Kan. Admin. Regs. § 86-3-19

Current through Register Vol. 43, No. 49, December 5, 2024

Section 86-3-19 - Disclosure of interest in property purchased, sold, or leased

(a) Each licensee shall disclose in the real estate contract or lease any interest that the licensee or the licensee's immediate family member has or will have in the following, as applicable:

(1) The real estate being sold or leased by the seller or lessor; and

(2) the real estate being purchased or leased by the buyer or lessee.

(b) For purposes of this regulation, "interest" shall have the meaning specified in K.S.A. 58-3035, and amendments thereto, and "immediate family member" shall mean spouse, parent, child, or sibling.

Kan. Admin. Regs. § 86-3-19

Authorized by K.S.A. 2015 Supp. 74-4202; implementing K.S.A. 2015 Supp. 58-3035 and 58-3062; effective May 1, 1982; amended, T-86-6-25-08, July 1, 2008; amended Oct. 24, 2008; amended by Kansas Register Volume 35, No. 43; effective 11/14/2016.