Under Kansas BRRETA, which of the following correctly identifies the two primary types of agency relationships a Kansas licensee may establish through a written agreement with a client?
Correct Answer
B) Seller's agency and buyer's agency
Under BRRETA (K.S.A. 58-30,101 et seq.), the two primary written agency relationships a Kansas licensee may establish are seller's agency (through a listing agreement) and buyer's agency (through a buyer agency agreement). These relationships create fiduciary duties between the licensee and their respective principal. Transaction brokerage is the default non-agency relationship, not a written agency type.
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Related Topics & Key Terms
Key Terms:
Related Concepts
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.
A practice where the agent or brokerage represents only one party in a transaction — either the buyer or the seller, but never both.
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