Kansas State-Specific Real Estate Topics
Regulator and license
Kansas Real Estate Commission (KREC) administers the Brokers' and Salespersons' License Act, issues and disciplines licenses, and audits trust accounts. A salesperson must be affiliated with a licensed broker, and compensation for brokerage services flows through that supervising broker; an unlicensed assistant cannot be paid a share of a commission. Renewal and continuing education are biennial - confirm current hour requirements with KREC, because the Commission periodically adjusts them.
Brokerage relationships
Kansas governs agency through the Brokerage Relationships in Real Estate Transactions Act (BRRETA). A licensee may act as seller's agent, buyer's agent, transaction broker, or - with the written consent of both parties - a dual agent. BRRETA also recognizes ministerial acts (unlocking a door, delivering a document) that do not by themselves create an agency relationship.
Title, liens, foreclosure
Kansas is a lien-theory state: the borrower retains title and the mortgage is a lien on the property. Foreclosure runs through the district courts as a judicial proceeding. Deeds and mortgages are recorded with the county register of deeds.
Property taxation
Kansas taxes "value in money," the county appraiser's market value, at statutory ratios: 11.5% for residential property, 25% for commercial and industrial. Tax = assessed value × mill levy ÷ 1,000.
Worked example: a $200,000 home at the 11.5% residential ratio is assessed at $23,000. With a 130-mill levy, tax = 23,000 × 130 ÷ 1,000 = $2,990.
Traps
Applying the residential ratio to a storefront, forgetting that mills are dollars per $1,000 of assessed value, and assuming every licensee at a showing is the buyer's agent or that a transaction broker owes undivided loyalty.