58-30,104.

356 words·~2 min read·/ks/chapter-58/58-30-4

A research copy — for the controlling text, always check the official state or federal source. Not legal advice.

58-30,104. Termination of relationships.

(1)The agency relationships set forth in K.S.A. 58-30,103 , and amendments thereto, shall commence at the time that the client engages the broker, and shall continue until:

(A)A transaction is closed according to the agreement of the parties; or

(B)if a transaction is not closed according to the agreement of the parties, the earlier of:

(i)Any date of expiration agreed upon by the parties in the agency agreement or in any amendments thereto; or

(ii)any authorized termination of the relationship.

(2)Except as otherwise agreed in writing, a broker owes no further duties to the client after termination, expiration, or the closing of a transaction according to the agreement of the parties, except:

(A)To account for all moneys and property relating to the engagement; and

(B)to keep confidential all confidential information received during the course of the engagement unless:

(i)The client permits the disclosure by subsequent word or conduct;

(ii)such disclosure is required by law; or

(iii)the information becomes public from a source other than the broker.

(1)The relationship between a transaction broker and a seller, landlord, buyer or tenant shall terminate when:

(A)A transaction is closed according to the agreement of the parties; or

(B)if a transaction is not closed according to the agreement of the parties, the earlier of:

(i)Any date of expiration agreed upon by the parties; or

(ii)any authorized termination of the relationship.

(2)Except as otherwise agreed in writing, a transaction broker owes no further duties to any party to the transaction after termination, expiration or the closing of a transaction according to the agreement of the parties, except:

(A)To account for all moneys and property relating to the engagement; and

(B)to keep confidential all information received during the course of the engagement which was made confidential by request of any party to the transaction, unless:

(i)The party permits the disclosure by subsequent word or conduct;

(ii)such disclosure is required by law; or

(iii)the information becomes public from a source other than the transaction broker.