Agency
A Kansas broker receives a purchase offer on a property they have listed. The buyer is unrepresented. What should the broker do?
AAutomatically become the buyer's agent
BInform the buyer they represent the seller and offer to work as a transaction broker if the buyer desires limited assistance✓ Correct
CRefuse to work with unrepresented buyers
DRequire the buyer to hire their own agent before accepting the offer
Explanation
A Kansas listing broker must disclose to the unrepresented buyer that they represent the seller, and may offer transaction broker services providing limited assistance to the buyer without full fiduciary duties.
Related Kansas Agency Questions
- Under Kansas law, the agency disclosure must be made:
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- Under Kansas transaction brokerage, the licensee represents:
- In Kansas, a seller who hires a listing broker gives the broker a general power to:
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