, buyer or tenant. A broker shall
be considered a transaction broker unless:
- An agency relationship between the broker and the party to be
represented is established pursuant to this section; or
- a broker works with a buyer or tenant as a subagent of the seller
or landlord by accepting an offer of subagency.
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- Except as provided in subsection (d)(2), a broker intending to
establish an agency relationship with a seller or landlord shall
enter into a written agency agreement with the party to be represented
prior to the licensee's engaging in any of the activities enumerated
in subsection (f) of K.S.A. 58-3035, and amendments thereto, as
an employee of, or on behalf of, the seller or landlord.
- If the real estate which is to be offered for sale is owned by
any agency of the federal government, a broker may, on behalf of
the owner, engage in activities enumerated in subsection (f) of
K.S.A. 58-3035, and amendments thereto, after obtaining verbal authorization
from the federal agency for which services are to be performed.
- To establish an agency relationship with a buyer or tenant, a broker
shall enter into a written agency agreement with the party to be represented
no later than the signing of an offer to purchase or lease.
- An agency agreement shall set forth the terms and conditions of
the relationship, including a fixed date of expiration, any limitation
on the duty of confidentiality and the terms of compensation, and
shall refer to the duties and obligations pursuant to K.S.A. 2002
Supp. 58-30,106 or 58-30,107, and amendments thereto. The agreement
shall be signed by the party to be represented and by the broker or
a licensee affiliated with the broker. A copy of the agreement shall
be furnished to the client at the time the client signs the agreement.
If, at the time the client signs the agreement, the agreement is not
signed by the broker or a licensee affiliated with the broker, the
broker or a licensee affiliated with the broker shall furnish a copy
of the agreement to the client within a reasonable time after the
agreement is signed by the broker or a licensee affiliated with the
broker.
- An agency agreement with a seller or landlord shall include any
potential:
- for the seller's agent or landlord's agent to act as a transaction
broker;
- for an affiliated licensee to act as a designated agent for the
buyer and the designated agent's supervising broker or branch broker,
and an affiliated licensee if applicable, to act as a transaction
broker; or
- for the broker to designate an affiliated licensee
to act as the designated agent for the seller on the broker's personal
listing pursuant to subsection (b)(2) of K.S.A. 58-30,109 and amendments
thereto.
- An agency agreement with a buyer or tenant shall include any potential:
- For the buyer's agent or tenant's agent to act as a transaction
broker; or
- For an affiliated licensee to act as a designated agent for the
seller and the designated agent's supervising broker or branch broker,
and an affiliated licensee if applicable, to act as a transaction
broker.
- An agency agreement shall not contain an authorization
for the broker to sign or initial any document on behalf of the broker's
client in a real estate transaction or authorization for the broker
to act as attorney-in-fact for the client.
- An agency agreement with a seller shall not provide that the broker's
commission be based on the difference between the gross sales price
and the net proceeds to the owner.
- The broker shall not assign, sell or otherwise transfer a written
agency agreement to another broker without the express written consent
of all parties to the original agreement.
- A licensee shall not solicit an agency agreement from a seller
or landlord if the licensee knows that the seller or landlord has,
with regard to the property, an agency agreement granting an exclusive
right to sell or exclusive agency to another broker.
- A licensee shall not solicit an agency agreement from a buyer or
tenant if the licensee knows that the buyer or tenant has a written
agency agreement granting exclusive representation to another broker.
- A licensee shall not induce any party to break any agency agreement.
- If a licensee knows that a buyer or tenant has an agency agreement
granting exclusive representation to another broker, the licensee
shall not contact the buyer or tenant and shall not initiate negotiations
for the sale, exchange or lease of real estate with the buyer or tenant.
The licensee may negotiate the sale, exchange or lease of real estate
directly with the buyer or tenant with the informed consent of the
buyer or tenant. The informed consent shall be evidenced by a consent
agreement signed by the buyer or tenant prior to any such direct negotiation.
The consent agreement shall acknowledge the buyer or tenant agency
agreement and that the buyer or tenant may be liable for compensation
under the terms of the agency agreement. The commission, by rules
and regulations, shall adopt a consent agreement to be used by licensees
pursuant to this subsection.
- A licensee shall not contact the seller or landlord or negotiate
a sale, exchange or lease of real estate directly with a seller or
landlord if the licensee knows that the seller or landlord has an
agency agreement granting an exclusive right to sell or exclusive
agency to another broker. A buyer's or tenant's agent or a subagent
may present an offer to the seller or landlord if the seller's or
landlord's agent is present.
(History: L. 1995, ch. 252, § 3; Revived, L. 1997, ch. 65, §
26; L. 1997, ch. 65, § 27; L. 2002, ch. 82, § 7; July 1.)
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