Agency
A buyer signs an exclusive buyer agency agreement in Kansas. This means:
AThe buyer cannot purchase without the agent's permission
BThe agent represents only the buyer and owes fiduciary duties to the buyer✓ Correct
CThe agent splits duties equally between buyer and seller
DThe buyer owes the agent a commission regardless of how a home is purchased
Explanation
An exclusive buyer agency agreement creates a fiduciary relationship where the agent represents solely the buyer's interests, owing full fiduciary duties to the buyer.
Related Kansas Agency Questions
- In Kansas, when a buyer's agent discovers a property is listed by their own firm, creating dual agency, they must:
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- A Kansas broker receives a purchase offer on a property they have listed. The buyer is unrepresented. What should the broker do?
- A subagent in Kansas represents:
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- In Kansas, which document creates an agency relationship between a buyer and licensee?
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