Agency
In Kansas, what is a 'selling broker' in the context of a cooperative transaction?
AThe broker who sold the property on behalf of the seller only
BThe cooperating broker who brings the buyer and earns a commission as specified in the MLS cooperative offer of compensation✓ Correct
CThe broker who sells only listing agreements, not properties
DThe broker who sells investment properties
Explanation
The 'selling broker' (cooperating broker) is the broker who works with the buyer and brings the offer. They earn the buyer's side of the commission through the MLS cooperative compensation offer.
Related Kansas Agency Questions
- Which of the following fiduciary duties requires an agent to keep the client's information confidential?
- In Kansas, what is 'subagency' in a real estate context?
- What is 'ministerial acts' exception in Kansas agency law?
- A Kansas real estate agent's fiduciary relationship with their seller-client is created by:
- A Kansas real estate team consists of a team leader and several buyer's agents working under the same broker. The broker:
- A Kansas listing agent who uses information from the listing to benefit themselves (such as purchasing the property through a relative) has committed:
- A Kansas buyer's agent who learns that a property has a code enforcement violation against it must:
- A Kansas listing agent who also represents the buyer in the same transaction without proper consent is engaged in:
Practice More Kansas Real Estate Questions
1,500+ questions covering all exam topics. Start free — no signup required.
Take the Free Kansas Quiz →