Agency
In Kansas, what is the 'equal dignity rule' for agency contracts?
AAll agents must be treated equally by the broker
BIf the underlying contract (e.g., deed) must be in writing, the agency agreement authorizing the agent to execute it must also be in writing✓ Correct
CBuyer and seller agents must be paid equally
DAll agency agreements must be notarized
Explanation
The equal dignity rule holds that if a contract must be in writing (as real estate contracts must be), then the agency authority to execute that contract must also be in writing.
Related Kansas Agency Questions
- In Kansas, what is 'gratuitous agency' in real estate?
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- Which of the following would terminate an agency relationship in Kansas?
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- A Kansas real estate agent who discloses a buyer's credit weaknesses to the seller without authorization has violated the duty of:
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- Which of the following best describes a 'gratuitous agency' in Kansas?
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