Property Management
A Kansas property manager who is also a real estate broker signs a management agreement that allows them to list and sell the managed property. This creates a potential:
ALegal requirement under KREC rules
BConflict of interest requiring disclosure to the property owner✓ Correct
CIllegal arrangement under the Kansas License Act
DNo issue since both roles are in the owner's interest
Explanation
When a property manager also seeks to list and sell the same property they manage, there is a potential conflict of interest that must be fully disclosed to and consented to by the property owner.
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