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Kansas Administrative Regulation No. 86-3-27

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86-3-27 Transaction broker addendum.

  1. Each broker shall use a transaction broker addendum form (TBA-RES) approved by the commission on April 10, 1997, which is hereby adopted by reference, to obtain the informed consent of a seller client and a buyer client for the broker to act as a transaction broker, on a contemplated transaction between the buyer and the seller, for the sale of a residential property of four or fewer units.
  2. Each broker shall use a transaction broker addendum form (TBA-COMM) approved by the Commission on April 10, 1997, which is hereby adopted by reference, to obtain the informed consent of a seller client and a buyer client for the broker to act as a transaction broker, on a contemplated transaction between the buyer and seller, for the sale or lease of commercial property or the sale of residential property of more than four units.
  3. Each broker shall use a transaction broker addendum form (TBA-AG) approved by the commission on August 14, 1997, which is hereby adopted by reference, to obtain the informed consent of a seller client and a buyer client for the broker to act as a transaction broker, on a contemplated transaction between the buyer and seller, for the sale of agricultural land.
  4. Each broker shall use a transaction broker addendum form (TBA-DA) approved by the commission on April 10, 1997, which is hereby adopted by reference, to obtain the informed consent of a seller client and a buyer client for a designated agent to act as a transaction broker, on a contemplated transaction between the buyer and seller.
  5. This regulation shall take effect on and after October 1, 1997.

(Authorized by K.S.A. 1996 Supp. 74-4202(b), as amended by 1997 H.B. 2264, Sec. 46; implementing K.S.A. 1996 Supp. 58-30,109(a) and 58-30,109(b)(6), as amended by 1997 H.B. 2264, Sec. 38; effective, T-86-10-1-97, Oct. 1, 1997; effective Oct. 24, 1997.)


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