Sarah is a Kansas licensee who has just been contacted by Marcus, a prospective buyer, who wants to tour a listed property. Before showing the property, Sarah must provide Marcus with a written disclosure of the brokerage relationship. According to BRRETA, at what point must this disclosure be made?
Correct Answer
A) Before or at the time of the first substantial contact with the prospective buyer
Under K.S.A. 58-30,105, a Kansas licensee must provide written disclosure of the brokerage relationship at the time of or before the first substantial contact with a prospective buyer or seller. Showing a property constitutes substantial contact, so the disclosure must occur before or at the time of the showing.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created by the conduct or actions of the parties rather than by a written or oral agreement.
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.
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