Agency
In Kansas, can a real estate agent be liable for misrepresentation even if they didn't know the information was false?
ANo — only intentional misrepresentation creates liability
BYes — negligent misrepresentation (providing false information without reasonable grounds for believing it was true) can create liability✓ Correct
COnly if the misrepresentation was in writing
DOnly if the misrepresentation caused a loss of more than $10,000
Explanation
Kansas agents can face liability for both intentional fraud and negligent misrepresentation — providing false information without adequate investigation or reasonable grounds for believing it was accurate.
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Key Terms to Know
Agency
A legal relationship in which a licensee (agent) acts on behalf of a principal (buyer or seller) in a real estate transaction.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
Fiduciary DutyThe highest legal duty an agent owes to a principal — requiring the agent to act in the principal's best interest above all others.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Math Concepts
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