Sarah, a Kansas licensee, is helping Marcus look at homes in Wichita. Neither Sarah nor Marcus has signed a written buyer agency agreement. Under Kansas BRRETA, what is Sarah's relationship to Marcus at this point?
Correct Answer
D) Sarah is a transaction broker because no written agency agreement exists
Under BRRETA (K.S.A. 58-30,101 et seq.), the absence of a written agency agreement means Sarah defaults to the role of transaction broker. Kansas law requires a written agreement to establish a buyer's agency relationship; simply showing properties does not create buyer agency.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal obligation to reveal information that could affect a party's decision to enter into or the terms of a real estate transaction.
The extent of power and actions an agent is authorized to perform on behalf of the principal, as defined by the agency agreement.
The fiduciary obligations owed by a listing agent to the seller, including marketing the property, presenting all offers, and protecting the seller's confidential information.
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