- An out-of-state licensee can enter into cooperative agreement with Kansas supervising broker for real estate transaction so long as the agreement meets the statutory requirements, which include:
1) a written agreement; 2) out-of-state licensee consents to the jurisdiction of Kansas Real Estate Commission; 3) escrows all funds with Kansas supervising broker; 4) files agreement with Kansas Real Estate Commission; 5) brokers communicate with each other on the status of the negotiations.
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ReciprocityAny State* * Brokers need to complete a 4 Hour Kansas Law Course and the Kansas Practice Course, then pass the Kansas Portion of the Real Estate Exam. |
Specific to Kansas |
Reverse ReciprocityThese states specifically mention Kansas in their Reciprocity: Arkansas These States recognize any other State licenses but may have additional requirements: Alaska, Alabama, Colorado, Georgia, Idaho, Indiana, Kentucky, Maine, Nebraska, North Carolina, Rhode Island, South Dakota, Tennesee, Vermont, Washington |
Customs
Title companies, lenders, real estate agents, attorneys, and independent escrow firms all conduct closings.
Anyone who conducts a title search must be licensed to pull title abstracts.
Land titles sometimes stem from Indian origins, deeds involving Indians go before the Indian Commission for approval.
Conveyance is by warranty deed. Mortgages are the customary security instruments.
Kansas uses ALTA policies and endorsements. Buyers and sellers divide closing costs.
Buyers pay the lender’s policy costs and the state mortgage taxes; sellers pay for the owner’s policy.
Kansas is a NON-DISCLOSURE state. Transaction details and the Buyer, Seller, Sales Price, or even if a property sold is NOT PUBLIC RECORD.
Anyone who conducts a title search must be licensed to pull title abstracts.
Land titles sometimes stem from Indian origins, deeds involving Indians go before the Indian Commission for approval.
Conveyance is by warranty deed. Mortgages are the customary security instruments.
Kansas uses ALTA policies and endorsements. Buyers and sellers divide closing costs.
Buyers pay the lender’s policy costs and the state mortgage taxes; sellers pay for the owner’s policy.
Kansas is a NON-DISCLOSURE state. Transaction details and the Buyer, Seller, Sales Price, or even if a property sold is NOT PUBLIC RECORD.
