A Kansas licensee, Robert, is acting as a transaction broker for a residential sale. The buyer asks Robert whether the seller would accept an offer below the listing price. Under BRRETA, which of the following actions by Robert would be consistent with his duties as a transaction broker?
Correct Answer
C) Present the buyer's question to the seller and convey the seller's response without advising either party on negotiating strategy
Under K.S.A. 58-30,104, a transaction broker's duties include presenting offers and counteroffers and conveying information between the parties, but the transaction broker must not advocate for or advise either party on negotiating strategy. Presenting the buyer's inquiry to the seller and relaying the response is within the transaction broker's proper role.
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Related Topics & Key Terms
Key Terms:
Related Concepts
The legal principle that holds a broker responsible for the actions of their agents and employees performed within the scope of the agency relationship.
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.
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