Kansas License Law
Under the Kansas License Act, a licensee who receives compensation from both the buyer and seller in a transaction must:
ARefuse the compensation from one party
BDisclose the dual compensation to all parties and obtain informed consent✓ Correct
CPay one party's commission to KREC
DFile a dual compensation report with the IRS immediately
Explanation
Receiving compensation from both parties is permitted in Kansas only with full disclosure and written consent from all parties involved in the transaction.
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