Kansas License Law
In Kansas, a net listing agreement is:
AEncouraged because it protects the broker's commission
BLegal but discouraged by KREC due to potential conflicts of interest✓ Correct
CRequired for transactions over $500,000
DOnly legal for commercial transactions
Explanation
A net listing gives the broker any proceeds above a specified net amount to the seller. Kansas does not expressly prohibit them but KREC discourages the practice due to potential conflicts of interest.
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