Agency
When must a Kansas licensee provide an agency disclosure to a consumer?
AAt the time of listing or buyer representation agreement
BAt closing
COnly if the consumer asks✓ Correct
DWhen submitting an offer
Explanation
Kansas law requires agency disclosure to be provided at the first substantive contact with a consumer, typically when a listing or buyer representation agreement is signed.
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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.
Listing AgreementA contract between a property owner and a real estate broker that authorizes the broker to market and sell the property.
Seller's Agent (Listing Agent)A real estate licensee who represents the seller's interests, markets the property, and owes fiduciary duties to the seller.
Dual AgencyA situation where a single real estate agent or brokerage represents both the buyer and the seller in the same transaction.
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