A Kansas real estate licensee, David, represents the seller under a written listing agreement. When a buyer calls David directly to inquire about the listed property, David must disclose his agency relationship. Which statement best describes David's disclosure obligation at this point?
Correct Answer
C) David must disclose that he represents the seller before or at the first substantial contact with the buyer
Under K.S.A. 58-30,105, David is required to disclose his seller agency relationship in writing at the time of or before the first substantial contact with the prospective buyer. A telephone inquiry about a listed property constitutes substantial contact, triggering the disclosure requirement.
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Related Topics & Key Terms
Key Terms:
Related Concepts
An agency relationship created when a principal's actions or words lead a third party to reasonably believe that an agent has authority, and the principal fails to correct this belief.
An agency relationship created when a principal approves or accepts an agent's previously unauthorized actions, effectively granting authority after the fact.
The legal requirement for real estate agents to inform all parties about who they represent in a transaction, typically provided at first substantive contact.
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