Finance
In Kansas, what is 'private transfer fee' legislation and how does Kansas regulate it?
AKansas requires all transfer fees to be paid by the buyer
BKansas has passed legislation restricting or prohibiting private transfer fees — fees payable to a third party (not government) each time a property is sold✓ Correct
CPrivate transfer fees are required in all Kansas subdivisions
DThere are no regulations on private transfer fees in Kansas
Explanation
Private transfer fees covenants (PTFCs) that require payments to private parties on future sales have been restricted or prohibited in many states. Kansas has enacted legislation limiting their use.
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