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Kansas Real Estate Agent Listing Agreement

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Kansas Real Estate Agent Listing Agreement

Updated December 28, 2022

A Kansas real estate agent listing agreement is a contract that outlines a realtor’s rights and obligations regarding a transaction for the sale of real estate. When a realtor agrees to sell an individual’s property, the listing agreement will be implemented so that the parties may define terms such as the type of agreement (e.g., exclusive right to sell, open listing), listing price, listing period, and the payment provided to the realtor in exchange for the services they provide. The compensation reserved for the realtor is generally granted as a percentage of the total sales price following the completion of the sale.

Real Estate Brokerage Relationships Disclosure (§ 58-30,110) – Explains the brokerage relationship to prospective clients. Agents must provide the disclosure to the buyer or seller at the first possible opportunity.

Dual Agency (§ 58-30,103(a)) – Illegal in Kansas. Although, a transactional broker is allowed in Kansas which allows the agent to act as an intermediary between the buyer and seller without granting either side a fiduciary duty (§ 58-30,109). In such an event, the agent will be required to obtain written consent from both parties.

Property Disclosure Statement (§ 58-30,106) – Provides prospective buyers with a report of the material condition of a property. Must be completed by the seller and made available to all those interested in purchasing.

Search a Licensee – Perform a search on the Kansas Real Estate Commission website to verify the credentials of a licensee.