86-3-27 Transaction broker addendum.
- Each broker shall use a transaction broker addendum form (TBA-RES)
approved by the commission on April 10, 1997, which is hereby adopted
by reference, to obtain the informed consent of a seller client and
a buyer client for the broker to act as a transaction broker, on a
contemplated transaction between the buyer and the seller, for the
sale of a residential property of four or fewer units.
- Each broker shall use a transaction broker addendum form (TBA-COMM)
approved by the Commission on April 10, 1997, which is hereby adopted
by reference, to obtain the informed consent of a seller client and
a buyer client for the broker to act as a transaction broker, on a
contemplated transaction between the buyer and seller, for the sale
or lease of commercial property or the sale of residential property
of more than four units.
- Each broker shall use a transaction broker addendum form (TBA-AG)
approved by the commission on August 14, 1997, which is hereby adopted
by reference, to obtain the informed consent of a seller client and
a buyer client for the broker to act as a transaction broker, on a
contemplated transaction between the buyer and seller, for the sale
of agricultural land.
- Each broker shall use a transaction broker addendum form (TBA-DA)
approved by the commission on April 10, 1997, which is hereby adopted
by reference, to obtain the informed consent of a seller client and
a buyer client for a designated agent to act as a transaction broker,
on a contemplated transaction between the buyer and seller.
- This regulation shall take effect on and after October 1, 1997.
(Authorized by K.S.A. 1996 Supp. 74-4202(b), as amended by 1997 H.B.
2264, Sec. 46; implementing K.S.A. 1996 Supp. 58-30,109(a) and 58-30,109(b)(6),
as amended by 1997 H.B. 2264, Sec. 38; effective, T-86-10-1-97, Oct.
1, 1997; effective Oct. 24, 1997.)
