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AgencyMaterial_fact_disclosureEASY

A Kansas licensee purchasing property must:

Correct Answer

B) Disclose their licensee status in writing

Kansas law requires licensees to disclose their license status in writing when they have a personal interest in a transaction.

Answer Options
A
Pay above market
B
Disclose their licensee status in writing
C
Use a different firm
D
Get KREC approval

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Related Topics & Key Terms

Related Topics:

material fact disclosurelicensee personal interestwritten disclosure requirementsKansas License Actconflict of interest

Key Terms:

licensee disclosurewritten disclosurepersonal interestlicensee statusKansas License Act
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