58-30,104. Termination of relationships.

1.  
1. The agency relationships set forth in K.S.A. 2001 Supp. 58-30,103, and amendments thereto, shall commence at the time that the client engages the broker, and shall continue until:
1. A transaction is closed according to the agreement of the parties; or
2. if a transaction is not closed according to the agreement of the parties, the earlier of:
1. Any date of expiration agreed upon by the parties in the agency agreement or in any amendments thereto; or
2. any authorized termination of the relationship.
2. Except as otherwise agreed in writing, a broker owes no further duties to the client after termination, expiration, or the closing of a transaction according to the agreement of the parties, except:
1. To account for all moneys and property relating to the engagement; and
2. to keep confidential all confidential information received during the course of the engagement unless:
1. The client permits the disclosure by subsequent word or conduct;
2. such disclosure is required by law; or
3. the information becomes public from a source other than the broker.
2.  
1. The relationship between a transaction broker and a seller, landlord, buyer or tenant shall terminate when:
1. A transaction is closed according to the agreement of the parties; or
2. if a transaction is not closed according to the agreement of the parties, the earlier of:
1. Any date of expiration agreed upon by the parties; or
2. any authorized termination of the relationship.
2. Except as otherwise agreed in writing, a transaction broker owes no further duties to any party to the transaction after termination, expiration or the closing of a transaction according to the agreement of the parties, except:
1. To account for all moneys and property relating to the engagement; and
2. to keep confidential all information received during the course of the engagement which was made confidential by request of any party to the transaction, unless:
1. The party permits the disclosure by subsequent word or conduct;
2. such disclosure is required by law; or
3. the information becomes public from a source other than the transaction broker.

(History: L. 1995, ch. 252, § 4; Revived, L. 1997, ch. 65, § 28; L. 1997, ch. 65, § 29; Oct. 1.)