Under the Kansas Brokerage Relationships in Real Estate Transactions Act (BRRETA), what is the DEFAULT agency relationship that exists when a Kansas licensee assists a buyer or seller without a written agency agreement in place?
Correct Answer
D) Transaction broker, because BRRETA designates this as the default relationship absent a written agreement
Under BRRETA (K.S.A. 58-30,101 et seq.), when a Kansas licensee has not entered into a written agency agreement with a buyer or seller, the default relationship is that of a transaction broker. The transaction broker assists both parties without acting as a fiduciary agent for either, and specific statutory duties apply to this relationship.
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Related Topics & Key Terms
Key Terms:
Related Concepts
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
A relationship where a listing broker authorizes other brokers to act as agents of the seller, extending the seller's agency relationship to cooperating brokers.
A non-agency relationship where the broker facilitates a real estate transaction without representing either party, owing limited duties of honesty, fairness, and competence to both.
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