|Limits choice of brokerage services|
|Prohibits brokers from offering rebates to consumers|
Kansas law requires real estate brokers to accept and present offers and counteroffers, even if consumer do not wish to buy these services.
Kansas law prohibits real estate brokers from competing with each other by offering consumer rebates. This reduces the ability of consumers to benefit from competition among brokers.
However, according to the Kansas Real Estate Commission, real estate brokers may offer their customers use of moving vans, charitable donations, coupons, closing costs, homeowner warranties, inspections, home repairs, and insurance among other things in the course of the real estate transaction.
June 16, 2017
June 16, 2017
Letter to Kansas Real Estate Commission Re: Proposed Regulation K.A.R. 86-3-32
Learn more about:
Brokerage services: Discount Brokers Can Make Selling a Home Less Costly
Related documents on the Internet:
August 12, 2004
Kansas Real Estate Commission Guidelines for Permissible Gifts and Gratuities
Kansas Statutes Annotated §58-30,106, §58-30,107 requiring real estate brokers to accept and present offers and counteroffers in every real estate transaction received prior to the closing of the sale. The seller can only instruct the broker in the agency agreement not to submit offers after an offer has been accepted by the seller.